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

Rhea-AI Summary

Legg Mason Partners Fund Advisor, LLC has announced the distributions for certain closed-end funds for the months of June to November 2023. The distributions consist of regular monthly distributions and special distributions. Each fund's estimated source of distributions is also provided.

Positive

• Legg Mason Partners Fund Advisor, LLC has declared distributions for certain closed-end funds for the months of June to November 2023. These distributions include regular monthly distributions and special distributions, which could positively impact the stock price.

Negative

• None.

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 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

View source version on businesswire.com: https://www.businesswire.com/news/home/20230517005428/en/

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

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

FAQ

What are the distributions for the closed-end funds?

The closed-end funds have declared distributions for the months of June to November 2023. These distributions include regular monthly distributions and special distributions.

How will the distributions affect the stock price?

The distributions could have a positive impact on the stock price, as they provide income to shareholders.

What is the estimated source of the distributions?

The estimated source of the distributions is based on the current level of income generated from the fund's investment portfolio and accumulated income and capital gains.

Can the managed distribution policy be modified or terminated?

Yes, the Board of Trustees may modify, terminate, or suspend the managed distribution policy at any time, which could have an adverse effect on the market price of the fund's shares.

Where can I find more information about the funds?

For more information about the funds, you can call 1-888-777-0102 or visit the funds' website at www.franklintempleton.com/investments/options/closed-end-funds.