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 2021

Rhea-AI Summary

Legg Mason Partners Fund Advisor has announced the distribution declarations for its closed-end funds following their managed distribution policy for March, April, and May 2021. The funds include WIA and WIW, with distribution amounts of $0.03150 and $0.03300 respectively. Key dates include record dates set for March 24, April 23, and May 21, with the payable dates on March 31, April 30, and May 28, 2021. The board of trustees may adjust the distribution amounts, and if the funds' net income and realized gains are insufficient, the difference may be distributed from net assets.

Positive

• Monthly distributions announced for WIA and WIW, suggesting a steady income for shareholders.
• Funds have maintained their distribution rates without reduction for March, April, and May.

Negative

• Distributions may constitute a return of capital, which could negatively impact shareholders in the long term.
• Potential adjustments to distribution rates may occur, leading to uncertainty for investors.

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 2021.

The following dates apply to the distribution schedule below:

Month	Record Date	Ex-Dividend Date	Payable Date
March	3/24/2021	3/23/2021	3/31/2021
April	4/23/2021	4/22/2021	4/30/2021
May	5/21/2021	5/20/2021	5/28/2021

Ticker	Fund Name	Month	Amount		Change from Previous Distribution
WIA	Western Asset Inflation-Linked Income Fund	March	$0.03150		0.0020
		April	$0.03150
		May	$0.03150
WIW	Western Asset Inflation-Linked Opportunities & Income Fund	March	$0.03300		0.0020
		April	$0.03300
		May	$0.03300

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 Funds’ shares.

The Funds’ distributions have been set based on the current level of income generated from the Funds’ 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		-		63.89%		36.11%		-	(a)
WIW	Nov 30		57.28%		21.60%		21.12%		-	(a)
(a) Sources of cumulative fiscal year-to-date distributions are estimated through May 31, 2021.

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 2022, 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).

For more information about the Funds, please call 1-888-777-0102 or consult the Funds’ web site at www.lmcef.com. 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/20210217005437/en/

FAQ

What are the distribution amounts for WIA in March, April, and May 2021?

WIA will distribute $0.03150 for March, April, and May 2021.

What are the record and payable dates for the distributions of WIA?

The record date for WIA is March 24 for March distribution, and payable date is March 31, 2021.

When will the distributions for WIW be paid?

WIW's distributions will be payable on March 31, April 30, and May 28, 2021.

What does it mean if the distributions are a return of capital?

A return of capital indicates that the distribution may not be fully sourced from the fund's income and capital gains, affecting the overall investment.

What could lead to changes in the distribution policy for WIA and WIW?

The Board of Trustees may modify, terminate, or suspend the managed distribution policy based on fund performance and income levels.