Company Announcements

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 2021

NEW YORK--(BUSINESS WIRE)--May 26, 2021-- 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 2021.

The following dates apply to the distribution schedule below:

Month

   

Record Date

   

Ex-Dividend Date

   

Payable Date

June

   

6/23/2021

   

6/22/2021

   

6/30/2021

July

   

7/23/2021

   

7/22/2021

   

7/30/2021

August

   

8/24/2021

   

8/23/2021

   

8/31/2021

September

   

9/23/2021

   

9/22/2021

   

9/30/2021

October

   

10/22/2021

   

10/21/2021

   

10/29/2021

November

   

11/22/2021

   

11/19/2021

   

11/30/2021

Ticker

Fund Name

Month

Amount

 

 

Change from Previous Distribution

WIA

Western Asset Inflation-Linked Income Fund

June

$0.03400

 

$0.0025

 

 

July

$0.03400

 

 

 

 

 

August

$0.14800

 

(a)

 

 

 

September

$0.03400

 

 

 

 

 

October

$0.03400

 

 

 

November

$0.03400

 

 

WIW

Western Asset Inflation-Linked Opportunities & Income Fund**

June

$0.03600

 

$0.0030

 

July

$0.03600

 

 

 

 

 

August

$0.03600

 

 

 

September

$0.03600

 

 

  1. Western Asset Inflation-Linked Income Fund’s (WIA) August distribution of $0.14800 per share is composed of the regular monthly distribution of $0.03400 per share and a special distribution of $0.11400 per share.

**The October and November distributions for the Western Asset Inflation-Linked Opportunities & Income Fund (WIW) will be declared at the next board meeting.

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 Funds’ shares.

The Funds’ distributions have been set based on the current level of income generated from the Funds’ investment portfolio and accumulated capital gains, if any. Based on the Funds’ tax accounting records, which also factors 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

 

3.99%

 

62.06%

 

33.96%

 

-

(a)

WIW

Nov 30

 

77.08%

 

14.91%

 

8.01%

 

-

(b)

  1. Sources of cumulative fiscal year-to-date distributions are estimated through November 30, 2021.
  2. Sources of cumulative fiscal year-to-date distributions are estimated through September 30, 2021.

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 2022, 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’ web site at www.lmcef.com. 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.

Category: Distribution Related

Source: Franklin Resources, Inc.

Source: Legg Mason Closed End Funds

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

Source: Franklin Resources, Inc. and Legg Mason Closed End Funds