Company: WIA
Filing Date: 2025-04-14
Form Type: DEF 14A
Source: 0001193125-25-080095
Chunk: 0

Company: WESTERN ASSET INFLATION-LINKED INCOME FUND
Filing Date: 2025-04-14
Form: DEF 14A
Chunk 0
---
### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934

(Amendment No. )

Filed by the
Registrant ☒

Filed by a Party other than the Registrant ☐

Check the appropriate box:

| ☐ | Preliminary Proxy Statement |

| ☐ | Confidential, for Use of the Commission Only (as permitted by Rule 
 14a-6(e)(2))                                                       |

| ☒ | Definitive Proxy Statement |

| ☐ | Definitive Additional Materials |

| ☐ | Soliciting Material Pursuant to §240.14a-12 |

### WESTERN ASSET INFLATION-LINKED INCOME FUND
(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

| ☒ | No fee required |

| ☐ | Fee paid previously with preliminary materials |

| ☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11 |

### WESTERN ASSET INFLATION-LINKED INCOME FUND
(NYSE – WIA)

620 Eighth Avenue, 47th Floor

New York, New York 10018

### NOTICE OF ANNUAL
MEETING OF SHAREHOLDERS

TO BE HELD MAY 16, 2025

To the Shareholders of

Western Asset Inflation-Linked Income Fund

The Annual Meeting of
Shareholders (the “Annual Meeting”) of Western Asset Inflation-Linked Income Fund (the “Fund”) is scheduled to be held at 1 Madison Avenue, 17th Floor, New York, New York, on Friday, May 16, 2025, at 10:00 a.m., Eastern
Time, for the following purposes:

| (1) | Electing four Class I Trustees to hold office for the term indicated; and |

| (2) | Transacting such other business as may properly come before the Annual Meeting and any adjournment(s) or postponement(s) 
 thereof.                                                                                                                 |

If it is determined that the Annual Meeting will be held at a different time or in a different location or format (i.e.,
a