NEW YORK–(BUSINESS WIRE)–Western Asset Inflation-Linked Earnings Fund (NYSE: WIA) (the “Fund”) introduced at this time the ultimate outcomes for its issuer tender provide for as much as 20% of the excellent frequent shares (“Shares”) of the Fund at a worth equal to 99% of the Fund’s internet asset worth per Share as decided as of the shut of the common buying and selling session of the New York Inventory Alternate on December 29, 2020. The Fund’s provide expired on Monday, December 28, 2020 at 5:00 p.m., New York Metropolis time.
A complete of 20,871,974 Shares have been duly tendered and never withdrawn. As a result of the variety of Shares tendered exceeds 5,830,564 Shares, the tender provide is oversubscribed. Subsequently, in accordance with the phrases and situations specified within the tender provide, the Fund will buy Shares from all tendering shareholders on a professional rata foundation, disregarding fractions. Accordingly, on a professional rata foundation, roughly 27.93% of Shares for every shareholder who correctly tendered shares have been accepted for fee. The acquisition worth of correctly tendered Shares is $13.99 per Share, equal to 99% of the per Share internet asset worth of $ 14.13 as of the shut of the common buying and selling session of the New York Inventory Alternate on December 29, 2020. Cost for such Shares can be made on or about December 31, 2020. Shares that weren’t tendered will stay excellent.
Any questions in regards to the tender provide might be directed to Georgeson LLC, the data agent for the tender provide, toll free at 1-866-628-6021, Monday by Friday, 9 a.m. to five p.m., New York Metropolis Time.
Western Asset Inflation-Linked Earnings Fund, a diversified, closed-end administration funding firm, is run by Legg Mason Companions Fund Advisor, LLC (“LMPFA”), is suggested by Western Asset Administration Firm, LLC (“Western Asset”) and is subadvised by Western Asset Administration Firm Restricted (“Western London”), Western Asset Administration Firm Ltd (“Western Japan”) and Western Asset Administration Firm Pte. Ltd. (“Western Singapore”). Every of LMPFA, Western Asset, Western London, Western Japan and Western Singapore is an oblique, wholly-owned subsidiary of Franklin Sources, Inc. (“Franklin Sources”)
Arduous copies of the Fund’s full audited monetary statements can be found freed from cost upon request. Information and commentary supplied on this press launch are for informational functions solely. Franklin Sources and its associates don’t have interaction in promoting Shares of the Fund.
THIS PRESS RELEASE IS NOT A PROSPECTUS, CIRCULAR OR REPRESENTATION INTENDED FOR USE IN THE PURCHASE OR SALE OF FUND SHARES. THIS 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. ALL STATEMENTS OTHER THAN STATEMENTS OF HISTORICAL FACT ARE FORWARD-LOOKING AND CAN BE IDENTIFIED BY THE USE OF WORDS SUCH AS “MAY,” “WILL,” “EXPECT,” “ANTICIPATE,” “ESTIMATE,” “BELIEVE,” “CONTINUE” OR OTHER SIMILAR WORDS. SUCH FORWARD-LOOKING STATEMENTS ARE BASED ON THE FUND’S 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’S FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION.
For extra data, please name 1-888-777-0102 or seek the advice of the Fund’s site at www.lmcef.com.
Class: Fund Announcement
Supply: Franklin Sources, Inc.
Supply: Legg Mason Closed Finish Funds