0001104659-15-002642.txt : 20150115 0001104659-15-002642.hdr.sgml : 20150115 20150115163523 ACCESSION NUMBER: 0001104659-15-002642 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20150115 DATE AS OF CHANGE: 20150115 GROUP MEMBERS: WILLIAM H. GATES III SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WESTERN ASSET/CLAYMORE INFLATION-LINKED OPPORTUNITIES & INCOME FUND CENTRAL INDEX KEY: 0001267902 IRS NUMBER: 421607118 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-81261 FILM NUMBER: 15530323 BUSINESS ADDRESS: STREET 1: 385 EAST COLORADO BLVD. CITY: PASADENA STATE: CA ZIP: 91101 BUSINESS PHONE: (626) 844-9400 MAIL ADDRESS: STREET 1: 385 EAST COLORADO BLVD. CITY: PASADENA STATE: CA ZIP: 91101 FORMER COMPANY: FORMER CONFORMED NAME: WESTERN ASSET CLAYMORE INFLATION-LINKED OPPORTUNITIES & INCOME FUND DATE OF NAME CHANGE: 20070810 FORMER COMPANY: FORMER CONFORMED NAME: WESTERN ASSET CLAYMORE US TREASURY INFLATION PRO SEC FUND 2 DATE OF NAME CHANGE: 20031022 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CASCADE INVESTMENT LLC CENTRAL INDEX KEY: 0001052192 IRS NUMBER: 911680459 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 2365 CARILLON POINT CITY: KIRKLAND STATE: WA ZIP: 98033 BUSINESS PHONE: 4258030720 MAIL ADDRESS: STREET 1: 2365 CARILLON POINT CITY: KIRKLAND STATE: WA ZIP: 98033 SC 13D/A 1 a15-2511_1sc13da.htm SC 13D/A

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

 

SCHEDULE 13D

 

 

Under the Securities Exchange Act of 1934
(Amendment No. 13)*

 

Western Asset/Claymore Inflation-Linked Opportunities & Income Fund

(Name of Issuer)

 

Common Shares of Beneficial Interest, No Par Value

(Title of Class of Securities)

 

95766R104

(CUSIP Number)

 

Mike Rodden, Esq.

Rumei Mistry, Esq.

2365 Carillon Point

Kirkland, WA 98033

(425) 889-7900

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

January 13, 2015

(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).

 



 

CUSIP No.  95766R104

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Cascade Investment, L.L.C.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
State of Washington

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
12,172,389 (1)

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
12,172,389 (1)

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
12,172,389 (1)

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
19.9%(2)

 

 

14.

Type of Reporting Person (See Instructions)
OO

 


(1)         All common shares of beneficial voting interest, no par value (the “Common Shares”) of Western Asset/Claymore Inflation-Linked Opportunities & 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 61,184,134 Common Shares outstanding as of June 30, 2014, as reported in the Issuer’s Form N-CSR filed on August 25, 2014.

 

2



 

CUSIP No.  95766R104

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
William H. Gates III

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
12,172,389 (1)

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
12,172,389 (1)

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
12,172,389 (1)

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
19.9%(2)

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


(1)         All common shares of beneficial voting interest, no par value (the “Common Shares”) of Western Asset/Claymore Inflation-Linked Opportunities & 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 61,184,134 Common Shares outstanding as of June 30, 2014, as reported in the Issuer’s Form N-CSR filed on August 25, 2014.

 

3



 

EXPLANATORY NOTE

 

This Amendment No. 13 to Schedule 13D (“Amendment No. 13”) relates to the common shares of beneficial interest, no par value (“Common Shares”) of Western Asset/Claymore Inflation-Linked Opportunities & Income Fund (the “Issuer”).  This Amendment No. 13 is being jointly filed by Cascade Investment, L.L.C. (“Cascade”) and William H. Gates III (collectively, “Reporting Persons”) to amend and supplement the Items set forth below on the Schedule 13D previously filed with the Securities and Exchange Commission on January 9, 2006, as amended on May 3, 2006, September 29, 2008, April 22, 2009, May 1, 2009, July 14, 2011, August 9, 2011, August 17, 2011, December 9, 2011, December 11, 2013, December 11, 2014, December 16, 2014, and January 2, 2015.

