Opportunities linked to Western asset inflation

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As of June 3, 2024, the designated portfolio control team responsible for the day-to-day supervision of the Fund is as follows:

Also on June 3, 2024, Chia-Liang (CL) Lian is no longer a portfolio manager of the Fund.

The knowledge and comments provided in this press release are provided for informational purposes only. Franklin Resources and its affiliates sell shares of the Fund.

For more information about the Fund, please call the Fund’s Investor Services: 1-888-777-0102, or visit the Fund’s online page at www. franklintempleton. com/investments/options/closed-end-funds. The data contained on the Fund’s website is not part of this press release. Hard copies of the Fund’s complete audited monetary statements may be obtained free of charge upon request.

The Fund’s shares are listed on the New York Stock Exchange. Like stocks, the Fund’s share price fluctuates depending on market situations and, at the time of sale, would possibly cost more or less than the original investment. Ending a budget industry with a reduction in its net asset cost and can lead to a risk of loss for the investor. All investments are subject to risk, which adds the risk of loss.

About Western Assets

Western Asset is one of the world’s leading steady source of income managers, with 50 years of experience and $385. 4 billion in assets under control (AUM) as of March 31, 2024. With a focus on long-term basic pricing, making an investment that employs a top-down and bottom-up strategy, the company has nine offices around the world and extensive experience in sectors of steady revenue streams. Founded in 1971, Western Asset is known for offering impressive levels of customer service and a strategy that emphasizes equipment control and thorough proprietary research, backed by strong threat control. To learn more about Western Asset, visit www. westernasset. com. Western Asset is a specialized investment manager independent of Franklin Templeton.

About Franklin Templeton

Franklin Resources, Inc. es a global investment control organization with subsidiaries operating under the Franklin Templeton name and serves clients in more than 150 countries. Franklin Templeton’s project is to enable clients to achieve greater results through its expertise in investment control, wealth control and generation solutions. . Through its specialized investment managers, the company provides expertise on a global scale, providing extensive functions in steady income, equities, opportunities, and multi-asset solutions. With more than 1,500 investment professionals and offices in major money markets around the world, the California-based firm has more than 75 years of investment experience and more than $1. 6 trillion in assets under control as of April 30, 2024. For more information, visit franklintempleton. com and follow us on LinkedIn, Twitter, and Facebook.

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Source: Franklin Resources, Inc.

Source: Legg Mason Closed Funds

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