As was previously announced on February 19, 2020, Franklin Resources, Inc. ("Franklin Resources") and Legg Mason, Inc. ("Legg Mason") announced that they have entered into a definitive agreement for Franklin Resources to acquire Legg Mason in an all-cash transaction. Each Fund is administered by Legg Mason Partners Fund Advisor, LLC ("LMPFA"), a wholly owned subsidiary of Legg Mason, and managed by Western Asset Management Company, LLC ("Western Asset") and other affiliates of Legg Mason. The Funds’ investment manager, Western Asset, is a wholly-owned subsidiary of Legg Mason and would become a wholly-owned subsidiary of Franklin Resources as a result of the transaction. The Funds are sub-advised by other affiliates of Western Asset that also would be acquired by Franklin Resources as a result of the transaction. The transaction is subject to approval by Legg Mason’s shareholders and customary closing conditions, including receipt of applicable regulatory approvals. Subject to such approvals and the satisfaction of the other conditions, the transaction is expected to be consummated in the latter part of 2020.

Legg Mason Partners Fund Advisor, LLC announced today that certain closed-end funds have declared their distributions pursuant to their managed distribution policy for the months of June, July, August and September 2020.

Western Asset Inflation-Linked Opportunities & Income Fund (NYSE: WIW) (the "Fund") announced today that, due to the public health impact of the coronavirus pandemic ("COVID-19") and to support the health and well-being of its shareholders, the location of the 2020 Annual Meeting of Shareholders (the "Meeting") of the Fund has been changed. As previously announced, the Meeting will be held on Friday, April 24, 2020 at 10:00 a.m. Eastern Time. In light of public health concerns regarding COVID-19, the Meeting will be held in a virtual meeting format only. The Annual Meeting will be accessible solely by means of remote communication.

Western Asset Inflation-Linked Opportunities & Income Fund (the "Fund"), which is traded on the New York Stock Exchange under the symbol "WIW," announced today the results of the votes cast at the Fund’s annual meeting of shareholders held April 24, 2020.