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Press release content from Business Wire. The AP news staff was not involved in its creation.
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Press release content from Business Wire. The AP news staff was not involved in its creation.

Legg Mason Partners Fund Advisor, LLC Announces Distributions for Certain Closed-End Funds Pursuant to their Managed Distribution Policy for the Months of December 2021, January and February 2022

November 24, 2021 GMT

NEW YORK--(BUSINESS WIRE)--Nov 24, 2021--

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 December 2021, January and February 2022.

The following dates apply to the distribution schedule below:

Month

Record Date

Ex-Dividend Date

Payable Date

December

12/23/2021

12/22/2021

12/31/2021

January

1/24/2022

1/21/2022

1/31/2022

February

2/18/2022

2/17/2022

2/28/2022

Ticker

Fund Name

Month

Amount

 

Change from Previous Distribution

WIA

Western Asset Inflation-Linked Income Fund

December

$0.93900

(a)

0.0050

 

 

January

$0.03900

 

 

February

$0.03900

WIW

Western Asset Inflation-Linked Opportunities & Income Fund

December

$0.54850

(b)

0.0050

 

January

$0.04850

 

 

February

$0.04850

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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

 

74.64%

 

25.36 %

 

-

 

-

(a)

WIW

Nov 30

 

80.05%

 

14.84 %

 

5.11%

 

-

(a)

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 and 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’ web site 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/20211124005942/en/

Investors: Fund Investor Services 1-888-777-0102

KEYWORD: NEW YORK UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE

SOURCE: Franklin Resources, Inc. and Legg Mason Closed End Funds

Copyright Business Wire 2021.

PUB: 11/24/2021 08:45 AM/DISC: 11/24/2021 08:46 AM

http://www.businesswire.com/news/home/20211124005942/en