Legg Mason Partners Fund Advisor, LLC Announces Distributions for Certain Closed-End Funds Pursuant to their Managed Distribution Policy for the Months of March, April and May 2022

Rhea-AI Summary

Legg Mason Partners Fund Advisor, LLC announced distributions for closed-end funds under its managed distribution policy for March to May 2022. Key dates include March 24 for record, March 23 as ex-dividend, and March 31 for payable. The Western Asset Inflation-Linked Income Fund (WIA) will distribute $0.03900 in March and a special $0.17200. Meanwhile, the Western Asset Inflation-Linked Opportunities & Income Fund (WIW) will distribute $0.04850 and a special $0.06500 in March. Distributions may be adjusted based on the funds' net investment income and capital gains.

Positive

• Regular distributions confirmed for WIA and WIW, ensuring continued income flow to shareholders.
• Special distributions indicate strong capital gains performance.

Negative

• Managed distribution policy may lead to 'return of capital' if net income is insufficient, potentially affecting shareholder value.
• Board of Trustees reserves the right to modify or suspend the distribution policy, which could negatively impact market price.

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 March, April and May 2022.

The following dates apply to the distribution schedule below:

Month	Record Date	Ex-Dividend Date	Payable Date
March	3/24/2022	3/23/2022	3/31/2022
April	4/22/2022	4/21/2022	4/29/2022
May	5/23/2022	5/20/2022	5/31/2022

Ticker		Fund Name		Month		Amount				Change from Previous Distribution
WIA		Western Asset Inflation-Linked Income Fund (a)		March		$0.03900		(b)		-
				March		$0.17200		(b)
				April		$0.03900
				May		$0.03900
WIW		Western Asset Inflation-Linked Opportunities & Income Fund (a)		March		$0.04850		(c)		-
				March		$0.06500		(c)
				April		$0.04850
				May		$0.04850

1. Please see table below for each Fund’s estimated source of distributions.
2. Western Asset Inflation-Linked Income Fund’s (WIA) March distribution consists of the regular monthly distribution of $0.03900 per share and a special distribution of $0.17200 per share.
3. Western Asset Inflation-Linked Opportunities & Income Fund’s (WIW) March distribution consists of the regular monthly distribution of $0.04850 per share and a special distribution of $0.06500 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		74.83%		21.92 %		3.25%		-		(a)

1. Sources of cumulative fiscal year-to-date distributions are estimated through May 31, 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).

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/20220216005576/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 in March 2022?

WIA will distribute $0.03900 per share in March 2022.

When is the ex-dividend date for WIW's April 2022 distribution?

The ex-dividend date for WIW's April 2022 distribution is April 21, 2022.

What is the record date for the May 2022 distribution for WIA?

The record date for WIA's May 2022 distribution is May 23, 2022.

How often do WIA and WIW distribute dividends?

WIA and WIW distribute dividends monthly under their managed distribution policy.

What could affect the distributions of WIA and WIW?

Distributions may be affected by the funds' net investment income and realized capital gains.