Western Asset Managed Municipals Fund Inc. Announces Financial Position as of August 31, 2024
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) ha riportato la sua posizione finanziaria al 31 agosto 2024. Il totale degli attivi del Fondo ha raggiunto 932,67 milioni di dollari, con attivi netti totali di 640,33 milioni di dollari. Il NAV per azione è aumentato a 11,72 dollari rispetto a 11,39 dollari del trimestre precedente, mentre il prezzo di mercato per azione è salito a 10,76 dollari. Il Fondo ha mostrato una performance positiva con un reddito netto totale da investimenti di 7,73 milioni di dollari e un guadagno netto totale realizzato/non realizzato di 21,98 milioni di dollari. Lo sconto sul NAV è migliorato a -8,19% rispetto a -12,82% del trimestre precedente.
Western Asset Managed Municipals Fund Inc. (NYSE: MMU) ha reportado su posición financiera al 31 de agosto de 2024. Los activos totales del Fondo alcanzaron 932,67 millones de dólares, con activos netos totales de 640,33 millones de dólares. El NAV por acción aumentó a 11,72 dólares desde 11,39 dólares en el trimestre anterior, mientras que el precio de mercado por acción subió a 10,76 dólares. El Fondo mostró un rendimiento positivo con un ingreso neto total por inversiones de 7,73 millones de dólares y una ganancia neta total realizada/no realizada de 21,98 millones de dólares. El descuento al NAV mejoró a -8,19% desde -12,82% en el trimestre anterior.
Western Asset Managed Municipals Fund Inc. (NYSE: MMU)는 2024년 8월 31일 기준으로 재무 상태를 보고했습니다. 펀드의 총 자산은 9억 3천 2백 67만 달러에 도달했으며, 총 순 자산은 6억 4천 33만 달러입니다. 1주당 NAV는 이전 분기 11.39 달러에서 11.72 달러로 증가했으며, 1주당 시장 가격은 10.76 달러로 올랐습니다. 펀드는 총 순 투자 수익 7백 73만 달러와 총 순 실현/미실현 이익 2천 1백 98만 달러로 긍정적인 성과를 보였습니다. NAV에 대한 할인율은 이전 분기의 -12.82%에서 -8.19%로 개선되었습니다.
Western Asset Managed Municipals Fund Inc. (NYSE: MMU) a rapporté sa position financière au 31 août 2024. Les actifs totaux du fonds ont atteint 932,67 millions de dollars, avec des actifs nets totaux de 640,33 millions de dollars. La valeur nette d'inventaire (NAV) par action a augmenté à 11,72 dollars contre 11,39 dollars au trimestre précédent, tandis que le prix de marché par action a grimpé à 10,76 dollars. Le fonds a affiché une performance positive avec un revenu net total d'investissement de 7,73 millions de dollars et un gain net total réalisé/non réalisé de 21,98 millions de dollars. La remise sur la NAV s'est améliorée à -8,19% contre -12,82% au trimestre précédent.
Western Asset Managed Municipals Fund Inc. (NYSE: MMU) hat seine finanzielle Lage zum 31. August 2024 berichtet. Die Gesamtsumme der Vermögenswerte des Fonds erreichte 932,67 Millionen Dollar mit einem Gesamtnettowert von 640,33 Millionen Dollar. Der NAV pro Aktie stieg von 11,39 Dollar im letzten Quartal auf 11,72 Dollar, während der Marktpreis pro Aktie auf 10,76 Dollar anstieg. Der Fonds zeigte eine positive Performance mit einem Gesamtnettorendite aus Investitionen von 7,73 Millionen Dollar und einem Gesamtzuwachs an realisierten/nicht realisierten Gewinnen von 21,98 Millionen Dollar. Der Rabatt auf den NAV verbesserte sich von -12,82% im letzten Quartal auf -8,19%.
