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WIW · Western Asset Inflation-Linked Opportunities & Income Fund

Know the company

Company overview

Western Asset Inflation-Linked Opportunities & Income Fund invests mainly in inflation-linked bonds. Their payments can adjust with inflation, but real interest rates and bond prices still influence capital value.

Business: Inflation-linked bond funds
Listing: WIW · New York Stock Exchange
Reporting period: 2026-05-31
Dividend schedule: Monthly

How the business works

Inflation-linked interest feeds net investment income after fund costs. Market gains and losses are separate, so a steady cash payment does not by itself show that NAV held up.

Western Asset Inflation-Linked Opportunities & Income Fund: financial report supporting reported earnings

Dividend & earnings snapshot

Dividend payments

Per common share

$0.0625Reviewed declaration · Payment Nov 30, 2026

Regular dividend

Announced Sep 11, 2026

Dates and company reports

Announcement: Sep 11, 2026
Declaration: Sep 11, 2026
Ex-dividend: Nov 20, 2026
Record: Nov 20, 2026
Payment: Nov 30, 2026

Dividend declaration for payment Nov 30, 2026 · www.businesswire.com · Announced Sep 11, 2026

Extras are shown separately and are not assumed to repeat.

Reported earnings

Each measure shown separately, per share

Net investment income$0.24

Dec 1, 2025 to May 31, 2026

Distribution yield9.12%Sourced distributions divided by dated market price

Reported annual income yield4.64%Reported net investment income $0.4100 per share for 2024-12-01 to 2025-11-30, divided by approved 2025-11-30 market price $8.8400. Excludes capital gains; historical, not a current yield or forecast.

Annual dividend$0.75Current regular payment annualized per share

Reported earnings and sources

Reported earnings for the latest four periods. Compare the same earnings measure across periods; different measures are not added together.

Reporting period	Per share	Source
Dec 1, 2025 to May 31, 2026	$0.24	SEC Announced Jul 30, 2026

Cash distributions and reported returns

Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.

Reporting period	Ending NAV	NAV change	Distributions / share	Reported NAV total return	Source
Dec 1, 2025 to May 31, 2026	$9.56	-1.85%	$0.38	+2.07%	WIW financial highlights in the SEC shareholder report for 2026-05-31. Distributions are total cash per share for the stated period, including any capital-gain or return-of-capital component. Partial periods are not annualized.
Dec 1, 2024 to Nov 30, 2025	$9.74	-0.31%	$0.74	+7.63%	WIW financial highlights in the SEC shareholder report for 2026-05-31. Distributions are total cash per share for the stated period, including any capital-gain or return-of-capital component. Partial periods are not annualized.
Dec 1, 2023 to Nov 30, 2024	$9.77	-1.51%	$0.73	+5.93%	WIW financial highlights in the SEC shareholder report for 2026-05-31. Distributions are total cash per share for the stated period, including any capital-gain or return-of-capital component. Partial periods are not annualized.

View older history (up to 7 years)

Reporting period	Ending NAV	NAV change	Distributions / share	Reported NAV total return	Source
Dec 1, 2022 to Nov 30, 2023	$9.92	-9.65%	$1.08	+0.17%	WIW financial highlights in the SEC shareholder report for 2026-05-31. Distributions are total cash per share for the stated period, including any capital-gain or return-of-capital component. Partial periods are not annualized.
Dec 1, 2021 to Nov 30, 2022	$10.98	-24.74%	$1.39	-16.15%	WIW financial highlights in the SEC shareholder report for 2026-05-31. Distributions are total cash per share for the stated period, including any capital-gain or return-of-capital component. Partial periods are not annualized.

NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.

Distribution and NAV evidence

Cash paid, opening and closing NAV, and the fund-reported NAV total return are separate observations. NAV change excludes distributions. These figures show outcomes, not which source funded a payment or whether future distributions are sustainable. Net investment income excludes investment gains and is not a payout-coverage ratio.

