Welcome to our dedicated page for Putnam Managed Muni Income news (Ticker: PMM), a resource for investors and traders seeking the latest updates and insights on Putnam Managed Muni Income stock.
Putnam Managed Municipal Income Trust (PMM) is a closed-end municipal bond fund whose shares trade on the New York Stock Exchange. Public communications about the fund highlight its focus on generating federally tax-exempt income by investing in a diversified portfolio of municipal securities, and they also describe board-authorized share repurchase programs when the fund trades at a discount to net asset value (NAV).
This news page collects updates and announcements related to PMM, with an emphasis on disclosures that matter to shareholders and prospective investors. Readers can find information about share repurchase activity, including the number of shares repurchased during specified periods and since the inception of the repurchase program, as reported in press releases. These updates explain how repurchases and the cancellation of shares can lead to incremental accretion to NAV for remaining shareholders.
News items for Putnam Managed Municipal Income Trust may include corporate actions such as repurchase program activity, references to how the fund’s shares trade relative to NAV, and other communications from the fund’s sponsor. Because PMM is a closed-end fund, its market price can differ from its underlying NAV, and news about discounts, repurchases, and board authorizations can be important to investors monitoring the fund.
By reviewing the PMM news feed, users can follow the fund’s publicly reported actions that affect share count, trading dynamics, and implementation of its stated policies. This page serves as a centralized source for corporate action announcements and related updates concerning Putnam Managed Municipal Income Trust.
Franklin Templeton has released 19(a) monthly distribution notices for Putnam Managed Municipal Income Trust (NYSE: PMM) and Putnam Municipal Opportunities Trust. The notices detail the sources of monthly distributions and recent performance metrics.
For PMM, the current monthly distribution is $0.0238 per share, with 86.1% from net investment income and 13.9% from return of capital. The fund's fiscal year-to-date distribution totals $0.1428 per share. PMM shows a 5-year return at NAV of 2.25% and a current distribution rate of 4.31% at NAV, with a fiscal YTD return of -1.07%.
The fund acknowledges distributing more than its income and net realized capital gains, indicating that a portion of distributions may represent return of capital. Detailed tax reporting information will be provided to shareholders via Form 1099-Div.
Franklin Templeton has released the 19(a) monthly distribution notices for Putnam Managed Municipal Income Trust (NYSE: PMM) and Putnam Municipal Opportunities Trust (NYSE: PMO). These notices provide detailed information about the sources of the funds' monthly distributions.
The Fund has indicated that it has likely distributed more than its income and net realized capital gains, suggesting that a portion of the distribution may represent a return of capital. This return of capital occurs when investors receive back part of their original investment, which should not be confused with yield or income.
Shareholders will receive Form 1099-Div for calendar year tax reporting purposes. Additionally, fund-related information will be available on www.franklintempleton.com, including:
- Full holdings (monthly, available 8th business day after month-end)
- Top 10 holdings and portfolio statistics (monthly, approximately 15 days after month-end)
Franklin Templeton has released 19(a) monthly distribution notices for Putnam Managed Municipal Income Trust (NYSE: PMM) and Putnam Municipal Opportunities Trust (NYSE: PMO). The notices detail the sources of monthly distributions for both funds.
For PMM, the February distribution is $0.0238 per share, with 81.5% from net investment income and 18.5% from return of capital. The fiscal year-to-date distribution totals $0.0952 per share. PMM's 5-year return at NAV is 0.76% with a current distribution rate of 4.22%.
PMO's February distribution is $0.0350 per share, with 83.1% from net investment income and 16.9% from return of capital. The fiscal year-to-date distribution is $0.3500 per share. PMO's 5-year return at NAV is 0.75% with a current distribution rate of 3.68%.
Both funds note that portions of distributions may represent return of capital, which should not be confused with yield or income. Actual tax reporting amounts will be provided via Form 1099-Div.
Franklin Templeton has released the 19(a) monthly distribution notices for the Putnam Managed Municipal Income Trust (NYSE: PMM) and Putnam Municipal Opportunities Trust (NYSE: PMO). These notices detail the sources of the funds' monthly distributions, following the latest distribution announcement. The estimates are presented on a per-share basis and include:
- PMM: $0.0238 per share for January, with 88.7% from net investment income and 11.3% from return of capital. Fiscal YTD, $0.0714 per share, with 83.6% from net investment income and 16.4% from return of capital.
- PMO: $0.0350 per share for January, with 90.0% from net investment income and 10.0% from return of capital. Fiscal YTD, $0.3150 per share, with 80.3% from net investment income and 19.7% from return of capital.
Performance data as of 12/31/2024 shows:
- PMM: Annualized distribution rate at NAV of 4.22%, with a fiscal YTD return at NAV of -0.04%.
- PMO: Annualized distribution rate at NAV of 3.69%, with a fiscal YTD return at NAV of 4.48%.
These notices clarify that a portion of the distributions may be a return of capital, which should not be confused with yield or income. The actual amounts for tax purposes will be provided in Form 1099-Div. Further fund-related information can be accessed at www.franklintempleton.com.
