Welcome to our dedicated page for Western Asset Managed Muni news (Ticker: MMU), a resource for investors and traders seeking the latest updates and insights on Western Asset Managed Muni stock.
Western Asset Managed Municipals Fund Inc (MMU) provides investors with tax-exempt income through carefully selected municipal bonds. This news hub offers essential updates on the fund's investment activities, regulatory compliance, and market positioning.
Access authoritative reports on portfolio adjustments, distribution announcements, and credit rating changes. Our curated collection serves as your primary source for understanding MMU's strategy in the municipal debt market, including responses to interest rate changes and public finance developments.
Key updates include earnings releases, SEC filings, and analyses of the fund's exposure to specific municipal obligations. Investors can track the fund's adherence to its principal preservation mandate through quarterly portfolio disclosures and management commentary.
Bookmark this page for streamlined access to MMU's latest developments in tax-advantaged investing. Check regularly for objective reporting on the fund's performance within the evolving landscape of state and local government finance.
Western Asset Managed Municipals Fund Inc. (NYSE: MMU) has released its financial position for February 28, 2025. The fund reported total assets of $923.5 million and total net assets of $625.4 million, showing decreases from both the previous quarter and prior year.
Key metrics include:
- NAV per share: $11.45 (down from $11.71 in November 2024)
- Market price per share: $10.52 (decreased from $10.67)
- Discount to NAV improved to -8.12% from -8.88%
- Total net investment income: $7.5 million
- Net realized/unrealized loss: $10.4 million
The fund experienced a net decrease in assets from operations of $4.96 million for the quarter, compared to increases in both the previous quarter ($7.91 million) and prior year ($23.33 million). Outstanding shares remained stable at 54,618,848, while maintaining $284.07 million in Variable Rate Demand Preferred Stock.
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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