Welcome to our dedicated page for Western Asset Managed Municipals Fund news (Ticker: MMU), a resource for investors and traders seeking the latest updates and insights on Western Asset Managed Municipals Fund stock.
Western Asset Managed Municipals Fund, Inc. (symbol: MMU) is a non-diversified, closed-end management investment company. The primary goal of MMU is to maximize current income that is exempt from federal income tax, while ensuring the preservation of principal. Established with a focus on providing tax-efficient income solutions, MMU offers a variety of financial products, including Mutual Funds, Exchange-Traded Funds (ETFs), Money Market Funds, and Variable Investments.
Managed under the umbrella of Franklin Templeton, following the integration with Legg Mason, MMU caters to both individual and institutional investors. The firm has built a robust portfolio that aims to balance risk and return, making it a significant player in the investment landscape.
In recent years, MMU has achieved notable milestones, consistently delivering on its promise of tax-exempt income. The fund's well-diversified assets have enabled it to maintain stability, even amid fluctuating market conditions. MMU's comprehensive approach includes leveraging expert analysis, prudent risk management, and strategic asset allocation.
MMU's current projects and initiatives continue to focus on optimizing returns for investors while adhering to regulatory and market standards. The firm's commitment to transparency and performance is evident from its continuous updates and communication with stakeholders.
For the latest updates, news, and insights into MMU's performance and developments, investors are encouraged to follow the official Franklin Templeton LinkedIn page, as the previous Legg Mason page has become inactive. Stay informed with the latest from Franklin Templeton to make well-informed investment decisions.
Western Asset Managed Municipals Fund Inc. (NYSE: MMU) has reported its financial position as of August 31, 2024. The Fund's total assets reached $932.67 million, with total net assets of $640.33 million. The NAV per share increased to $11.72 from $11.39 in the previous quarter, while the market price per share rose to $10.76. The Fund showed positive performance with total net investment income of $7.73 million and total net realized/unrealized gain of $21.98 million. The discount to NAV improved to -8.19% from -12.82% in the previous quarter.
Western Asset Managed Municipals Fund Inc. (NYSE: MMU) announced the results of its annual meeting of stockholders held on October 18, 2024. Carol L. Colman was elected as a Class I Director by common and preferred stockholders, while Paolo M. Cucchi was elected as a Class I Director by preferred stockholders. Both will serve until the 2027 annual meeting. Stockholders also ratified PricewaterhouseCoopers LLP as the Fund's independent registered public accountants for the fiscal year ending May 31, 2025.
The Fund is a non-diversified closed-end management investment company managed by Franklin Templeton Fund Adviser, and subadvised by Western Asset Management Company, , both indirect wholly-owned subsidiaries of Franklin Resources Inc.
Western Asset Managed Municipals Fund Inc. (NYSE: MMU) reported its financial position as of February 29, 2024, with total assets of $930.42 million and total net assets of $644.17 million. The NAV per share of common stock was $11.76, indicating a premium of 13.44%. The fund's total net investment income was $7.70 million, with a net increase in net assets from operations of $23.33 million. On the negative side, there was an undistributed net investment income of $5.33 million.
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