Western Asset Inflation-Linked Fund amends bylaws, adding control share acquisition rules
Effective November 2, 2020, the fund's board amended and restated its bylaws, including a new control share acquisition provision that limits voting rights for shares acquired in large stakes unless other shareholders approve. The changes also tighten shareholder nomination rules and raise the vote required to elect trustees to a majority of all votes entitled to be cast, which could make it harder for outside holders to influence board composition.
Key points
- Bylaws amended and restated effective November 2, 2020, per the 8-K dated November 5, 2020.
- Control share acquisitions at one-tenth or more of voting power trigger the new rules; voting rights generally require approval by other non-interested shareholders.
- Board election standard changes from plurality to a majority of all votes entitled to be cast.
- Shareholders may not call special meetings under the amended bylaws.
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2020.
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.