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Western Asset Intermediate Muni Fund, Inc. - $SBI STOCK NEWS

Welcome to our dedicated page for Western Asset Intermediate Muni Fund news (Ticker: $SBI), a resource for investors and traders seeking the latest updates and insights on Western Asset Intermediate Muni Fund stock.

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Rhea-AI Summary

Western Asset Intermediate Muni Fund Inc. (NYSE: SBI) disclosed its financial status as of February 29, 2024, revealing total assets of $175,430,065 and total net assets of $127,241,370. The NAV per share of common stock stood at $9.04, with market price per share at $7.89. The fund reported a total net investment income of $1,301,630 and a net increase in net assets from operations of $3,887,678. Undistributed net investment income was noted at $805,173. Key financial metrics illustrate the fund's performance in the specified timeframe.

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Western Asset Intermediate Muni Fund Inc. (SBI) announced the results of its annual meeting of stockholders, electing new directors and ratifying the selection of independent registered public accountants. The Fund is managed by Franklin Templeton Fund Adviser, and subadvised by Western Asset Management Company, , both subsidiaries of Franklin Resources Inc.
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Franklin Resources announces changes in the portfolio management team for the Fund effective March 1, 2024.
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Western Asset Intermediate Muni Fund Inc. (NYSE: SBI) announced its financial position as of August 31, 2023. Total Assets: $172,143,709. Total Net Assets: $123,897,381. NAV Per Share of Common Stock: $8.80. Market Price Per Share: $7.46. Premium / (Discount): -15.23%. Outstanding Shares: 14,082,315. Total Net Investment Income: $1,020,776. Total Net Realized/Unrealized Gain/(Loss): -$1,492,962. Preferred Dividends Paid from Net Investment Income: -$420,834. Net Increase (Decrease) in Net Assets From Operations: -$893,020.
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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 Intermediate Muni Fund, Inc.

NYSE:SBI

SBI Rankings

SBI Stock Data

108.43M
14.08M
52.88%
0.19%
Investment Banking and Securities Dealing
Finance and Insurance
Link
United States of America
New York

About SBI

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