Western Asset Inflation-Linked Opportunities & Income Fund (WIW or “the Fund”; CUSIP: 95766R104) Announces Notification of Sources of Distributions
Western Asset Inflation-Linked Opportunities & Income Fund (NYSE: WIW) announced its estimated sources of distributions for June 2024 and the fiscal year-to-date. As of May 31, 2024, the distribution per share for June is $0.0605, fully derived from net investment income. Year-to-date, the distribution per share is $0.3630, also entirely from net investment income. The Fund highlights that these distributions may include a return of capital. Average annual total return for the five-year period ending May 31, 2024, is 1.84%, with an annualized distribution rate of 7.32% and a cumulative total return of 3.70%. The Fund's managed distribution policy aims to provide consistent monthly payouts, which may include net investment income, realized capital gains, and return of capital. Shareholders will receive Form 1099-DIV for tax reporting. The Fund's Board may alter the distribution policy, impacting share prices.
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Notification of Sources of Distributions
Pursuant to Section 19(a) of the Investment Company Act of 1940
The Fund’s estimated sources of the distribution to be paid on June 28, 2024, and for the fiscal year 2024 year-to-date are as follows:
Estimated Allocations for the June Monthly Distribution as of May 31, 2024:
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Return of
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Cumulative Estimated Allocations fiscal year-to-date as of May 31, 2024, for the fiscal year ending November 30, 2024:
Distribution
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Net Investment
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Net Realized
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Net Realized
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Return of
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Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution or from the terms of the Plan. WIW estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of the WIW distribution to shareholders may be a return of capital. A return of capital may occur, for example, when some or all of the money that a shareholder invested in a Fund is paid back to them. A return of capital distribution does not necessarily reflect WIW’s investment performance and should not be confused with ‘yield’ or ‘income’. The amounts and sources of distributions reported herein are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send a Form 1099-DIV to shareholders for the calendar year that will describe how to report the Fund’s distributions for federal income tax purposes.
Average Annual Total
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Annualized
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Cumulative Total
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Cumulative Fiscal
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Fund Performance and Distribution Rate Information:
- Average Annual Total Return in relation to NAV represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ended through May 31, 2024. Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.
- The Annualized Distribution Rate is the current fiscal period’s distribution rate annualized as a percentage of the Fund’s NAV as of May 31, 2024.
- Cumulative Total Return is the percentage change in the Fund’s NAV from November 30, 2023 through May 31, 2024, assuming reinvestment of distributions paid.
- The Cumulative Fiscal Year-To-Date Distribution Rate is the dollar value of distributions for the fiscal period November 30, 2023 through May 31, 2024, as a percentage of the Fund’s NAV as of May 31, 2024.
This Fund has a managed distribution policy that seeks to deliver the Fund’s long-term total return potential through regular monthly distributions declared at a fixed rate per common share. Distributions may be paid in part or in full from net investment income, realized capital gains and by returning capital, or a combination thereof. Shareholders should note, however, that if a Fund’s aggregate net investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund’s assets and will constitute a return of the shareholder’s capital. A return of capital is not taxable; rather it reduces a shareholder’s tax basis in his or her shares of the Fund. The Board of Directors of the Fund may 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.
For further information on Western Asset Inflation-Linked Opportunities & Income Fund, please visit our web site at: www.franklintempleton.com/investments/options/closed-end-funds
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/20240628100635/en/
Investor Contact: Fund Investor Services 1-888-777-0102
Source: Franklin Resources, Inc. and Legg Mason Closed End Funds
FAQ
What are the estimated sources of distributions for WIW in June 2024?
What is the cumulative fiscal year-to-date distribution per share for WIW as of May 31, 2024?
What is the average annual total return of WIW for the five-year period ending May 31, 2024?
What is the annualized distribution rate for WIW as of May 31, 2024?
What should shareholders understand about the return of capital in WIW distributions?
When will shareholders receive Form 1099-DIV for WIW distributions?
Can WIW's managed distribution policy change, and how might it impact shareholders?
