Karpus Management, Inc. filed Amendment No. 8 to its Schedule 13D on October 30, 2026, disclosing beneficial ownership of 9,052,796.97 common shares of Western Asset Inflation-Linked Income Fund as of October 29, 2026.

Key Highlights

  • Aggregate beneficial ownership: Karpus Management, Inc. reported holding 9,052,796.97 common shares of Western Asset Inflation-Linked Income Fund as of October 29, 2026.
  • Percent of class: The reported holding represents approximately 38.82% of the 23,322,256 shares outstanding.
  • Aggregate purchase price: The filing states the total purchase price for the 9,052,796.97 shares is approximately $84,547,042.83, excluding brokerage commissions.
  • Voting and dispositive power: Karpus reported sole voting power and sole dispositive power over all 9,052,796.97 shares, with zero shared voting or dispositive power.
  • Source of funds: The filing identifies working capital (designated as "WC") as the source of funds, which may at any given time include margin loans from brokerage firms in the ordinary course of business.
  • Shares outstanding reference: The 23,322,256 total shares outstanding figure is sourced from a Form N-CSR filed by the issuer for the reporting period ending May 31, 2026, as of July 30, 2026.

Karpus Management Discloses Expanded Position in Western Asset Inflation-Linked Income Fund

According to the filing, Karpus Management, Inc., doing business as Karpus Investment Management, accumulated 9,052,796.97 common shares of Western Asset Inflation-Linked Income Fund on behalf of accounts managed under limited powers of attorney. The aggregate purchase price for these shares is reported as approximately $84,547,042.83, excluding brokerage commissions. The filing states that purchases were made in open market transactions unless otherwise noted, and funded through working capital that may include margin loans from brokerage firms in the ordinary course of business.

As of the close of business on October 29, 2026, the reported position equates to approximately 38.82% of the issuer's 23,322,256 total shares outstanding. Karpus is identified in the filing as a New York-based, independent registered investment advisor (type "IA"). The filing confirms that sole voting power and sole dispositive power over all 9,052,796.97 shares reside with Karpus, with no shared voting or dispositive arrangements reported.

This Amendment No. 8 amends and supplements the original Schedule 13D filed on December 13, 2023, and seven prior amendments filed between May 2024 and October 1, 2026. The filing notes that transactions in the shares conducted through Karpus accounts since the October 1, 2026 amendment are set forth on Schedule B, which is incorporated by reference. The filing was signed by Jodi L. Hedberg, Chief Compliance Officer of Karpus Management, Inc., on October 30, 2026. Western Asset Inflation-Linked Income Fund is described as a Massachusetts corporation with principal executive offices at One Madison Avenue, 17th Floor, New York, New York, 10010.

What Was Disclosed

Karpus Management, Inc. disclosed beneficial ownership of 9,052,796.97 common shares, or approximately 38.82%, of Western Asset Inflation-Linked Income Fund as of October 29, 2026, with an aggregate purchase price of approximately $84,547,042.83, excluding commissions.