Franklin Templeton Fund Adviser, LLC Announces Distributions for Certain Closed-End Funds Pursuant to their Managed Distribution Policy for the Months of December 2024, January and February 2025

Rhea-AI Summary

Franklin Templeton Fund Adviser has announced distribution schedules for certain closed-end funds covering December 2024, January and February 2025. The distributions affect two funds: Western Asset Inflation-Linked Income Fund (WIA) with monthly distributions of $0.05000, and Western Asset Inflation-Linked Opportunities & Income Fund (WIW) with monthly distributions of $0.06050. The distributions maintain consistent levels derived from income and capital gains, with both funds showing 100% income sources for their fiscal year-to-date distributions through February 28, 2025. The distributions will be paid on December 31, 2024, January 31, 2025, and February 28, 2025, respectively.

NEW YORK--(BUSINESS WIRE)-- Franklin Templeton Fund Adviser, LLC announced today that certain closed-end funds have declared their distributions pursuant to their managed distribution policy for the months of December 2024, January and February 2025.

The following dates apply to the distribution schedule below:

Month	Record Date	Ex-Dividend Date	Payable Date
December	12/23/2024	12/23/2024	12/31/2024
January	1/24/2025	1/24/2025	1/31/2025
February	2/21/2025	2/21/2025	2/28/2025

Ticker	Fund Name	Month	Amount	Change from Previous Distribution
WIA	Western Asset Inflation-Linked Income Fund(a)	December	$0.05000	-
		January	$0.05000
		February	$0.05000
WIW	Western Asset Inflation-Linked Opportunities	December	$0.06050	-
	& Income Fund(a)	January	$0.06050
		February	$0.06050
Please see table below for each Fund’s estimated source of distributions.

Under the terms of each Fund’s managed distribution policy, each Fund seeks to maintain a consistent distribution level derived from the income and capital gains generated from the Fund’s investment portfolio. To the extent that sufficient distributable income is not available on a monthly basis, each Fund will distribute long-term capital gains and/or return of capital in order to maintain its managed distribution rate. A return of capital may occur, for example, when some or all of the money that was invested in the Fund is paid back to shareholders. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income”. Even though the Fund may realize current year capital gains, such gains may be offset, in whole or in part, by the Fund’s capital loss carryovers from prior years. 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.

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)
Sources of cumulative fiscal year-to-date distributions are estimated through February 28, 2025.

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.

Shareholders should not draw any conclusions about each Fund’s investment performance from the amount of these distributions or from the terms of each Fund’s managed distribution policy. The amounts and sources of each Fund’s distributions to be reported will be estimates and will not be provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon each Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. Each 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.

Franklin Templeton Fund Adviser, 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/20241125439322/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 funds for December 2024-February 2025?

WIA (Western Asset Inflation-Linked Income Fund) will distribute $0.05000 per share, while WIW (Western Asset Inflation-Linked Opportunities & Income Fund) will distribute $0.06050 per share for each month during December 2024-February 2025.

What are the payment dates for Franklin Templeton's closed-end fund distributions in early 2025?

The payment dates are December 31, 2024, for December's distribution, January 31, 2025, for January's distribution, and February 28, 2025, for February's distribution.

What is the source of distributions for WIA and WIW funds through February 2025?

Both funds show 100% of their distributions coming from income sources for their fiscal year-to-date distributions through February 28, 2025, with no distributions from capital gains or return of capital.

Have the distribution amounts changed from previous distributions for WIA and WIW?

No, there were no changes in the distribution amounts from previous distributions for either WIA or WIW funds.