The Funds announced that, based on certified voting results from the Funds’ Special Meeting of Shareholders (the “Special Meeting”), shareholders have voted to approve the new management agreement for each Fund’s adviser and the new subadvisory agreements for each Fund’s subadvisers. Approval of these new agreements was proposed in connection with the pending combination of Legg Mason Inc. (“Legg Mason”), the parent company of the Funds’ adviser and subadvisers, and Franklin Resources, Inc., a global investment management organization operating as Franklin Templeton (the “Transaction”), which will result in the automatic termination of the Funds’ current management and subadvisory agreements. The new management and subadvisory agreements will each become effective upon the consummation of the Transaction.
Western Asset Inflation-Linked Opportunities & Income Fund (NYSE: WIW) and Western Asset Premier Bond Fund (NYSE: WEA) (each a “Fund†and together, the “Fundsâ€) Announce Shareholder Approval of New Management and Subadvisory Agreements
Jul 15, 2020
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