WIA Overview

• Distribution Source Overview: The Western Asset Inflation-Linked Income Fund estimates a distribution of $0.0520 per share for December 31, 2025, entirely sourced from net investment income, indicating the fund's stable income-generating capability.
• Annual Cumulative Distribution: As of November 30, 2025, the fund's cumulative distribution stands at $0.6180 per share, with 59.79% derived from net investment income, reflecting the fund's ability to maintain distributions while achieving some capital appreciation.
• Capital Return Warning: The fund cautions shareholders that the current distribution may include a return of capital, which does not reflect the fund's investment performance and could affect tax reporting.
• Managed Distribution Policy: The fund's managed distribution policy aims to deliver long-term total return potential through a fixed distribution rate per share, but if net investment income is insufficient, it may impact market prices and lead to capital returns.

• Distribution Announcement: Western Asset Inflation-Linked Income Fund declares a monthly distribution of $0.052 per share for December 2025, fully sourced from net investment income, indicating the fund's stability in the current economic climate.
• Annual Cumulative Distribution: As of November 30, 2025, the fund's cumulative distribution reaches $0.618 per share, with 59.79% derived from net investment income, reflecting a diversified income source for the fund.
• Capital Return Risk: The fund estimates that it has distributed more than its income and net realized capital gains, suggesting that part of the distribution may be a return of capital, which investors should consider for tax implications.
• Managed Distribution Policy: The fund's managed distribution policy aims to deliver long-term total return potential through a fixed distribution rate per share, and any shortfall in income could adversely affect market prices, increasing investment risk.

• Transparent Distribution Sources: Western Asset Inflation-Linked Income Fund estimates a distribution of $0.0520 per share on November 28, 2025, with 66.54% from net investment income and 33.39% as a return of capital, highlighting the fund's distribution structure and potential capital return risks.
• Annual Distribution Overview: As of October 31, 2025, the cumulative distribution per share is $0.5660, with 56.02% from net investment income and 43.98% as a return of capital, reflecting the fund's challenges in maintaining distributions amid potential income shortfalls.
• Investor Caution: The fund advises shareholders not to draw conclusions about investment performance based solely on current distribution amounts, as a portion may be a return of capital, which could affect shareholders' tax basis and should be approached with caution.
• Management Policy Explanation: The fund employs a managed distribution policy aimed at achieving long-term total return potential through regular fixed-rate monthly distributions, and if net investment income and capital gains are insufficient, the difference will be distributed from fund assets, potentially impacting market prices.

• Distribution Overview: The Western Asset Inflation-Linked Income Fund is set to pay a distribution of $0.0520 per share on November 28, 2025, with 66.54% sourced from net investment income and 33.39% from return of capital, indicating stable income sources for the fund.
• Annual Distribution Status: As of October 31, 2025, the cumulative distribution stands at $0.5660 per share, with 56.02% from net investment income and 43.98% from return of capital, reflecting the fund's ability to maintain distributions while managing capital effectively.
• Investor Advisory: The fund advises shareholders that the current distribution amount should not be interpreted as a direct reflection of investment performance, as a portion may be a return of capital, which affects the tax basis for investors.
• Management Policy Explanation: The fund employs a managed distribution policy aimed at achieving long-term total return potential through regular monthly distributions at a fixed rate, with any shortfall in net investment income being covered by fund assets, potentially impacting market prices.

• Distribution Announcement: Franklin Templeton Fund Adviser, LLC has declared distributions for certain closed-end funds for December 2025, January, and February 2026, with specific record, ex-dividend, and payable dates outlined.

• Managed Distribution Policy: Each fund aims to maintain consistent distribution levels from income and capital gains, and may include long-term capital gains or return of capital if sufficient income is not available.

• Estimated Sources of Distributions: The estimated sources of cumulative fiscal year-to-date distributions for the funds indicate varying percentages of income and return of capital, with WIA showing 79.42% income and 20.58% return of capital, while WIW shows 37.28% income and 62.72% return of capital.

• Investment Risks: The press release emphasizes that investments in the funds are subject to risks, including market fluctuations and potential losses, and that the actual amounts for tax reporting will depend on the funds' investment performance throughout the fiscal year.

Western Asset Inflation-Linked Income Fund (WIA) Distribution Notification

• Distribution Details: The Fund has announced an estimated distribution of $0.0520 per share for August 29, 2025. This includes $0.0260 from net investment income and $0.0260 classified as a return of capital, with no short-term or long-term capital gains reported.

• Cumulative Allocations: For the fiscal year-to-date ending July 31, 2025, the cumulative distribution per share is $0.4100, comprising $0.2299 from net investment income and $0.1801 as a return of capital, again with no capital gains reported.

Fund Performance Insights

• Investment Performance Caution: Shareholders are advised not to interpret the distribution amounts as indicators of the Fund's investment performance. The Fund has distributed more than its income and realized capital gains, indicating that part of the distribution may be a return of capital.

• Return of Capital Explanation: A return of capital occurs when a portion of the initial investment is returned to shareholders. This type of distribution is not taxable but reduces the tax basis of the shares held.

Financial Metrics

• Average Annual Total Return: The Fund's average annual total return over the five years ending July 31, 2025, is reported at 0.76%.

• Annualized Distribution Rate: The annualized distribution rate as of July 31, 2025, stands at 6.83%, while the cumulative total return for the fiscal period through the same date is 4.27%. The cumulative fiscal year-to-date distribution rate is 4.49%.

Managed Distribution Policy

• Policy Overview: The Fund operates under a managed distribution policy aimed at providing regular monthly distributions at a fixed rate per share. Distributions may derive from net investment income, realized capital gains, or a return of capital.

• Potential Risks: If the Fund's net investment income and realized capital gains fall short of the distribution level, the shortfall will be covered by the Fund's assets, leading to a return of capital. The Board of Directors retains the right to modify or suspend this policy, which could negatively impact the market price of the Fund's shares.

Additional Information

• Contact and Resources: For more details, investors can visit the Fund's website or contact Fund Investor Services at 1-888-777-0102. The information provided is for informational purposes only and does not constitute an offer to sell shares of the Fund.