Western Asset Inflation-Linked Income Fund Announces Preliminary Results of Issuer Tender Offer for Common Shares
December 29 2020 - 8:00AM
Business Wire
Western Asset Inflation-Linked Income Fund (NYSE: WIA) (the
“Fund”) announced today the expiration and preliminary results for
its issuer tender offer for up to 20% of the outstanding common
shares (“Shares”) of the Fund. The Fund’s tender offer expired on
Monday, December 28, 2020 at 5:00 p.m., New York City time.
Based on current information, approximately 20,871,974 Shares
were duly tendered and not withdrawn. Because the number of Shares
tendered exceeds 5,830,564 Shares, the tender offer has been
oversubscribed. Therefore, in accordance with the terms and
conditions specified in the tender offer, the Fund will purchase
Shares from all tendering shareholders on a pro rata basis,
disregarding fractions. The purchase price and final number of
Shares validly tendered and accepted pursuant to the tender offer
will be announced at a later date. The Fund expects to make cash
payments for tendered and accepted Shares at a purchase price equal
to 99% of the per Share net asset value as of the close of the
regular trading session of the New York Stock Exchange on December
29, 2020. Payment for such Shares will be made on or about December
30, 2020. Shares that were not tendered will remain
outstanding.
Any questions about the tender offer can be directed to
Georgeson LLC, the information agent for the tender offer, toll
free at 1-866-628-6021, Monday through Friday, 9 a.m. to 5 p.m.,
New York City Time.
About the Fund
Western Asset Inflation-Linked Income Fund, a diversified,
closed-end management investment company, is administered by Legg
Mason Partners Fund Advisor, LLC (“LMPFA”), is advised by Western
Asset Management Company, LLC (“Western Asset”) and is subadvised
by Western Asset Management Company Limited (“Western London”),
Western Asset Management Company Ltd (“Western Japan”) and Western
Asset Management Company Pte. Ltd. (“Western Singapore”). Each of
LMPFA, Western Asset, Western London, Western Japan and Western
Singapore is an indirect, wholly-owned subsidiary of Franklin
Resources, Inc. (“Franklin Resources”)
THIS PRESS RELEASE IS NOT A PROSPECTUS, CIRCULAR OR
REPRESENTATION INTENDED FOR USE IN THE PURCHASE OR SALE OF FUND
SHARES. THIS PRESS RELEASE MAY CONTAIN STATEMENTS REGARDING PLANS
AND EXPECTATIONS FOR THE FUTURE THAT CONSTITUTE FORWARD-LOOKING
STATEMENTS WITHIN THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995. ALL STATEMENTS OTHER THAN STATEMENTS OF HISTORICAL FACT ARE
FORWARD-LOOKING AND CAN BE IDENTIFIED BY THE USE OF WORDS SUCH AS
“MAY,” “WILL,” “EXPECT,” “ANTICIPATE,” “ESTIMATE,” “BELIEVE,”
“CONTINUE” OR OTHER SIMILAR WORDS. SUCH FORWARD-LOOKING STATEMENTS
ARE BASED ON THE FUND’S CURRENT PLANS AND EXPECTATIONS, AND ARE
SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS
TO DIFFER MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING
STATEMENTS. ADDITIONAL INFORMATION CONCERNING SUCH RISKS AND
UNCERTAINTIES ARE CONTAINED IN THE FUND’S FILINGS WITH THE
SECURITIES AND EXCHANGE COMMISSION
Additional information regarding the matters addressed in the
press release may be announced subsequently via press release,
which can be accessed at www.lmcef.com. 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 Fund.
For more information about the Fund, please call Investor
Relations: 1-888-777-0102, or consult the Fund’s web site at
www.lmcef.com. The information contained on the Fund’s web site is
not part of this press release. Hard copies of the Fund’s complete
audited financial statements are available free of charge upon
request.
Category: Fund Announcement
Source: Franklin Resources, Inc.
Source: Legg Mason Closed End Funds
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version on businesswire.com: https://www.businesswire.com/news/home/20201229005138/en/
Media Contact: Fund Investor Services-1-888-777-0102
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