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LEGG MASON PARTNERSFAMILY OF FUNDS IRA Distribution Request Form and Change of Ownership Letter of Intent Agreement

This form should be used to authorize the transfer of funds between two Legg Mason Funds accounts. If you are transferring to a new account, the appropriate new account application must accompany this form along with additional paperwork outlined on page 3. For assistance, please call Services at 1-800-822-5544, Monday through Friday, 8:00 am - 5:30 pm (ET). Please note: Most service options WILL NOT automatically carry over to a new registration; the new Account Owner(s) must elect the service(s). To take advantage of a range of services, including Future First®, TransAct, and more, please call us or print the appropriate form from www.leggmason.com.

1 ACCOUNT INFORMATION Please transfer the funds held in the account listed below:

Account Number Daytime Phone

Fund Account Registration [Account Owner Name(s)] Social Number To the following account:

Account Number (if establishing a new account, please submit with your application) Daytime Phone

Fund Account Registration [Account Owner Name(s), if applicable] Social Security Number

2 REASON FOR TRANSFER The Emergency Economic Stabilization Act, HR1424, includes provisions from the Energy Improvement and Extension Act of 2008, requiring mutual funds to provide cost basis reporting to their customers and the IRS. To ensure accurate cost basis reporting, please indicate the type of transfer requested an provide transfer details where applicable. If a reason is not provided below, this transfer will be defaulted to . Please select one:  Reregistration (name change, divorce/separation, to trust, etc.)  UTMA/UGMA Removal of Custodian (e.g., minor reached age of majority)  (due to death) Date of Death (required)  Gift Date of Gift Fair Value Acceptance* Signature of New Owner

* If the accepting account will use Average Cost, the new owner must sign above to indicate acceptance of the shares at fair market value on the date of or settlement if the shares are transferred at a loss.

© 2020 Legg Mason Investor Services, LLC, distributor. Member FINRA, SIPC 402141 LMFX011368 10/20

3 INSTRUCTIONS FOR TRANSFER A.  Transfer entire account  Transfer specific dollar or share amount detailed below

Fund Name and Share Class Quantity (indicate shares or dollars)

Fund Name and Share Class Quantity (indicate shares or dollars) B. Provide additional instructions on the lines below. If moving funds from your non-IRA account to an IRA account, please indicate a year for the contribution.

C. Cost Basis (non-fiduciary accounts only) Franklin Templeton or its affiliates do not provide legal advice. We suggest that you contact your tax or legal advisor for any information relating to your specific situation. The cost basis information (if available) will be carried over from the original account to the new account. To select a different cost basis method, please contact Shareholder Services at 800-822-5544. Death (Inheritance) Date of Death (required) Alternate Date or Alternate Value (optional) For joint account holders only, please consider the following for purposes of determining cost basis. If the reason for transfer is due to death (inheritance), please indicate if you are the spouse by checking the box:  Spouse  Non-Spouse Please indicate the %* of joint contributed by the decedent: %

* If no percentage is indicated, the shares may be transferred as 100% non-covered on non-spousal accounts.

4 SIGNATURE AND CONFIRMATION This section must be completed in order to authorize your account change. If one or more of the existing Account Owners have passed away, please check the box below the signature line to inform us of this. Each Account Owner, beneficiary or authorized delegate makes the following certifications: I have provided accurate and complete information and I have read and agree to all applicable account information. In of your accepting these instructions, I (we) hereby release and discharge Legg Mason Shareholder Services, LLC (Legg Mason) from any liability or claim in connection with the foregoing instructions and agree to indemnify and hold Franklin Templeton and its affilliates harmless against loss from any action, claim or demand of any as a result of Franklin Templeton complying with their instructions. I (we) hereby irrevocably relinquish all rights, , and to the above listed . I (we) hereby acknowledge that I (we) have read and understand the terms of this request to transfer and further acknowledge that the terms of this request to transfer assets and further acknowledge that the terms of this request are binding regardless of any other agreement(s) between myself (us) and the recipient(s) of these assets. I understand that the signatures of all CURRENT account holders, beneficiaries or authorized delegates are required and are included below.  Account Owner  Executer/Administrator  Beneficiary  Successor Trustee  Personal Rep  Custodian

Signature Print Name Date

Change of Ownership 2 IRA Distribution Request Form 2  Account Owner  Executer/Administrator  Beneficiary  Successor Trustee  Personal Rep  Custodian

Signature Print Name Date

Signature of Spouse (required if distribution is due to divorce) Signature of Spouse may be required in states if other than the account owner’s spouse are designated to receive a distribution. If you are a resident of a Community Property , it is your responsibility to know and abide by the state governing retirement account distributions. An Account Owner is deceased. Date of Death______/ ______MM/DD/YYYY Relationship to owner You may be required to provide an original certified copy of the Death Certificate when obtaining a Medallion Signature Guarantee. 5 MEDALLION SIGNATURE GUARANTEE A Medallion Signature Guarantee is required. An eligible guarantor is a domestic bank or trust company, securities broker/ dealer, clearing agency or savings association that participates in a medallion program recognized by the Securities Transfer Agents Association. The three recognized medal­lion programs are the Securities Transfer Agents Medallion Program (known as STAMP), Exchanges Medallion Program (SEMP), and the Medallion Signature Program (MSP). Medallion Signature Guarantees must be original and mailed to the address indicated on this form. Faxes will not be accepted.

