WESTERN ASSET/CLAYMORE INFLATION- LINKED OPPORTUNITIES & Income FUND (WIW)

Apie

Western Asset/Claymore Inflation-Linked Opportunities & Income Fund is a closed-end fund. The Fund’s investment objective is to provide current income. Capital appreciation, when consistent with current income, is a secondary investment objective. Under normal market conditions, the Fund will invest at least 8% of its total managed assets in inflation-linked securities. The Fund may also invest up to 4% of its total managed assets in below investment grade securities. The Fund may invest up to 1% of its total managed assets in non-United States dollar investments which gives the Fund flexibility to invest up to 1% of its total managed assets in non-United States dollar inflation-linked securities (up to 1% of its non-United States dollar exposure may be unhedged). The Fund’s manager is Western Asset Management Company.