{"id":387534,"date":"2020-11-24T08:03:30","date_gmt":"2020-11-24T13:03:30","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=387534"},"modified":"2020-11-24T08:03:30","modified_gmt":"2020-11-24T13:03:30","slug":"western-asset-inflation-linked-income-fund-announces-plan-for-tender-offer","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/western-asset-inflation-linked-income-fund-announces-plan-for-tender-offer\/","title":{"rendered":"Western Asset Inflation-Linked Income Fund Announces Plan for Tender Offer"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Western Asset Inflation-Linked Income Fund Announces Plan for Tender Offer<\/b><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nWestern Asset Inflation-Linked Income Fund (NYSE: WIA) announced today that the Fund\u2019s Board of Trustees has authorized (subject to certain conditions) a cash tender offer for up to 20% of the Fund\u2019s outstanding common shares (the \u201cShares\u201d) at a price per Share equal to 99% of the Fund\u2019s net asset value per Share as of the business day immediately following the expiration date of the tender offer. The commencement of the tender offer will be announced at a later date. The Fund will repurchase Shares tendered and accepted in the tender offer in exchange for cash. In the event the tender offer is oversubscribed, Shares will be repurchased on a pro rata basis.\n<\/p>\n<p>\nThe commencement of the tender offer is pursuant to an agreement (the \u201cStandstill Agreement\u201d) between the Fund and Karpus Investment Management (\u201cKarpus\u201d). During the effective period of the Standstill Agreement, Karpus has agreed to (1) be bound by the terms of the Standstill Agreement, including certain standstill covenants, and (2) vote its Shares on proposals submitted to shareholders in accordance with the recommendation of the Fund\u2019s Board of Trustees (subject to certain limited exclusions). The Fund has been advised that Karpus will file a copy of the Standstill Agreement with the U.S. Securities and Exchange Commission (\u201cSEC\u201d) as an exhibit to its Schedule 13D.\n<\/p>\n<p>\nThe Fund has not commenced the tender offer described in this release. This announcement is not a recommendation, an offer to purchase or a solicitation of an offer to sell shares of the Fund and the above statements are not intended to constitute an offer to participate in any tender offer. Information about the tender offer, including its commencement, will be provided by future public announcements. Shareholders will be notified in accordance with the requirements of the Securities Exchange Act of 1934, as amended, and the Investment Company Act of 1940, as amended, either by publication or mailing or both. The tender offer will be made only by an offer to purchase, a related letter of transmittal, and other documents to be filed with the SEC. Shareholders of the Fund should read the offer to purchase and tender offer statement and related exhibits when those documents are filed and become available, as they will contain important information about the tender offer. These and other filed documents will be available to investors for free both at the website of the SEC and from the Fund. There can be no assurance that any Share repurchases will reduce or eliminate the discount of the Fund\u2019s market price per Share to the Fund\u2019s net asset value per Share.\n<\/p>\n<p>\nWestern Asset Inflation-Linked Income Fund, a diversified, closed-end management investment company, is administered by Legg Mason Partners Fund Advisor, LLC (\u201cLMPFA\u201d), is advised by Western Asset Management Company, LLC (\u201cWestern Asset\u201d) and is subadvised by Western Asset Management Company Limited (\u201cWestern London\u201d), Western Asset Management Company Ltd (\u201cWestern Japan\u201d) and Western Asset Management Company Pte. Ltd. (\u201cWestern Asset Singapore\u201d). Each of LMPFA, Western Asset, Western London, Western Japan and Western Singapore is an indirect, wholly-owned subsidiary of Franklin Resources, Inc.\n<\/p>\n<p>\nThis press release may contain statements regarding plans and expectations for the future that constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the Fund\u2019s current plans and expectations, and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Additional information concerning such risks and uncertainties are contained in the Fund\u2019s filings with the SEC.\n<\/p>\n<p>\nFor more information about the Fund, please call Investor Relations: 1-888-777-0102, or consult the Fund\u2019s web site at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.lmcef.com&amp;esheet=52335866&amp;newsitemid=20201124005493&amp;lan=en-US&amp;anchor=www.lmcef.com&amp;index=1&amp;md5=dc78738082c6e0a93a0ea9fb3d9c7740\">www.lmcef.com<\/a>. The information contained on the Fund\u2019s web site is not part of this press release. Hard copies of the Fund\u2019s complete audited financial statements are available free of charge upon request.\n<\/p>\n<p>\nCategory: Fund Announcement\n<\/p>\n<p>\nSource: Franklin Templeton\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201124005493r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201124005493\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201124005493\/en\/<\/a><\/span><\/p>\n<p>\nMedia Contact: Fund Investor Services-1-888-777-0102\n<\/p>\n<p>\n\u00a0\n<\/p>\n<p><b>KEYWORDS:<\/b> United States North America New York<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Western Asset Inflation-Linked Income Fund Announces Plan for Tender Offer NEW YORK&#8211;(BUSINESS WIRE)&#8211; Western Asset Inflation-Linked Income Fund (NYSE: WIA) announced today that the Fund\u2019s Board of Trustees has authorized (subject to certain conditions) a cash tender offer for up to 20% of the Fund\u2019s outstanding common shares (the \u201cShares\u201d) at a price per Share equal to 99% of the Fund\u2019s net asset value per Share as of the business day immediately following the expiration date of the tender offer. The commencement of the tender offer will be announced at a later date. The Fund will repurchase Shares tendered and accepted in the tender offer in exchange for cash. In the event the tender offer is oversubscribed, Shares will be &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/western-asset-inflation-linked-income-fund-announces-plan-for-tender-offer\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Western Asset Inflation-Linked Income Fund Announces Plan for Tender Offer&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-387534","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Western Asset Inflation-Linked Income Fund Announces Plan for Tender Offer - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/western-asset-inflation-linked-income-fund-announces-plan-for-tender-offer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Western Asset Inflation-Linked Income Fund Announces Plan for Tender Offer - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Western Asset Inflation-Linked Income Fund Announces Plan for Tender Offer NEW YORK&#8211;(BUSINESS WIRE)&#8211; Western Asset Inflation-Linked Income Fund (NYSE: WIA) announced today that the Fund\u2019s Board of Trustees has authorized (subject to certain conditions) a cash tender offer for up to 20% of the Fund\u2019s outstanding common shares (the \u201cShares\u201d) at a price per Share equal to 99% of the Fund\u2019s net asset value per Share as of the business day immediately following the expiration date of the tender offer. The commencement of the tender offer will be announced at a later date. The Fund will repurchase Shares tendered and accepted in the tender offer in exchange for cash. 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