Company: WIA
Filing Date: 2025-01-28
Form Type: N-CSR
Source: 0001133228-25-000566
Chunk: 67

Company: WESTERN ASSET INFLATION-LINKED INCOME FUND
Filing Date: 2025-01-28
Form: N-CSR
Chunk 67
---
The Legal & Compliance Group is responsible
for administering and overseeing the proxy voting process. The gathering of proxies is coordinated through the Corporate Actions team
of the Investment Operations Group (“Corporate Actions”). Research analysts and portfolio managers are responsible for determining
appropriate voting positions on each proxy utilizing any applicable guidelines contained in these procedures.

Client Authority

The Investment Management Agreement for each client
is reviewed at account start-up for proxy voting instructions. If an agreement is silent on proxy voting, but contains an overall delegation
of discretionary authority or if the account represents assets of an ERISA plan, Western Asset will assume responsibility for proxy voting.
The Portfolio Compliance Group maintains a matrix of proxy voting authority.

Proxy Gathering

Registered owners of record, client custodians,
client banks and trustees (“Proxy Recipients”) that receive proxy materials on behalf of clients should forward them to Corporate
Actions. Proxy Recipients for new clients (or, if Western Asset becomes aware that the applicable Proxy Recipient for an existing client
has changed, the Proxy Recipient for the existing client) are notified at start-up of appropriate routing to Corporate Actions of proxy
materials received and reminded of their responsibility to forward all proxy materials on a timely basis. If Western Asset personnel
other than Corporate Actions receive proxy materials, they should promptly forward the materials to Corporate Actions.

Proxy Voting

Once proxy materials are received by Corporate
Actions, they are forwarded to the Portfolio Compliance Group for coordination and the following actions:

Proxies are reviewed to determine accounts
impacted.

Impacted accounts are checked to confirm
Western Asset voting authority.

Where appropriate, the Regulatory Affairs
Group reviews the issues presented to determine any material conflicts of interest. (See Conflicts of Interest section of these procedures
for further information on determining material conflicts of interest.)

If a material conflict of interest exists,
(i) to the extent reasonably practicable and permitted by applicable law, the client is promptly notified, the conflict is disclosed
and Western Asset obtains the client’s proxy voting instructions, and (ii) to the extent that it is not reasonably practicable
or permitted by applicable law to notify the client and obtain such instructions (e.g., the client is a mutual fund or other commingled
vehicle or is an ERISA plan client), Western Asset seeks voting instructions from an independent third party.

The Portfolio Compliance Group provides
proxy material to the appropriate research analyst or portfolio manager to obtain their recommended vote. Research analysts and portfolio
managers determine votes on a case-by-case basis taking into account the voting guidelines contained in these