Franklin Templeton has announced the availability of 19(a) monthly distribution notices for Putnam Managed Municipal Income Trust (NYSE: PMM) and Putnam Municipal Opportunities Trust (NYSE: PMO). These notices provide details on the sources of the funds’ monthly distributions and follow the recent distribution announcements.
For PMM, the current month's per share distribution is $0.0238, with 78.6% from net investment income and 21.4% from return of capital. Fiscal YTD, the per share distribution is $0.0476, with 81.1% from net investment income and 18.9% from return of capital.
For PMO, the current month's per share distribution is $0.0350, with 74.9% from net investment income and 25.1% from return of capital. Fiscal YTD, the per share distribution is $0.2800, with 79.0% from net investment income and 21.0% from return of capital.
The funds’ performance data as of 11/30/2024 shows annualized and cumulative return rates at NAV. PMM has a current fiscal YTD return of 2.70% and a distribution rate of 4.10%. PMO has a fiscal YTD return of 7.18% and a distribution rate of 3.58%.
These distribution amounts and sources are estimates and not for tax reporting. Actual amounts will be provided in Form 1099-Div.
Franklin Templeton has released 19(a) monthly distribution notices for Putnam Managed Municipal Income Trust (PMM) and Putnam Municipal Opportunities Trust. For PMM, the current monthly distribution is $0.0238 per share, with 83.6% from net investment income and 16.4% from return of capital. PMM's fiscal year-to-date performance shows a 1.27% annualized return at NAV with a 4.19% distribution rate. The fund estimates it has distributed more than its income and net realized capital gains, meaning a portion of distributions may be return of capital. Actual amounts for tax reporting will depend on the fund's investment experience during the remainder of its fiscal year.
Putnam Investments has released 19(a) monthly distribution notices for Putnam Managed Municipal Income Trust (NYSE: PMM) and Putnam Municipal Opportunities Trust (NYSE: PMO). These notices provide details on the sources of the funds' monthly distributions.
For PMM, the current month's per share distribution is $0.0238, with 76.9% from net investment income and 23.1% from return of capital. For PMO, the current month's per share distribution is $0.0350, with 76.6% from net investment income and 23.4% from return of capital.
The 5-year annualized return at NAV for PMM is 1.79% with a current distribution rate of 4.07%, while PMO shows a 1.84% return and 3.57% distribution rate. Both funds estimate distributing more than their income and net realized capital gains, indicating a portion of distributions may be a return of capital.
Putnam Investments has released 19(a) monthly distribution notices for Putnam Managed Municipal Income Trust (NYSE: PMM) and Putnam Municipal Opportunities Trust (NYSE: PMO). These notices provide details on the sources of the funds' monthly distributions. For PMM, the current month's distribution is $0.0238 per share, with 81.5% from net investment income and 18.5% from return of capital. PMO's current distribution is $0.0350 per share, with 84.9% from net investment income and 15.1% from return of capital.
The 5-year annualized return at NAV for PMM is 1.28%, with a current distribution rate of 4.14%. PMO's 5-year return is 1.27%, with a 3.62% distribution rate. Both funds have distributed more than their income and net realized capital gains, indicating a portion of distributions may be a return of capital. Shareholders are advised not to draw conclusions about investment performance from these distributions.
Putnam Investments has released 19(a) monthly distribution notices for Putnam Managed Municipal Income Trust (NYSE: PMM) and Putnam Municipal Opportunities Trust (NYSE: PMO). These notices provide details on the sources of the funds' monthly distributions. For PMM, the current month's distribution is $0.0238 per share, with 92.4% from net investment income and 7.6% from return of capital. PMO's current distribution is $0.0350 per share, with 90% from net investment income and 10% from return of capital.
The fiscal year-to-date distributions for both funds show a higher percentage of return of capital. PMM's 5-year annualized return at NAV is 1.64%, with a current distribution rate of 4.15%. PMO's 5-year annualized return is 1.66%, with a 3.63% distribution rate. Investors are cautioned that a portion of the distribution may be a return of capital and should not be confused with yield or income.
Boston-based Putnam Investments has released the 19(a) notices for its closed-end municipal funds, specifically the Putnam Managed Municipal Income Trust (NYSE: PMM) and Putnam Municipal Opportunities Trust (NYSE: PMO). These notices detail the sources of the funds’ monthly distributions, following the latest distribution announcements.
For PMM, the July distribution per share is $0.0238, with 80.3% from net investment income and 19.7% from return of capital. Fiscal YTD distribution stands at $0.2142 per share, with 75.6% from net investment income.
For PMO, the July distribution per share is $0.0350, with 73.4% from net investment income and 26.6% from return of capital. Fiscal YTD distribution is $0.1050 per share, with the same percentage split.
As of June 30, 2024, PMM has an annualized current fiscal return of 4.19% and a 5-year cumulative return of 21.88%, while PMO has an annualized fiscal return of 3.66% and a 5-year cumulative return of 3.32%.
These notices are estimates and not for tax reporting purposes. Final details will be provided in Form 1099-Div. More information is available on putnam.com.