Medallion Signature Guarantee Stamp HERE

Change of Ownership 3 IRA Distribution Request Form 3 CHANGE OF OWNERSHIP REQUIREMENTS Additional paperwork may be required to change ownership of an existing Legg Mason Funds account. Please contact Shareholder Services at 1-800-822-5544, Monday through Friday, 8:00 am – 5:30 pm (EST) if you have any questions or if your specific registration change is not listed below. Please note: Change of Ownership form requires a Medallion Signature Guarantee (MSG). You can obtain a Medallion Signature Guarantee from most banks, savings institutions, broker/dealers or financial institutions.

INDIVIDUAL TO JOINT ACCOUNT JOINT ACCOUNT TO INDIVIDUAL ACCOUNT DUE TO DIVORCE • Application for Investment signed by all Account Owners • Application for Investment for each Account Owner • Change of Ownership form signed by current Account Owner maintaining an account with Franklin Templeton INDIVIDUAL ACCOUNT TO ESTATE ACCOUNT DUE TO DEATH OF • Change of Ownership form signed by all Account Owners ACCOUNT OWNER • Certified Court Order that details the allocation of assets, Decedent’s assets may need to be moved into an Estate or court-issued divorce decree Account prior to allocation or distribution. • Certified original copy of Account Owner death UGMA/UTMA CUSTODIAL ACCOUNT TO INDIVIDUAL ACCOUNT certificate may need to be provided when obtaining (MINOR NOW LEGAL AGE IN STATE OF RESIDENCE) Medallion Signature Guarantee from your financial • Application for Investment signed by the former Minor institution. • Change of Ownership form signed by the Custodian or • Court Appointment Papers, Letter of Administration, former minor with Medallion Signature Guarantee or Letters of Testamentary stating the executor of the • A certified copy of the former minor’s birth certificate may Estate are required. You may need to provide this when be required to obtain a Medallion Signature Guarantee by obtaining Medallion Signature Guarantee from your your financial institution. financial institution. • If requesting to distribute the account immediately: INDIVIDUAL OR JOINT ACCOUNT TO A TRUST ACCOUNT • IRS Form W9 is required (available from www.irs.gov). • Application for Investment signed by all Trustees • If requesting to maintain the account with Franklin • Change of Ownership form signed by all Individual or Joint Templeton: Account Owners • Executor must complete and sign a Entity • First and last page of the Trust document Application to open an Estate Account REMOVING A TRUSTEE FROM A TRUST ACCOUNT DUE TO • Executor must sign the Change of Ownership form DEATH OF TRUSTEE OR RESIGNATION indicating capacity and must be Medallion Signature Guaranteed to move assets to the new account • Application for Investment signed by new Trustee(s) registered in the new Account Owner(s) name(s). • Change of Ownership form signed by new Trustee(s) • Title and signature page of the Trust document, including ESTATE ACCOUNT TO INDIVIDUAL ACCOUNT an excerpt from the Trust document that identifies the • New Account Owner(s) must complete and sign an trustees may need to be provided when obtaining Medallion Application for Investment to open a new account. Signature Gurantee from your financial institution. • Executor must sign the Change of Ownership form indicating capacity and must be a Medallion Signature IRA ACCOUNT OWNER PASSES AWAY Guaranteed to move assets to the new account registered in • IRA Application for each beneficiary the new Account Owner(s) name(s). • Change of Ownership form for each beneficiary • Certified original copy of the Account Owner’s death JOINT ACCOUNT TO INDIVIDUAL ACCOUNT DUE TO DEATH certificate may need to be provided when obtaining OF AN ACCOUNT OWNER Medallion Signature Gurantee • Application for Investment signed by the new Account Owner IRA DISTRIBUTION DUE TO DIVORCE • Change of Ownership form signed by the new • IRA Application signed by the former spouse Account Owner • Change of Ownership form signed by Account Owner • Certified copy of the Account Owner’s death certificate may and former spouse need to be provided when obtaining Medallion Signature • Certified Court Order that details the allocation of assets, Guarantee from your financial institution. or court-issued divorce decree

Change of Ownership 4 IRA Distribution Request Form 4 In the event of a fund merger or reorganization, I hereby authorize that all fund features that I have previously authorized for my account shall automatically convert to my new account in the new fund and remain in full force and effect until I notify Legg Mason of my revocation in writing. I understand that any such notification shall be effective only with respect to entries initiated after receipt of such notification and only after Legg Mason has had sufficient time to act on such notification.

CONTACT INFORMATION (INCLUDING CUSTOMER COMPLAINTS) Mail: Postal address Overnight carrier address Legg Mason Funds Legg Mason Funds P.O. Box 9699 4400 Computer Drive Providence, RI 02940-9699 Westborough, MA 01581 Phone: To speak with an investment professional regarding any of our funds, please call toll-free: 1-800-822-5544, Monday through Friday, 8:00 am – 5:30 pm (ET) Fax: 1-508-599-4186

TeleFund: To access our telephone account service, please call toll-free: 1-877-6LMFUNDS (1-877-656-3863) Internet: www.leggmason.com

An investor should consider a Fund’s investment objectives, risks, charges and expenses carefully before investing. For a free prospectus, which contains this and other information on any Legg Mason Fund, visit www.leggmason.com. An investor should read the prospectus carefully before investing.

IRA Distribution Request Form 1 © 2020 Legg Mason Investor Services, LLC, distributor. Member FINRA, SIPC. Legg Mason Investor Services, LLC is an indirect, wholly-owned subsidiary of Franklin Resources, Inc. 402141 LMFX011368 10/20

Change of Ownership 5 IRA Distribution Request Form 5