Legg Mason Partners Fund Advisor, LLC Announces Distributions for Certain Closed-End Funds Pursuant to their Managed Distribution Policy for the Months of June, July, August, September, October, and November 2022

NEW YORK--()--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 June, July, August, September, October, and November 2022.

The following dates apply to the distribution schedule below:

Month

Record Date

Ex-Dividend Date

Payable Date

June

6/23/2022

6/22/2022

6/30/2022

July

7/22/2022

7/21/2022

7/29/2022

August

8/24/2022

8/23/2022

8/31/2022

September

9/23/2022

9/22/2022

9/30/2022

October

10/24/2022

10/21/2022

10/31/2022

November

11/22/2022

11/21/2022

11/30/2022

Ticker

Fund Name

Month

Amount

 

Change
from
Previous
Distribution

WIA

Western Asset Inflation-Linked Income Fund (a)

June

$0.04500

(b)

$0.00600

 

 

June

$0.20200

(b)

 

 

 

July

$0.04500

 

 

 

 

August

$0.04500

 

 

 

 

September

$0.04500

(b)

 

 

 

September

$0.20200

(b)

 

 

 

October

$0.04500

 

 

November

$0.04500

WIW

Western Asset Inflation-Linked Opportunities & Income Fund (a)

June

$0.05500

(c)

$0.00650

 

June

$0.10000

(c)

 

 

July

$0.05500

 

 

 

August

$0.05500

 

 

 

September

$0.05500

(c)

 

 

September

$0.10000

(c)

 

 

October

$0.05500

 

 

November

$0.05500

(a)  

Please see table below for each Fund’s estimated source of distributions.

(b)  

Western Asset Inflation-Linked Income Fund’s (WIA) June and September 2022 distributions consists of the regular monthly distribution of $0.04500 per share and a special distribution of $0.20200 per share.

(c)  

Western Asset Inflation-Linked Opportunities & Income Fund’s (WIW) June and September distributions consists of the regular monthly distribution of $0.05500 per share and a special distribution of $0.10000 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

 

75.32%

 

21.49 %

 

3.19%

 

-

(a)

(a)  

Sources of cumulative fiscal year-to-date distributions are estimated through November 30, 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).

The Funds’ common shares are traded on the New York Stock Exchange. Similar to stocks, Fund share prices 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.

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

Contacts

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

Release Summary

Category: Distribution Related

Contacts

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