Sec Form 3 Filing - Karpus Management, Inc. @ WESTERN ASSET INFLATION-LINKED INCOME FUND - 2023-12-11

FORM 3 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Karpus Management, Inc. 2. Issuer Name and Ticker or Trading Symbol WESTERN ASSET INFLATION-LINKED INCOME FUND [ WIA] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 183 SULLY'S TRAIL 3. Date of Earliest Transaction (MM/DD/YY) 12/11/2023 (Street) PITTSFORD, NY14534 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 0 ( 1 ) ( 2 ) I ( 1 ) ( 2 ) See footnotes ( 1 ) ( 2 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Karpus Management, Inc. 183 SULLY'S TRAIL PITTSFORD, NY14534 X Signatures /s/ Daniel L. Lippincott, CFA, President and Chief Investment Officer 12/14/2023 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Karpus Management, Inc., d/b/a Karpus Investment Management ("Karpus"), is a registered investment adviser to certain accounts that directly own securities of the issuer (the "Account Shares"). In such capacity, Karpus has voting and dispositive power over the Account Shares. As a result, Karpus may be deemed to beneficially own more than 10% of the issuer's outstanding shares of common stock for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). However, Karpus has no pecuniary interest in the Account Shares for purposes of Section 16 of the Exchange Act. Therefore, no securities of the issuer are reported on this Form 3 as being beneficially owned by Karpus. ( 2 )Karpus expressly disclaims any pecuniary interest in, and any beneficial ownership of, the Account Shares for purposes of Section 16 of the Exchange Act, and neither the filing of this statement nor any of its contents shall be deemed to be an admission by Karpus that it beneficially owns any securities of the issuer for any purpose.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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