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Legg Mason Partners Fund Advisor, LLC Announces Distributions for Certain Closed-End Funds Pursuant to their Managed Distribution Policy for the Months of June, July, August, September, October and November 2023

By: via Business Wire

Legg Mason Partners Fund Advisor, LLC announced today that certain closed-end funds have declared their distributions pursuant to their managed distribution policy for the months of June, July, August, September, October and November 2023.

The following dates apply to the distribution schedule below:

Month

 

Record Date

 

Ex-Dividend Date

 

Payable Date

June

 

6/23/2023

 

6/22/2023

 

6/30/2023

July

 

7/24/2023

 

7/21/2023

 

7/31/2023

August

 

8/24/2023

 

8/23/2023

 

8/31/2023

September

 

9/22/2023

 

9/21/2023

 

9/29/2023

October

 

10/24/2023

 

10/23/2023

 

10/31/2023

November

 

11/22/2023

 

11/21/2023

 

11/30/2023

Ticker

 

Fund Name

 

Month

 

Amount

 

 

Change from

Previous

Distribution

WIA

 

Western Asset Inflation-Linked Income Fund (a)

 

June

 

$0.05000

(b)

 

-

 

 

 

 

June

 

$0.10000

(b)

 

 

 

 

 

 

July

 

$0.05000

 

 

 

 

 

 

 

August

 

$0.05000

 

 

 

 

 

 

 

September

 

$0.05000

(c)

 

 

 

 

 

 

September

 

$0.10000

(c)

 

 

 

 

 

 

October

 

$0.05000

 

 

 

   

November

 

$0.05000

 

WIW

 

Western Asset Inflation-Linked Opportunities & Income Fund (a)

 

June

 

$0.06050

(d)

 

-

 

   

June

 

$0.05800

(d)

 

 

 

   

July

 

$0.06050

 

 

 

 

   

August

 

$0.06050

 

 

 

 

   

September

 

$0.06050

(e)

 

 

 

   

September

 

$0.05800

(e)

 

 

 

   

October

 

$0.06050

 

 

 

   

November

 

$0.06050

 
  1. Please see table below for each Fund’s estimated source of distributions.
  2. Western Asset Inflation-Linked Income Fund’s (WIA) June 2023 distribution consists of the regular monthly distribution of $0.05000 per share and a special distribution of $0.10000 per share.
  3. Western Asset Inflation-Linked Income Fund’s (WIA) September 2023 distribution consists of the regular monthly distribution of $0.05000 per share and a special distribution of $0.10000 per share.
  4. Western Asset Inflation-Linked Opportunities & Income Fund’s (WIW) June 2023 distribution consists of the regular monthly distribution of $0.06050 per share and a special distribution of $0.05800 per share.
  5. Western Asset Inflation-Linked Opportunities & Income Fund’s (WIW) September 2023 distribution consists of the regular monthly distribution of $0.06050 per share and a special distribution of $0.05800 per share.

Pursuant to its managed distribution policy, each Fund intends to make regular monthly distributions to shareholders at a fixed rate per common share, which rate may be adjusted from time to time by the Fund’s Board of Trustees. Under each Fund’s managed distribution policy, if, for any monthly distribution, the value of the Fund’s net investment income and net realized capital gain is less than the amount of the distribution, the difference will be distributed from the Fund’s net assets (and may constitute a “return of capital”). The Board of Trustees may modify, terminate or suspend the managed distribution policy at any time. Any such modification, termination or suspension could have an adverse effect on the market price of the Fund’s shares.

Each Fund’s distributions have been set based on the current level of income generated from the Fund’s investment portfolio and accumulated income and capital gains, if any. Based on the Funds’ tax accounting records, which also factor in currency fluctuations, each Fund’s estimated source of cumulative fiscal year-to-date distributions is presented in the table below:

Fund

 

Fiscal Year

End

 

Income

 

Short-Term

Capital

Gains

 

Long-Term

Capital

Gains

 

Return

of

Capital

 

 

WIA

 

Nov 30

 

100.00%

 

-

 

-

 

-

 

(a)

WIW

 

Nov 30

 

100.00%

 

-

 

-

 

-

 

(a)

  1. Sources of cumulative fiscal year-to-date distributions are estimated through November 30, 2023.

The updated estimated components of the distributions announced today will be provided to shareholders of record in a separate notice when the distributions are paid.

This press release is not for tax reporting purposes but is being provided to announce the amount of each Fund’s distributions that have been declared by the Board of Trustees. In early 2024, after definitive information is available, each Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by each Fund during the prior calendar year should be characterized for purposes of reporting the distributions on a shareholder’s tax return (e.g., ordinary income, long-term capital gain or return of capital).

Legg Mason Partners Fund Advisor, LLC is an indirect, wholly-owned subsidiary of Franklin Resources, Inc. (“Franklin Resources”).

For more information about the Funds, please call 1-888-777-0102 or consult the Funds’ website at www.franklintempleton.com/investments/options/closed-end-funds. Hard copies of the Funds’ complete audited financial statements are available free of charge upon request.

Data and commentary provided in this press release are for informational purposes only. Franklin Resources and its affiliates do not engage in selling shares of the Funds.

The Funds’ common shares are traded on the New York Stock Exchange. Similar to stocks, Fund share price will fluctuate with market conditions and, at the time of sale, may be worth more or less than the original investment. Shares of closed-end funds often trade at a discount to their net asset value, and can increase an investor’s risk of loss. All investments are subject to risk, including the risk of loss.

INVESTMENT PRODUCTS: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

Category: Distribution Related

Source: Franklin Resources, Inc.

Source: Legg Mason Closed End Funds

Contacts

Investors: Fund Investor Services 1-888-777-0102

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