Western Asset Managed Municipals Fund (NYSE: MMU) reported a quarterly decrease in net assets from operations of $11,458,696. For the quarter ended August 31, 2026, that compared with a $5,057,039 decrease in the previous quarter and a $5,696,349 increase a year earlier. Net investment income was $7,447,178, versus $7,495,471 and $7,629,634, respectively.
Total net assets were $579,321,015, down from $599,709,893 on May 31 and $580,275,493 a year earlier. Net asset value per common share was $10.61, versus $10.98 and $10.62. The market price was $10.10, compared with $10.31 and $9.89, while the discount to net asset value narrowed to 4.81% from 6.10% and 6.87%. Overdistributed net investment income stood at $3,285,098, compared with $43,242 and $6,529,739. The financial data is unaudited.
Western Asset Managed Municipals Fund (MMU) shareholders elected three Class III directors at the annual meeting held October 16, 2026.
Robert D. Agdern, Peter Mason and Jane Trust were elected for terms through the 2029 annual meeting, subject to successor qualification, resignation or removal. Shareholders also ratified PricewaterhouseCoopers as independent registered public accountants for the fiscal year ending May 31, 2027.
Western Asset Intermediate Muni Fund (NYSE: SBI) and Western Asset Managed Municipals Fund (NYSE: MMU) received Board approval for a proposed plan to merge SBI with and into MMU, subject to approval by SBI stockholders. If approved, the merger is expected in the fourth quarter of 2026.
According to the Funds, SBI common stockholders would receive MMU common shares based on SBI’s net asset value (NAV) per share, while SBI variable rate demand preferred stock (VRDPS) holders would receive MMU VRDPS in the same number and with identical terms. MMU will pay cash for any fractional MMU common shares. Each Board determined the merger is in its Fund’s best interests and that existing common and preferred stockholders will not be diluted regarding NAV and liquidation preference. The combination is intended to pursue economies of scale and operational efficiencies. As of May 31, 2026, SBI reported net assets of about $119.1 million and MMU about $599.7 million. A combined proxy statement/prospectus will be filed with the SEC.
Western Asset Managed Municipals Fund (NYSE: MMU) reported its financial position as of February 28, 2026. Key figures: Total assets $901,478,652, Total net assets $613,697,114, NAV $11.24, Market price $10.65 and a (5.25%) discount.
The quarter showed total net investment income $7,391,839, net realized/unrealized gain $10,855,696, and a $16,548,922 net increase in net assets from operations. Outstanding shares: 54,618,848; variable rate demand preferred stock liquidation value: $284,075,000. Data unaudited.
Western Asset Managed Municipals Fund (NYSE: MMU) reported unaudited financial position as of August 31, 2025. Key figures: Total assets $872.7M, Total net assets $580.3M, NAV $10.62 and market price $9.89, implying a market discount ~6.9%. Quarterly operating results show total net investment income $7.63M and a net increase in net assets from operations $5.70M. The fund recorded a small net realized/unrealized loss $0.17M this quarter versus a prior-year gain of $21.98M. Outstanding variable rate demand preferred stock remains $284.075M. Data are unaudited and the fund files reports with the SEC.
Western Asset Managed Municipals Fund (NYSE: MMU) announced the results of its annual meeting held October 17, 2025. Eileen A. Kamerick and Hillary A. Sale were elected as Class II directors by holders of common and preferred stock to serve through the 2028 annual meeting. Nisha Kumar was elected as a Class II director by preferred stockholders to serve through the 2028 annual meeting.
Stockholders also ratified PricewaterhouseCoopers LLP as the Fund’s independent registered public accountants for the fiscal year ending May 31, 2026. The Fund is a non-diversified closed-end management investment company managed by Franklin Templeton Fund Adviser, LLC and subadvised by Western Asset Management Company, LLC. Contact 1-888-777-0102 or visit the Fund website for more information.
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.