Franklin Templeton Fund Adviser, LLC Announces Distributions for Certain Closed-End Funds Pursuant to their Managed Distribution Policy for the Months of September, October and November 2025

Franklin Templeton Fund Adviser, LLC has announced the distribution schedules for select closed-end funds under its managed distribution policy for the months of September, October, and November 2025. The declared distributions are designed to maintain a consistent payment level derived from the income and capital gains generated by the funds' investment portfolios.

The distribution dates are as follows: - **September:** Record date and ex-dividend date on September 23, 2025; payable on September 30, 2025. - **October:** Record date and ex-dividend date on October 24, 2025; payable on October 31, 2025. - **November:** Record date and ex-dividend date on November 20, 2025; payable on November 28, 2025.

The funds listed include the Western Asset Inflation-Linked Income Fund (WIA) and the Western Asset Inflation-Linked Opportunities & Income Fund (WIW), both of which will distribute $0.05200 and $0.06250 per share for each of the respective months. Notably, the amounts reflect the same rate as previous distributions.

Under the managed distribution policy, the funds aim to provide steady distributions, but if sufficient distributable income is unavailable, they may invoke long-term capital gains or return of capital, which represents a return of invested funds rather than earnings. Shareholders should be aware that a return of capital does not indicate investment performance and should not be conflated with yield or income.

The estimated source of cumulative fiscal year-to-date distributions varies for each fund, with WIA reporting 54.03% from income and 45.97% from return of capital, while WIW reports 45.90% from income and 54.10% from return of capital. Shareholders will receive specific tax reporting information through Form 1099-DIV post fiscal year-end. Franklin Templeton emphasizes that investments carry risks and that changes to the managed distribution policy could impact market prices of the funds.

Franklin Templeton Fund Adviser, LLC has announced its distribution schedule for certain closed-end funds under its managed distribution policy for September, October, and November 2025. The affected funds include the Western Asset Inflation-Linked Income Fund (WIA) and the Western Asset Inflation-Linked Opportunities & Income Fund (WIW). Both funds are set to maintain consistent monthly distributions of $0.05200 and $0.06250, respectively, through these months.

Investors should note that these distributions may include returns of capital, which do not reflect performance but rather payments derived from previous investments. For WIA, approximately 46% of its annual distribution is expected to be a return of capital, whereas for WIW, this figure rises to over 54%. Such distributions can create concerns about sustainability; investors might receive funds that represent their original investment rather than true income generated from the fund's operations.

Given this distribution strategy, potential investors should perform a thorough evaluation of these funds, particularly in terms of their long-term capital gains and the implications of high return of capital. Closed-end funds like these often trade at a discount to their net asset value, elevating both the potential for loss and the chance for capital appreciation, contingent on market conditions.

Investors considering these funds should also be mindful of tax implications. The actual amounts that will be reported for tax purposes depend on year-end fund performance, which can alter the perceived yield on investments.

In summary, while the distributions can provide income stability in the short term, investors should exercise caution and analyze the underlying fundamentals and risk factors associated with these closed-end funds before making investment decisions.