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Western Asset Managed Municipals Fund, Inc - MMU STOCK NEWS

Welcome to our dedicated news page for Western Asset Managed Municipals Fund (Ticker: MMU), a resource for investors and traders seeking the latest updates and insights on Western Asset Managed Municipals Fund.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Western Asset Managed Municipals Fund's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Western Asset Managed Municipals Fund's position in the market.

Rhea-AI Summary

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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Franklin Resources announces changes to the portfolio management team of MMU Fund effective March 1, 2024. The team includes Michael Buchanan, Robert Amodeo, Ryan Brist, David Fare, and John Mooney. The press release emphasizes that the data and commentary are for informational purposes only and that Franklin Resources and its affiliates do not sell shares of the Fund.
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Western Asset Managed Municipals Fund Inc. announces financial position as of August 31, 2023
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Western Asset Managed Municipals Fund Inc. (NYSE: MMU) has completed its merger with Western Asset Municipal Partners Fund Inc. (NYSE: MNP). MNP stockholders have become MMU stockholders. The conversion ratio was 1.172960 MMU shares for each MNP share. MMU's post-Merger net assets totaled $594,862,631.61, with a NAV per common share of $10.8615. Previously announced distributions for MNP stockholders will be cancelled and replaced with MMU distributions. MMU also issued newly-issued shares of MMU's Series 2 Variable Rate Demand Preferred Stock to holders of MNP Series 1 Variable Rate Demand Preferred Stock. MNP's Auction Rate Cumulative Preferred Stock and MMU's ARPS were both redeemed prior to the Merger. MMU is a closed-end, non-diversified management investment company.
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Western Asset Municipal Partners Fund Inc. (NYSE: MNP) announces merger with Western Asset Managed Municipals Fund Inc. (NYSE: MMU) approved by stockholders. Merger with Western Asset Intermediate Muni Fund Inc. (NYSE: SBI) not approved. Merger expected to be effective in mid-to-late October 2023. Upon completion of the merger, each share of MNP will convert into full shares of MMU based on net asset value. MMU will pay cash for fractional shares. ARPS for both MNP and MMU will be redeemed prior to the closing of the merger. VRDPS for MNP will be replaced with newly issued shares of MMU's VRDPS. MMU is a closed-end, non-diversified management investment company. SBI and MNP are diversified, closed-end management investment companies. Both managed by Legg Mason Partners Fund Advisor, LLC, and sub-advised by Western Asset Management Company, LLC. For more information, please call Investor Relations or visit the funds' websites.
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Western Asset Managed Muncipals Fund Inc. (MMU) announces approval of merger with Western Asset Intermediate Muni Fund Inc. (SBI) and Western Asset Municipal Partners Fund Inc. (MNP). SBI and MNP adjourn their Special Meetings of Stockholders to permit further solicitation of proxies. The Mergers are adjourned to August 11, 2023. Stockholders of SBI and MNP will receive common stock of MMU if the Mergers are approved.
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Western Asset Managed Municipals Fund, Inc

NYSE:MMU

MMU Rankings

MMU Stock Data

546.04M
54.77M
64.63%
0.18%
Securities and Commodity Exchanges
Finance and Insurance
Link
United States of America
New York

About MMU

legg mason and franklin templeton are now one firm. on friday, august 14th, this legg mason page will become inactive. please follow the @franklintempleton company page to continue to receive updates and insights: https://www.linkedin.com/company/franklin-templeton