Legg Mason Partners Fund Advisor, LLC Announces Distributions for Certain Closed-End Funds Pursuant to their Managed Distribu...
December 11 2020 - 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 December
2020, January and February 2021.
The following dates apply to the distribution schedule
below:
Month
Record Date
Ex-Dividend Date
Payable Date
December (a)
12/23/2020
12/22/2020
12/31/2020
January
1/22/2021
1/21/2021
1/29/2021
February
2/19/2021
2/18/2021
2/26/2021
Ticker
Fund Name
Month
Amount
Change from Previous
Distribution
WIA
Western Asset Inflation-Linked Income
Fund
December
$0.02950
-
December
$0.40000
(a)
January
$0.02950
February
$0.02950
WIW
Western Asset Inflation-Linked
Opportunities & Income Fund
December
$0.03100
-
January
$0.03100
February
$0.03100
- Western Asset Inflation-Linked Income Fund (“WIA”) is
distributing a special dividend of $0.40000 per common share
payable December 31, 2020 to shareholders of record as of December
23, 2020 with an Ex-Dividend date of December 22, 2020.
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
-
60.00%
40.00%
-
(b)
WIW
Nov 30
100.00%
-
-
-
(b)
(b) Sources of cumulative fiscal year-to-date distributions are
estimated through February 28, 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 each Fund’s distributions
that have been declared by the Board of Trustees. In early 2021 and
early 2022, 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).
On July 31, 2020, Franklin Resources, Inc. (“Franklin
Resources”) acquired Legg Mason, Inc. (“Legg Mason”) in an all-cash
transaction. As a result of the transaction, Legg Mason Partners
Fund Advisor, LLC, previously a wholly-owned subsidiary of Legg
Mason, became a wholly-owned subsidiary of 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 Templeton
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version on businesswire.com: https://www.businesswire.com/news/home/20201211005194/en/
Investor Contact: Fund Investor Services
1-888-777-0102
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