Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 15)*
Western Asset Inflation-Linked Income Fund
(Name of Issuer)
Common Shares, No Par Value
(Title of Class of Securities)
95766Q106
(CUSIP Number)
Jenny Zhou, Esq.
2365 Carillon Point
Kirkland, WA 98033
(425) 889-7900
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 30, 2020
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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CUSIP No. 95766Q106 | ||||
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1. |
Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) | ||
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) | ||
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(a) |
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(b) |
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3. |
SEC Use Only | ||
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4. |
Source of Funds (See Instructions) | ||
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5. |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | ||
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6. |
Citizenship or Place of Organization | ||
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Number of |
7. |
Sole Voting Power | ||
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8. |
Shared Voting Power | |||
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9. |
Sole Dispositive Power | |||
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10. |
Shared Dispositive Power | |||
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11. |
Aggregate Amount Beneficially Owned by Each Reporting Person | ||
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12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o | ||
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13. |
Percent of Class Represented by Amount in Row (11) | ||
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14. |
Type of Reporting Person (See Instructions) | ||
(1) All common shares, no par value per share (the “Common Shares”), of Western Asset Inflation-Linked Income Fund (the “Issuer”) held by Cascade Investment, L.L.C. (“Cascade”) may be deemed to be beneficially owned by William H. Gates III as the sole member of Cascade.
(2) Based on 23,322,256 Common Shares assumed to be outstanding as of December 31, 2020, based on the 29,152,820 Common Shares outstanding as of May 31, 2020, as reported in the Issuer’s Form N-CSR filed on July 24, 2020, less the 5,830,564 Common Shares purchased from tendering shareholders, as reported in the Issuer’s Schedule TO filed on December 31, 2020.
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CUSIP No. 95766Q106 | ||||
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1. |
Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) | ||
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) | ||
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(a) |
o | |
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(b) |
o | |
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3. |
SEC Use Only | ||
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4. |
Source of Funds (See Instructions) | ||
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5. |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | ||
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6. |
Citizenship or Place of Organization | ||
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Number of |
7. |
Sole Voting Power | ||
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8. |
Shared Voting Power | |||
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9. |
Sole Dispositive Power | |||
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10. |
Shared Dispositive Power | |||
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11. |
Aggregate Amount Beneficially Owned by Each Reporting Person | ||
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12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o | ||
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13. |
Percent of Class Represented by Amount in Row (11) | ||
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14. |
Type of Reporting Person (See Instructions) | ||
(1) All common shares, no par value per share (the “Common Shares”), of Western Asset Inflation-Linked Income Fund (the “Issuer”) held by Cascade Investment, L.L.C. (“Cascade”) may be deemed to be beneficially owned by William H. Gates III as the sole member of Cascade.
(2) Based on 23,322,256 Common Shares assumed to be outstanding as of December 31, 2020, based on the 29,152,820 Common Shares outstanding as of May 31, 2020, as reported in the Issuer’s Form N-CSR filed on July 24, 2020, less the 5,830,564 Common Shares purchased from tendering shareholders, as reported in the Issuer’s Schedule TO filed on December 31, 2020.
EXPLANATORY NOTE
This Amendment No. 15 to Schedule 13D (“Amendment”) amends and supplements the Schedule 13D previously filed by Cascade Investment, L.L.C. (“Cascade”) and William H. Gates III (together, “the Reporting Persons”) with the Securities and Exchange Commission on January 3, 2006, as amended on April 19, 2006; June 19, 2008; July 7, 2008; July 17, 2008; October 17, 2008; October 15, 2010; September 12, 2012; April 21, 2014; December 12, 2014; December 17, 2014; December 24, 2014; January 20, 2015, April 8, 2015 and November 25, 2020, relating to the common shares, no par value (the “Common Shares”), of Western Asset Inflation-Linked Income Fund (the “Issuer”).
Item 5. Interest in Securities of the Issuer
(a) See items 11 and 13 of the cover pages to this Amendment for the aggregate number of Common Shares and percentage of Common Shares beneficially owned by each of the Reporting Persons.
(b) See items 7 through 10 of the cover pages to this Amendment for the number of Common Shares beneficially owned by each of the Reporting Persons as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote and sole or shared power to dispose or to direct the disposition.
(c) On December 30, 2020, the Issuer accepted for purchase, at $13.99 per Common Share, 1,942,045 Common Shares that had been tendered by Cascade into the Issuer’s tender offer announced on November 25, 2020.
(d) None.
(e) Not applicable.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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Date: January 4, 2021 |
CASCADE INVESTMENT, L.L.C.(1) | |||
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By |
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Name: |
Alan Heuberger(2) | |
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Title: |
Attorney-in-fact for Michael Larson, Business Manager | |
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WILLIAM H. GATES III(1) | |||
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By |
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Name: |
Alan Heuberger(3) | |
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Title: |
Attorney-in-fact | |
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*By: |
/s/ Alan Heuberger | ||
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Alan Heuberger | ||
(1) This Amendment is being filed jointly by the Reporting Persons pursuant to the Joint Filing Agreement dated January 3, 2006 and included with the signature page to the Reporting Persons’ Schedule 13D filed with respect to the Issuer on January 3, 2006, SEC File No. 005-81249, and incorporated by reference herein.
(2) Duly authorized under Special Limited Power of Attorney appointing Alan Heuberger attorney-in-fact, dated October 11, 2013, by and on behalf of Michael Larson, filed as Exhibit 99.1 to Amendment No. 9 to Cascade’s Schedule 13D with respect to Western Asset/Claymore Inflation-Linked Opportunities & Income Fund on December 11, 2013, SEC File No. 005-81261, and incorporated by reference herein.
(3) Duly authorized under Special Limited Power of Attorney appointing Alan Heuberger attorney-in-fact, dated August 12, 2008, by and on behalf of William H. Gates III, filed as Exhibit 99.2 to Amendment No. 1 to Cascade’s Schedule 13D with respect to Otter Tail Corporation on April 15, 2009, SEC File No. 005-06638, and incorporated by reference herein.