Legg Mason Partners Fund Advisor, LLC Announces Distributions for Certain Closed-End Funds Pursuant to their Managed Distribution Policy for the Months of October and November 2021

Rhea-AI Summary

Legg Mason Partners Fund Advisor, LLC has announced the monthly distributions for its closed-end funds under the managed distribution policy for October and November 2021. The Western Asset Inflation-Linked Opportunities & Income Fund (WIW) will distribute $0.04350 per share for both months. Key dates include the record date on 10/22/2021 for October and 11/22/2021 for November. The managed distribution policy may change, potentially affecting the market price of the shares.

Positive

• WIW maintains consistent monthly distribution amount of $0.04350, indicating stable income generation.
• Distributions are based on current income from the investment portfolio and capital gains.

Negative

• Managed distribution policy may involve a return of capital if net investment income falls short.
• Board of Trustees can modify or suspend the distribution policy, which could negatively impact share prices.

NEW YORK--(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 October and November 2021.

The following dates apply to the distribution schedule below:

Month	Record Date	Ex-Dividend Date	Payable Date
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
WIW	Western Asset Inflation-Linked Opportunities & Income Fund	October	$0.04350		$0.0075
		November	$0.04350

Pursuant to its managed distribution policy, the 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 the 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.

The Fund’s distributions have been set based on the current level of income generated from the Fund’s 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
WIW	Nov 30		80.70%		15.40%		3.90%		-	(a)

(a) Sources of cumulative fiscal year-to-date distributions are estimated through November 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 the Fund’s distributions that have been declared by the Board of Trustees. In early 2022, after definitive information is available, the Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by the 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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210927005308/en/

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

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

FAQ

What are the distribution amounts for WIW in October and November 2021?

The Western Asset Inflation-Linked Opportunities & Income Fund (WIW) will distribute $0.04350 per share for both October and November 2021.

What are the key dates for the WIW fund distributions?

The record date for October is 10/22/2021, the ex-dividend date is 10/21/2021, and the payable date is 10/29/2021. For November, the record date is 11/22/2021, the ex-dividend date is 11/19/2021, and the payable date is 11/30/2021.

How does the managed distribution policy work for WIW?

The managed distribution policy indicates regular monthly distributions at a fixed rate, which may be adjusted by the Board of Trustees. If distributions exceed net investment income, the shortfall may come from net assets.

What could happen if the managed distribution policy is modified?

If the Board of Trustees modifies or suspends the managed distribution policy, it may adversely affect the market price of WIW shares.