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Western Asset Intermediate Mun - SBI STOCK NEWS

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

Overview of Western Asset Intermediate Mun Fund

Western Asset Intermediate Mun Fund is a diversified, closed-end investment company whose primary focus is generating current income exempt from Federal income taxes. As a key player in the realm of municipal obligations and investment-grade debt, the fund provides investors with a reliable avenue for tax-advantaged income through a carefully selected portfolio of municipal bonds and high-quality debt securities.

Investment Strategy and Asset Allocation

The fund adheres to a disciplined investment criterion, allocating at least 80% of its total assets to municipal obligations under normal market conditions. By focusing on debt securities that are rated as investment grade, or determined to be of equivalent quality by experienced portfolio managers, the fund ensures a high standard in credit quality and risk management. The strategic emphasis on a dollar-weighted average effective maturity of between three and ten years enhances liquidity while ensuring a balanced exposure to interest rate risk.

Risk Management and Portfolio Diversification

Risk management is a cornerstone of the fund's operation. The investment team actively monitors credit ratings and market conditions to maintain the intended quality of its portfolio. Diversification across various municipal obligations and related debt instruments helps mitigate the risks associated with individual issuers, thereby supporting the fund's long-term income generation objective.

Market Position and Competitive Landscape

Positioned within the closed-end management investment sector, Western Asset Intermediate Mun Fund distinguishes itself by focusing on securities that provide tax-exempt income, a feature particularly attractive to investors seeking efficient tax planning solutions. In a competitive market often populated by other fixed-income investment products, the fund's strategy of balancing municipal obligations with investment-grade debt securities provides a clear differentiator. This approach is underscored by an emphasis on maintaining a mature, seasoned portfolio managed with a deep understanding of market dynamics and investor needs.

Key Considerations and Investment Insights

Investors often inquire about the methodology behind the selection of securities and the rigorous risk controls employed by the fund. The investment process is underpinned by extensive market research and adherence to strict credit quality standards, which are critical in ensuring the fund's ability to provide a high level of tax-exempt income. The transparent investment strategy and a focus on maintaining an optimal maturity profile add to the fund's robust risk management framework.

Comprehensive Analysis and Industry Insights

The fund operates in a niche yet vital sector of the investment world, providing insights into how closed-end funds can cater to the growing demand for tax-efficient income generation. By integrating industry keywords and financial terminologies in its disclosures and performance assessments, Western Asset Intermediate Mun Fund not only offers an attractive income strategy but also serves as a case study in effective portfolio structuring under complex regulatory environments. Analysts and investors benefit from the detailed segmentation of investment practices, which include disciplined asset allocation, stringent adherence to quality standards, and a balanced approach to maturities dictated by prevailing market conditions.

Rhea-AI Summary

Western Asset Intermediate Muni Fund Inc. (NYSE: SBI) has released its financial position as of August 31, 2024. The Fund reported total assets of $175,573,564 and total net assets of $126,564,146. The NAV per share stood at $8.99, while the market price was $8.06, representing a discount of 10.34%. The Fund experienced a total net investment income of $1,342,249 and total net realized/unrealized gain of $3,502,233. The net increase in assets from operations was $4,439,108, with earnings per common share at $0.32.

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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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FAQ

What is the current stock price of Western Asset Intermediate Mun (SBI)?

The current stock price of Western Asset Intermediate Mun (SBI) is $7.85 as of April 1, 2025.

What is the market cap of Western Asset Intermediate Mun (SBI)?

The market cap of Western Asset Intermediate Mun (SBI) is approximately 110.4M.

What is the primary objective of Western Asset Intermediate Mun Fund?

The primary objective is to generate a high level of current income that is exempt from Federal income taxes by investing in municipal bonds and investment-grade debt securities.

How does the fund maintain credit quality in its investments?

The fund invests predominantly in debt securities that are rated investment grade by nationally recognized rating agencies or are of comparable quality as determined by the investment manager.

What makes the fund's investment strategy unique?

Its disciplined approach of allocating a significant portion of assets to municipal obligations, combined with a focused maturity range and investment-grade criteria, sets it apart from other fixed-income products.

How is the maturity profile of the fund determined?

The fund maintains a dollar-weighted average effective maturity between three and ten years to balance liquidity and interest rate risk.

What type of income does the fund provide to investors?

The fund is designed to provide current income that is exempt from Federal income taxes, making it attractive for tax-conscious investors.

How does Western Asset Intermediate Mun Fund manage risk in its portfolio?

Risk management is achieved through diversified investments, strict adherence to investment-grade criteria, and continuous monitoring of market and credit conditions.

How does the fund compare with other closed-end investment companies?

The fund distinguishes itself by focusing on tax-exempt, high-quality municipal and debt securities, which is a niche area compared to traditional closed-end funds that may have broader investment mandates.

What fee structure supports the operations of the fund?

The fund operates on a management fee structure, which aligns with many closed-end funds in the fixed-income space by focusing on long-term income generation and risk management.
Western Asset Intermediate Mun

NYSE:SBI

SBI Rankings

SBI Stock Data

110.41M
14.08M
51.75%
0.2%
Asset Management
Financial Services
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United States
New York