Citigroup Closed-End Funds Issue Statement
June 22 2005 - 3:15PM
Business Wire
The following Citigroup closed-end funds - Salomon Brothers Capital
and Income Fund Inc., Salomon Brothers Emerging Markets Debt Fund
Inc., Salomon Brothers Emerging Markets Floating Rate Fund Inc.,
Salomon Brothers Emerging Markets Income Fund Inc., Salomon
Brothers Emerging Markets Income Fund II Inc., Salomon Brothers
Global High Income Fund Inc., Salomon Brothers Global Partners
Income Fund Inc., Salomon Brothers Inflation Management Fund Inc.,
Salomon Brothers Municipal Partners Fund Inc., Salomon Brothers
Municipal Partners Fund II Inc., The Salomon Brothers Fund Inc,
Salomon Brothers High Income Fund Inc, Salomon Brothers High Income
Fund II Inc, Salomon Brothers Variable Rate Strategic Fund Inc.,
Salomon Brothers 2008 Worldwide Dollar Government Term Trust Inc.
and Salomon Brothers Worldwide Income Fund Inc. - today issued the
following statement: The Funds today reported that
PricewaterhouseCoopers LLP has resigned as the independent
registered public accounting firm for the Funds. The resignation is
effective immediately for Salomon Brothers Capital and Income Fund
Inc., Salomon Brothers Emerging Markets Debt Fund Inc., Salomon
Brothers Emerging Markets Floating Rate Fund Inc., Salomon Brothers
Emerging Markets Income Fund Inc., Salomon Brothers Global Partners
Income Fund Inc., Salomon Brothers Inflation Management Fund Inc.,
Salomon Brothers Municipal Partners Fund Inc., The Salomon Brothers
Fund Inc, Salomon Brothers High Income Fund Inc, Salomon Brothers
Variable Rate Strategic Fund Inc., Salomon Brothers 2008 Worldwide
Dollar Government Term Trust Inc. and Salomon Brothers Worldwide
Income Fund Inc. and upon completion of the audit for the 2005
fiscal years for Salomon Brothers Emerging Markets Income Fund II
Inc., Salomon Brothers High Income Fund II Inc, Salomon Brothers
Global High Income Fund Inc and Salomon Brothers Municipal Partners
Fund II Inc. The Funds' Audit Committees approved engaging KPMG LLP
as the Funds' new independent registered public accounting firm. A
majority of each Fund's Board of Directors, including a majority of
the independent Directors, approved the appointment of KPMG LLP,
subject to the right, of each Fund, by a majority vote of the
shareholders at any meeting called for that purpose, to terminate
the appointment without penalty. The reports of
PricewaterhouseCoopers LLP on the Funds' financial statements for
each of the last two fiscal years contained no adverse opinion or
disclaimer of opinion and were not qualified or modified as to
uncertainty, audit scope or accounting principles. There have been
no disagreements with PricewaterhouseCoopers LLP during the Funds'
two most recent fiscal years and any subsequent interim period on
any matter of accounting principles or practices, financial
statement disclosure or auditing scope or procedure which, if not
resolved to the satisfaction of PricewaterhouseCoopers LLP, would
have caused them to make reference thereto in their reports on the
financial statements for such years. Symbols: EDF, EFL, EHI, EMD,
ESD, GFY, HIF, HIX, GDF, IMF, MNP, MPT, SBF, SBG, SBW, SCD
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