Reporting period and filing	Net investment income/share	Cash distributions/share	Opening NAV	Closing NAV	NAV change	Reported NAV total return
2025-12-01 to 2026-05-31	$0.24	$0.38	$9.74	$9.56	-1.85%	2.07%
2024-12-01 to 2025-11-30	$0.41	$0.74	$9.77	$9.74	-0.31%	7.63%
2023-12-01 to 2024-11-30	$0.28	$0.73	$9.92	$9.77	-1.51%	5.93%

View older history (up to 7 years)

Reporting period and filing	Net investment income/share	Cash distributions/share	Opening NAV	Closing NAV	NAV change	Reported NAV total return
2022-12-01 to 2023-11-30	$0.36	$1.08	$10.98	$9.92	-9.65%	0.17%
2021-12-01 to 2022-11-30	$1.16	$1.39	$14.59	$10.98	-24.74%	-16.15%

The assets behind the earnings

How WIW makes money

Financial snapshot: 2026-05-31. Research reviewed 2026-09-18. Compare results for the reporting periods shown. Historical results are not a forecast.

The assets it owns

$567.789 million net assets350 holdings · As of 7/31/2026

Net assets checked 2026-09-11. Borrowings and preferred financing are excluded from this net-assets figure.

A complete, comparable portfolio allocation is not available for this chart. No percentages have been estimated.

Western Asset Inflation-Linked Opportunities & Income Fund: net assets and portfolio information, checked 2026-09-11

Reported earnings and distributions

2025-12-01 through 2026-05-31 · $ per share

Fund net investment income per common share; actual reporting period, not annualized$0.2400

For the six months ended May 31, 2026, WIW reported $0.24 of net investment income per common share and $0.38 of common distributions. Income covered part of the payment; read bond results and NAV with the difference.

Western Asset Inflation-Linked Opportunities & Income Fund: financial report supporting reported earnings

The income-producing business

Bond interest, less expenses and financing costs, is the central recurring income source. A declared distribution can include gains or return of capital as well as investment income; its amount is not an earnings figure.

The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.

Western Asset Inflation-Linked Opportunities & Income Fund: financial report supporting reported earnings

Financing can amplify income and losses

The portfolio information checked September 11, 2026 reports effective leverage of 25.87%.

Financing can increase earning assets, but its cost reduces income available to common shareholders. When borrowing costs rise or portfolio income falls, the distribution can become harder to sustain.

Western Asset Inflation-Linked Opportunities & Income Fund: net assets and portfolio information, checked 2026-09-11

What the reported earnings support

Western Asset Inflation-Linked Opportunities & Income Fund reported $0.2400 per share for 2025-12-01 through 2026-05-31, measured as Fund net investment income per common share; actual reporting period, not annualized.

Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.

Western Asset Inflation-Linked Opportunities & Income Fund: financial report supporting reported earnings

Portfolio risk

Losses or weaker cash generation in inflation-linked bonds can reduce the resources available for future distributions.

Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.

Western Asset Inflation-Linked Opportunities & Income Fund: financial report supporting reported earnings

Distribution sustainability

A maintained payment can exceed investment results. Review NAV and reported income together rather than treating distribution yield as total return.

Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.

Western Asset Inflation-Linked Opportunities & Income Fund: financial report supporting reported earnings

What would change the earnings picture?

Follow the next comparable income and distribution figures, real yields, financing costs and NAV.

Net asset value (NAV)

NAV per share$8.95Sep 29, 2026

Market price$7.92Sep 29, 2026

PREMIUM / DISCOUNT TO NAV11.51% discountCalculated from the displayed same-date values.

NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.

CEFConnect current common-share NAV and closing market price, both dated 2026-09-29. The published premium or discount agrees with the calculation within source rounding. Older audited NAV history remains unchanged.

NAV source · Market-price source

Fly High context

Follow the next comparable income and distribution figures, real yields, financing costs and NAV.

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U.S. federal · Tax year 2025

Dividend tax treatment

The 2025 distributions were mainly ordinary dividends, with a return-of-capital portion. The company rounded the category amounts, so the mix shown here is approximate.

This company information is a guide, not your personal tax statement. Use your Form 1099-DIV when you file.

Total ordinary dividends: 56.09%
Qualified dividends: Not confirmed
Capital-gain distributions: 0%
Return of capital: 43.91%

Tax year: 2025. Total distributions: $0.75 per share.

Tax details and source

Total ordinary dividends (includes qualified): 56.09%
Section 199A portion (within ordinary dividends): Not confirmed
Exempt-interest distributions: 0%
Reporting form: Form 1099-DIV
Source date: Not stated

Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.

Tax source

Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.

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