Western Asset Inflation-linked Income Fund Announces Final Results of Issuer Tender Offer for Common Shares
December 30 2020 - 8:00AM
Business Wire
Western Asset Inflation-Linked Income Fund (NYSE: WIA) (the
“Fund”) announced today the final results for its issuer tender
offer for up to 20% of the outstanding common shares (“Shares”) of
the Fund at a price equal to 99% of the Fund’s net asset value per
Share as determined as of the close of the regular trading session
of the New York Stock Exchange on December 29, 2020. The Fund’s
offer expired on Monday, December 28, 2020 at 5:00 p.m., New York
City time.
A total of 20,871,974 Shares were duly tendered and not
withdrawn. Because the number of Shares tendered exceeds 5,830,564
Shares, the tender offer is 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.
Accordingly, on a pro rata basis, approximately 27.93% of Shares
for each shareholder who properly tendered shares have been
accepted for payment. The purchase price of properly tendered
Shares is $13.99 per Share, equal to 99% of the per Share net asset
value of $ 14.13 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 31, 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.
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”)
Hard copies of the Fund’s 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 Fund.
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.
For more information, please call 1-888-777-0102 or consult the
Fund’s web site at www.lmcef.com.
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/20201230005110/en/
Media: Fund Investor Services-1-888-777-0102
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