Legg Mason Monday disclosed additional "capital support agreements (​CSAs) to support three money market funds." The company release says, "Neither the funds nor their shareholders incurred a loss in these transactions.... Under the CSAs, the Company will make up to an aggregate of $​240 million in capital contributions to the funds if any of the funds realize a loss on the sale of or certain other events relating to certain Asset Backed Commercial Paper (​ABCP) securities in the portfolios." Mark Fetting, president and CEO, says, "Legg Mason is putting the CSAs in place to support the same securities we have previously supported in other funds. The support provides the funds with flexibility to work through difficult markets as we seek to reduce the exposure in the funds. We are confident in the overall soundness of the Company'​s money market funds and remain committed to providing our fund shareholders with principal stability, credit quality, and current income, although no guarantees can be given." See also WSJ and Bloomberg coverage.

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