Western Asset Inflation-Linked: Karpus reports ~38.14%

Karpus reported sole voting and dispositive authority over shares held in managed accounts, representing approximately 38.14% of WIA's outstanding shares.

Rhea-AI Filing Summary

Western Asset Inflation-Linked Income Fund (WIA) is the issuer whose common shares Karpus Management reported beneficially owning 8,894,690 shares as of September 29, 2026, approximately 38.14% of the 23,322,256 shares outstanding as of July 30, 2026. Karpus reported sole voting and dispositive power over shares held in accounts it manages under limited powers of attorney.

Karpus stated an aggregate purchase price of approximately $83,374,236.69, excluding brokerage commissions. Purchases for the accounts were funded by those accounts and were open-market purchases unless otherwise noted.

Key Figures

Beneficially owned shares: 8,894,690 shares Percentage of class: approximately 38.14% Shares outstanding: 23,322,256 shares +1 more

4 metrics

Beneficially owned shares 8,894,690 shares Reported as of September 29, 2026

Percentage of class approximately 38.14% Karpus's reported beneficial ownership

Shares outstanding 23,322,256 shares As of July 30, 2026

Aggregate purchase price approximately $83,374,236.69 Excluding brokerage commissions

Key Terms

beneficially owned, Sole Voting Power, Sole Dispositive Power, limited powers of attorney

4 terms

beneficially owned regulatory

"beneficially owned an aggregate of"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole Voting Power regulatory

"Sole Voting Power"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

Sole Dispositive Power regulatory

"Sole Dispositive Power"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

limited powers of attorney regulatory

"under limited powers of attorney"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many WIA shares does Karpus Management beneficially own?

Karpus Management reported beneficial ownership of 8,894,690 shares, approximately 38.14% of WIA's 23,322,256 shares outstanding. The ownership figure was as of September 29, 2026, and the outstanding-share count was as of July 30, 2026.

What was the aggregate purchase price of Karpus Management's WIA shares?

Karpus reported an aggregate purchase price of approximately $83,374,236.69, excluding brokerage commissions. Purchases for managed accounts were funded by those accounts and were described as open-market purchases unless otherwise noted.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/01/2026 - 01:45 PM Accepted by SEC EDGAR 10/01/2026 - 01:44 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 7)

Western Asset Inflation-Linked Income Fund

(Name of Issuer)

Common Shares

(Title of Class of Securities)

95766Q106

(CUSIP Number)

Jodi L. Hedberg, CCO
Karpus Management, Inc., 183 Sully's Trail
Pittsford, NY, 14534
585-586-4680

Adam W. Finerman, Esq.
BakerHostetler, 45 Rockfeller Plaza
New York, NY, 10111
212-589-4233

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

09/29/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 95766Q106

1

Name of reporting person

KARPUS MANAGEMENT, INC.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 8,894,690.39
8	Shared Voting Power 0.00
9	Sole Dispositive Power 8,894,690.39
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

8,894,690.39

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

38.14 %

14

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person:

This Amendment No. 7 ("Amendment") amends and supplements the statement on Schedule 13D filed by Karpus Management, Inc., d/b/a Karpus Investment Management ("Karpus"), on December 13, 2023, as amended by Amendment No. 1 filed on May 20, 2024, by Amendment No. 2 filed on September 18, 2024, by Amendment No. 3 filed on April 9, 2025, by Amendment No. 4 filed on January 7, 2026, by Amendment No. 5 filed on April 30, 2026, and by Amendment No. 6 filed on 6/11/2026 (collectively, the "Original Schedule 13D" and, as amended by this Amendment, the "Schedule 13D"), relating to the shares of Common Stock of Western Asset Inflation-Linked Income Fund, ("Shares"), a Massachusetts corporation (the "Issuer"). Except as specifically provided herein, each Item of the Original Schedule 13D remains unchanged. Capitalized terms used but not otherwise defined herein have the meanings set forth in the Original Schedule 13D.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Shares
(b)	Name of Issuer: Western Asset Inflation-Linked Income Fund
(c)	Address of Issuer's Principal Executive Offices: One Madison Avenue, 17th Floor, New York, NEW YORK , 10010.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 is hereby amended to read as follows: Karpus an independent registered investment advisor, has accumulated 8,894,690.39 Shares on behalf of accounts managed by Karpus (the "Accounts") under limited powers of attorney. All funds that have been utilized in making such purchases for the Accounts (which are open market purchases unless otherwise noted) are from such Accounts. The aggregate purchase price of the 8,894,690.39 Shares beneficially owned by Karpus is approximately $83,374,236.69, excluding brokerage commissions. The Shares purchased by Karpus with working capital (which may at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases except as otherwise noted herein.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5(a) is hereby amended to read as follows: As of the close of business on September 29, 2026, Karpus beneficially owned an aggregate of 8,894,690.39 Shares held in the Accounts, which represents approximately 38.14% of the 23,322,256 Shares outstanding, which is the total number of Shares outstanding as of July 30, 2026 on Form N-CSR filed by the Issuer for the reporting period ending May 31, 2026.
(b)	Item 5(b) is hereby amended to read as follows: Sole voting power and sole dispositive power: 8,894,690.39
(c)	Item 5(c) is hereby amended to read as follows: The transactions in the Shares by Karpus through the Accounts during the past sixty (60) days are set forth on Schedule B and incorporated herein for reference.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

KARPUS MANAGEMENT, INC.

Signature:	/s/ Jodi L. Hedberg
Name/Title:	Jodi L. Hedberg / Chief Compliance Officer
Date:	10/01/2026