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 2022

Rhea-AI Summary

Legg Mason Partners Fund Advisor, LLC announced distribution declarations for closed-end funds WIA and WIW for June to November 2022. Monthly payouts include $0.04500 for WIA and $0.05500 for WIW. Key dates are provided: record dates, ex-dividend dates, and payable dates. Distributions may include return of capital if investment income is insufficient. Share prices fluctuate and can trade at a discount to net asset value, increasing risks. Franklin Resources, the parent company of Legg Mason, is highlighted.

Positive

• Regular monthly distributions for WIA ($0.04500) and WIW ($0.05500) indicate consistent income generation.
• Clear schedule of distributions enhances investor transparency.

Negative

• Distributions may include a return of capital, which could signal insufficient investment income.
• Potential for share prices to trade at a discount to net asset value increases investment risk.

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 2022.

The following dates apply to the distribution schedule below:

Month		Record Date		Ex-Dividend Date		Payable Date
June		6/23/2022		6/22/2022		6/30/2022
July		7/22/2022		7/21/2022		7/29/2022
August		8/24/2022		8/23/2022		8/31/2022
September		9/23/2022		9/22/2022		9/30/2022
October		10/24/2022		10/21/2022		10/31/2022
November		11/22/2022		11/21/2022		11/30/2022

Ticker		Fund Name		Month		Amount				Change from Previous Distribution
WIA		Western Asset Inflation-Linked Income Fund (a)		June		$0.04500		(b)		$0.00600
				June		$0.20200		(b)
				July		$0.04500
				August		$0.04500
				September		$0.04500		(b)
				September		$0.20200		(b)
				October		$0.04500
				November		$0.04500
WIW		Western Asset Inflation-Linked Opportunities & Income Fund (a)		June		$0.05500		(c)		$0.00650
				June		$0.10000		(c)
				July		$0.05500
				August		$0.05500
				September		$0.05500		(c)
				September		$0.10000		(c)
				October		$0.05500
				November		$0.05500

(a)		Please see table below for each Fund’s estimated source of distributions.
(b)		Western Asset Inflation-Linked Income Fund’s (WIA) June and September 2022 distributions consists of the regular monthly distribution of $0.04500 per share and a special distribution of $0.20200 per share.
(c)		Western Asset Inflation-Linked Opportunities & Income Fund’s (WIW) June and September distributions consists of the regular monthly distribution of $0.05500 per share and a special distribution of $0.10000 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 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		68.28%		30.72 %		1.00%		-	(a)
WIW	Nov 30		75.32%		21.49 %		3.19%		-	(a)

(a)

Sources of cumulative fiscal year-to-date distributions are estimated through November 30, 2022.

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 2023, 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).

The Funds’ common shares are traded on the New York Stock Exchange. Similar to stocks, Fund share prices 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.

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.

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/20220517005680/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 WIA and WIW for 2022?

WIA has a distribution of $0.04500 and WIW has $0.05500 for the months of June to November 2022.

When are the ex-dividend dates for WIA and WIW?

Ex-dividend dates for WIA are June 22, July 21, August 23, September 22, October 21, and November 21, 2022. For WIW, the dates are the same.

What is the impact of the managed distribution policy on WIA and WIW?

The managed distribution policy allows for regular distributions but may include return of capital if net investment income is insufficient.

How does the return of capital affect shareholders of WIA and WIW?

Return of capital can impact the perceived value of investments and may have tax implications for shareholders.

What are the risks for investing in WIA and WIW?

Investors face risks of fluctuating share prices and potential trading at a discount to net asset value.