Every material Form 8-K WESTERN ASSET INFLATION-LINKED INCOME FUND has filed with the SEC since April 09, 2020, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Effective November 2, 2020, the Fund's board amended and restated its bylaws. The main change limits voting rights for shares acquired in a Control Share Acquisition unless other shareholders approve those rights, which the filing says is meant to reduce the risk of undue influence by any single holder. The bylaws also change board election voting, advance notice rules and meeting procedures.
Effective November 2, 2020, the board adopted amended and restated bylaws.
A Control Share Acquisition starts at one-tenth or more of all voting power; acquirers' voting rights generally require approval by other shareholders.
Board members must now be elected by a majority of all votes entitled to be cast, replacing the plurality standard.
Shareholders may not call special meetings; the filing says the Board of Trustees sets meeting dates.
Effective April 7, 2020, the fund's Board of Trustees amended its bylaws to add Article 10, Section 10.6, which clarifies how shareholder meetings can be held by remote communication. The amended and restated bylaws are furnished as Exhibit 99.1 and do not change any reported financial results.
Amendment effective April 7, 2020, adding Article 10, Section 10.6 to the bylaws
Section 10.6 clarifies the process for holding shareholder meetings by remote communication
Amended and Restated Bylaws dated April 7, 2020 furnished as Exhibit 99.1
Report signed April 9, 2020 by Jane E. Trust, President and Chief Executive Officer
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every WESTERN ASSET INFLATION-LINKED INCOME FUND filing is on SEC EDGAR ↗. 8-K briefs of other companies →