Western Asset Inflation-Linked Income Fund reports recurring news centered on closed-end fund distributions under a managed distribution policy. Announcements identify scheduled record, ex-dividend, and payable dates for WIA, along with regular monthly distribution amounts and, in some periods, special distributions.
Company news also describes estimated sources of distributions based on fund tax accounting records, portfolio income, accumulated income, capital gains, and currency effects. The fund’s common shares are described as NYSE-traded closed-end fund shares that may trade above or below net asset value.
The Western Asset Inflation-Linked Income Fund (NYSE: WIA) has announced details regarding its cash tender offer for up to 20% of its outstanding common shares. The offer, initiated on November 25, 2020, will conclude at 5:00 p.m. EST on December 28, 2020, unless extended. Shares will be purchased at 99% of the Fund's net asset value as of the following business day. In case of oversubscription, repurchases will occur on a pro rata basis. Shareholders are advised to review related documents filed with the SEC for crucial details. No assurance can be given that the tender will address market price discounts.
Western Asset Inflation-Linked Income Fund (NYSE: WIA) has announced a cash tender offer for up to 20% of its outstanding shares at 99% of the net asset value following the expiration of the offer. This decision follows a Standstill Agreement with Karpus Investment Management, which has committed to vote its shares in line with the Fund’s Board recommendations. The tender offer's detailed commencement date will be provided later, and this announcement does not constitute a solicitation. There is no guarantee that the tender offer will affect the discount between market price and net asset value.
Western Asset Inflation-Linked Income Fund (WIA) announced that shareholders approved new management and subadvisory agreements at a Special Meeting. This decision follows the acquisition of Legg Mason Inc. by Franklin Resources, resulting in the automatic termination of previous agreements. The new agreements ensure uninterrupted management services, effective immediately. Franklin Resources acquired Legg Mason in an all-cash transaction on July 31, 2020, making Western Asset Management an indirect subsidiary. Investments in the Fund carry risks, including principal loss.