Company: WIA
Filing Date: 2025-01-28
Form Type: N-CSR
Source: 0001133228-25-000566
Chunk: 36

Company: WESTERN ASSET INFLATION-LINKED INCOME FUND
Filing Date: 2025-01-28
Form: N-CSR
Chunk 36
---
 2024 |        2023 |
| Distributions paid from: |             |             |
| Ordinary income          | $10,767,821 | $26,120,927 |
| Tax return of capital    |   3,225,533 |           — |
| Total distributions paid | $13,993,354 | $26,120,927 |

As of November 30, 2024, the components of distributable earnings (loss) on a tax basis were as follows:

| Deferred capital losses*                  | $(58,219,585) |
| Other book/tax temporary differences(a)   |       191,153 |
| Unrealized appreciation (depreciation)(b) |   -23,349,199 |
| Total distributable earnings (loss) — net | $(81,377,631) |

| *   | These capital losses have been deferred in the current year as either short-term or                                 
 long-term losses. The losseswill be deemed to occur on the first day of the next taxable year in the same character 
 as they were originallydeferred and will be available to offset future taxable capital gains.                       |
| (a) | Other book/tax temporary differences are attributable to the tax deferral of losses                                 
 on straddles, the realizationfor tax purposes of unrealized gains (losses) on certain futures and foreign currency  
 contracts.                                                                                                          |
| (b) | The difference between book-basis and tax-basis unrealized appreciation (depreciation)                              
 is attributable to the taxdeferral of losses on wash sales and the difference between the book and tax cost         
 basis in underlyinginvestments.                                                                                     |

46 Western Asset Inflation-Linked Income Fund 2024 Annual Report

Report of independent registered public accounting firm

To the Board of Trustees and Shareholders of Western Asset Inflation-Linked Income Fund Opinion on the Financial Statements We have audited the accompanying consolidated statement of assets and liabilities, including the consolidated schedule of investments, of Western Asset Inflation-Linked Income Fund and its subsidiary (the “ Fund ” ) as of November 30, 2024, the related consolidated statements of operations and cash flows for the year ended November 30, 2024, the consolidated statement of changes in net assets for each of the two years in the period ended November 30, 2024, including the related notes, and the consolidated financial highlights for each of the five years in the period ended November 30, 202