 

Item 3.                                 Source and Amount of Funds or Other Consideration

 

Since the event requiring its most recent Schedule 13D filing, Cascade purchased 781,128 shares of Common Stock with its working capital for an aggregate purchase price of $10,296,450.21 (including commissions).  Cascade also acquired 30,032 Common Shares pursuant to a dividend reinvestment plan of the Issuer.  Other than the reinvestment of the dividends, Cascade paid no consideration to acquire these shares.

 

Item 5.                                 Interest in Securities of the Issuer

 

(a)  See items 11 and 13 of the cover pages to this Schedule 13D 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 Schedule 13D 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)  During the period January 2, 2015 through January 13, 2015, Cascade purchased 781,128 Common Shares for cash in open market transactions and acquired 30,032 Common Shares pursuant to a dividend reinvestment plan of the Issuer, in each case on the dates and at the price per share set forth on Exhibit 99.1, which is attached hereto and incorporated herein by reference.

 

(d)  None.

 

(e)  Not applicable.

 

Item 7.                                 Materials to be Filed as Exhibits.

 

Exhibit 99.1

Transactions by Cascade

 

4



 

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.

 

Date: January 15, 2015

 

CASCADE INVESTMENT, L.L.C.(1)

 

 

 

 

 

 

By:

*

 

 

 

Name: Alan Heuberger

 

 

 

Title: Attorney-in-fact for Michael Larson, Business Manager (2)

 

 

 

 

 

 

WILLIAM H. GATES III(1)

 

 

 

 

 

 

By:

*

 

 

 

Name: Alan Heuberger(3)

 

 

 

Title: Attorney-in-fact for William H. Gates III

 

 

 

 

 

 

*By:

/s/Alan Heuberger

 

 

 

Alan Heuberger

 


(1) This Amendment is being filed jointly by the Reporting Persons pursuant to the Joint Filing Agreement dated January 9, 2006 and included with the signature page to the Reporting Persons’ Schedule 13D with respect to the Issuer filed on January 9, 2006, SEC File No. 005-81261, 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 Issuer on December 11, 2013, SEC File No005-81261, 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.

 

5


 

EX-99.1 2 a15-2511_1ex99d1.htm EX-99.1

Exhibit 99.1

 

The table below sets forth the date, quantity and prices for the Common Shares of Western Asset/Claymore Inflation-Linked Opportunities and Income Fund (the “Issuer”) purchased by Cascade Investment, L.L.C. (“Cascade”) during the time specified.

 

For the acquisitions through the Issuer’s dividend reinvestment plan, Cascade has provided the price per share calculated based on the formula described in the dividend reinvestment plan.

 

For the acquisitions in the public market, Cascade has provided the weighted-average and the ranges of the price paid per share.  Cascade undertakes to provide upon request by the staff of the Securities and Exchange Commission full information regarding the number of shares purchased at each separate price.  All of the transactions were effected on the New York Stock Exchange or through Electronic Communication Networks.

 

Transaction
Date

 

Nature of Transaction

 

Quantity

 

Price Paid Per
Share ($)

 

Range of Price Paid
per Share ($)

1/2/15

 

Acquisition in the public market

 

100

 

$

11.2900

 

$11.2900 - $11.2900

1/7/15

 

Acquisition in the public market

 

25,000

 

$

11.3377

 

$11.3200 - $11.3500

1/8/15

 

Acquisition in the public market

 

50,000

 

$

11.3481

 

$11.3200 - $11.3700

1/9/15

 

Acquisition through dividend reinvestment plan

 

30,032

 

$

11.4629

 

1/9/15

 

Acquisition in the public market

 

50,000

 

$

11.3401

 

$11.3200 - $11.3600

1/12/15

 

Acquisition in the public market

 

5,000

 

$

11.3479

 

$11.3400 - $11.3500

1/13/15

 

Acquisition in the public market

 

651,028

 

$

11.3180

 

$11.3100 - $11.3500