Legg Mason Partners Fund Advisor, LLC Announces Distributions for Certain Closed-End Funds Pursuant to their Managed Distribution Policy for the Months of October and November 2021
September 27 2021 - 8:00AM
Business Wire
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 October and
November 2021.
The following dates apply to the distribution schedule
below:
Month
Record Date
Ex-Dividend Date
Payable Date
October
10/22/2021
10/21/2021
10/29/2021
November
11/22/2021
11/19/2021
11/30/2021
Ticker
Fund Name
Month
Amount
Change from Previous
Distribution
WIW
Western Asset Inflation-Linked
Opportunities & Income Fund
October
$0.04350
$0.0075
November
$0.04350
Pursuant to its managed distribution policy, the 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 the 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.
The 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
WIW
Nov 30
80.70%
15.40%
3.90%
-
(a)
(a) Sources of cumulative fiscal year-to-date distributions are
estimated through November 30, 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 the Fund’s distributions
that have been declared by the Board of Trustees. In early 2022,
after definitive information is available, the Fund will send
shareholders a Form 1099-DIV, if applicable, specifying how the
distributions paid by the 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.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
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version on businesswire.com: https://www.businesswire.com/news/home/20210927005308/en/
Investor Contact: Fund Investor Services
1-888-777-0102
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