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| Current Q | Previous Q | Prior Yr Q | ||||||||||
| August 31, 2024 | May 31, 2024 | August 31, 2023 | ||||||||||
| Total Assets (a) | $ |
932,675,639 |
|
$ |
930,262,471 |
|
$ |
712,557,833 |
|
|||
| Total Net Assets (a) | $ |
640,332,010 |
|
$ |
622,353,125 |
|
* |
$ |
490,880,487 |
|
||
| NAV Per Share of Common Stock (b) | $ |
11.72 |
|
$ |
11.39 |
|
$ |
11.32 |
|
|||
| Market Price Per Share | $ |
10.76 |
|
$ |
9.93 |
|
$ |
9.59 |
|
|||
| Premium / (Discount) |
|
(8.19 |
)% |
|
(12.82 |
)% |
|
(15.28 |
)% |
|||
| Outstanding Shares |
|
54,619,848 |
|
|
54,654,289 |
|
* |
|
43,367,851 |
|
||
| Total Net Investment Income (c)(d) | $ |
7,735,303 |
|
$ |
6,851,355 |
|
$ |
5,701,967 |
|
|||
| Total Net Realized/Unrealized Gain/(Loss) (c) | $ |
21,981,652 |
|
$ |
(15,910,772 |
) |
$ |
(7,887,616 |
) |
|||
| Preferred Dividends Paid from Net Investment Income (c) | $ |
(2,429,462 |
) |
$ |
(2,655,326 |
) |
$ |
(1,951,215 |
) |
|||
| Net Increase (Decrease) in Net Assets From Operations (c) | $ |
27,287,493 |
|
$ |
(11,714,743 |
) |
$ |
(4,136,864 |
) |
|||
| Earnings per Common Share Outstanding | ||||||||||||
| Total Net Investment Income (c)(d) | $ |
0.14 |
|
$ |
0.13 |
|
$ |
0.13 |
|
|||
| Total Net Realized/Unrealized Gain/(Loss) (c) | $ |
0.40 |
|
$ |
(0.29 |
) |
$ |
(0.18 |
) |
|||
| Preferred Dividends Paid from Net Investment Income (c) | $ |
(0.04 |
) |
$ |
(0.05 |
) |
$ |
(0.04 |
) |
|||
| Net Increase (Decrease)in Net Assets From Operations (c) | $ |
0.50 |
|
$ |
(0.21 |
) |
$ |
(0.09 |
) |
|||
| Undistributed Net Investment Income (e) | $ |
(6,849,766 |
) |
$ |
(3,224,569 |
) |
$ |
(2,705,109 |
) |
|||
| Undistributed Net Investment Income | ||||||||||||
| Per Share (e) | $ |
(0.13 |
) |
$ |
(0.06 |
) |
$ |
(0.06 |
) |
|||
|
|
|
|
|
|
|||||||
| Auction Rate Preferred Stock (e) | $ |
- |
|
$ |
- |
|
$ |
1,300,000 |
|
|||
| Variable Rate Demand Preferred Stock (e) | $ |
284,075,000 |
|
$ |
284,075,000 |
|
$ |
217,575,000 |
|
|||
| Footnotes: | ||
(a) |
The difference between the Fund’s total assets and total net assets is due primarily to its outstanding auction rate preferred stock (“ARPS) and variable rate demand preferred stock (“VRDPS”); total net assets do not include the liquidation value of ARPS and VRDPS. |
|
(b) |
NAVs are calculated as of the close of business on the last business day in the periods indicated above. |
|
(c) |
For the quarter indicated. |
|
(d) |
Excludes distributions paid to preferred stockholders from net investment income. |
|
(e) |
As of the date indicated above. |
|
* |
On October 31, 2023, the Fund acquired the assets and certain liabilities of Western Asset Municipal Partners Fund Inc. |
|
This financial data is unaudited.
The Fund files its semi-annual and annual reports with the Securities and Exchange Commission (“SEC”), as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. These reports are available on the SEC’s website at www.sec.gov. To obtain information on Forms N-PORT or a semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.
Western Asset Managed Municipals Fund Inc., a non-diversified, closed-end investment management company, which is advised by Franklin Templeton Fund Adviser, LLC (“FTFA”) (formerly known as Legg Mason Partners Fund Advisor, LLC) and subadvised by Western Asset Management Company, LLC (“Western Asset”). FTFA and Western Asset are indirect, wholly-owned subsidiaries of Franklin Resources, Inc. (“Franklin Resources”).
For more information about the Fund, please call 1-888-777-0102 or consult the Fund’s web site at www.franklintempleton.com/investments/options/closed-end-funds. Hard copies of the Fund’s complete audited financial statements are available free of charge upon request.
Data and commentary provided in this press release are for informational purposes only. Franklin Resources and its affiliates do not engage in selling shares of the Fund.
Category: Financials
Source: Franklin Resources, Inc.
Source: Legg Mason Closed End Funds
View source version on businesswire.com: https://www.businesswire.com/news/home/20241029814311/en/
Investor Contact: Fund Investor Services 1-888-777-0102
Source: Franklin Resources, Inc. and Legg Mason Closed End Funds
FAQ
What is MMU's current Net Asset Value (NAV) per share as of August 31, 2024?
How much total net investment income did MMU report for the quarter ending August 31, 2024?
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How did MMU's total assets change between August 2023 and August 2024?
