Company: WIA
Filing Date: 2025-07-29
Form Type: N-CSRS
Source: 0001133228-25-007660
Chunk: 32

Company: WESTERN ASSET INFLATION-LINKED INCOME FUND
Filing Date: 2025-07-29
Form: N-CSRS
Chunk 32
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31, 2025, and the year ended November 30, 2024, the Fund did not repurchase any shares. 8. Transactions with affiliated company As defined by the 1940 Act, an affiliated company is one in which the Fund owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control with the Fund. The following company was considered an affiliated company for all or some portion of the six months ended May 31, 2025. The following transactions were effected in such company for the six months ended May 31, 2025.

|                                                                    | AffiliateValue atNovember 30,2024 |   Purchased |            |        Sold |            |
| Cost                                                               |                            Shares |    Proceeds |     Shares |             |            |
| Western AssetPremierInstitutionalGovernmentReserves, PremiumShares |                        $6,162,056 | $46,660,947 | 46,660,947 | $49,194,942 | 49,194,942 |

| (cont’d)                                                             | RealizedGain (Loss) | DividendIncome | Net Increase(Decrease) inUnrealizedAppreciation(Depreciation) | AffiliateValue atMay 31,2025 |
| Western Asset PremierInstitutionalGovernment Reserves,Premium Shares | —                   |       $135,840 | —                                                             |                   $3,628,061 |

9. Deferred capital losses As of November 30, 2024, the Fund had deferred capital losses of $58,219,585, which have no expiration date, that will be available to offset future taxable capital gains. 10. Recent accounting pronouncement In December 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2023-09, Income Taxes (Topic 740) – Improvements to Income Tax Disclosures . The amendments enhance income tax disclosures by requiring greater disaggregation in the rate reconciliation and income taxes paid by jurisdiction, while removing certain disclosure requirements. The ASU is effective for annual periods beginning after December 15, 2024, with early adoption permitted. Management is

38 Western Asset Inflation-Linked Income Fund 2025 Semi-Annual Report

currently evaluating the impact and believes that the adoption of the ASU will not have a material impact on the financial statements. 11. Operating segments The Fund has adopted the Financial Accounting Standards Board (FAS