Welcome to our dedicated page for WESTERN ASSET MANAGED MUNICIPALS FUND SEC filings (Ticker: MMU), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Western Asset Managed Municipals Fund, Inc. filings document the regulatory record for a NYSE-listed closed-end municipal bond fund. Its Schedule 14A proxy materials cover annual meeting procedures, board elections, stockholder voting mechanics, and the separate roles of common stockholders and preferred shareholders in fund governance.
The filing record also identifies MMU's common stock and preferred shares, board structure, and capital-structure matters associated with a closed-end fund. These disclosures center on governance, shareholder rights, meeting proposals, and the formal documents used to conduct fund stockholder votes.
Western Asset Managed Municipals Fund Inc. (MMU) is holding its annual stockholder meeting on October 16, 2026 in New York. Stockholders of record as of August 28, 2026 will vote on electing three Class III directors—Robert D. Agdern, Peter Mason and Jane E. Trust, CFA—for terms expiring at the 2029 annual meeting, and on ratifying PricewaterhouseCoopers LLP (PwC) as independent registered public accountants for the fiscal year ending May 31, 2027.
The fund had 54,618,848 common shares and 11,363 variable rate demand preferred shares outstanding as of the record date, with each share entitled to one vote (fractional for fractional common shares), without cumulative voting. The board, including all independent directors, unanimously recommends voting FOR each director nominee and FOR ratification of PwC. The fund describes how broker non-votes, abstentions, the Maryland Control Share Acquisition Act, and potential adjournments affect quorum and outcomes, and discloses director compensation, PwC fee levels, committee structures, and procedures for future stockholder proposals.
WESTERN ASSET MANAGED MUNICIPALS FUND INC. (ticker MMU) filed an initial insider ownership report on Form 3 for Brett Michael Mossman, who is identified as a Senior Vice President/Investment Manager. The filing lists no reportable transactions or holdings of MMU securities as of the reporting date.
WESTERN ASSET MANAGED MUNICIPALS FUND INC. (MMU) has a new Form 3 on file for reporting person Ann Elizabeth Doyle, identified as a Senior Vice President. The filing is an initial statement of beneficial ownership but shows no reportable transactions or holdings in the fund’s securities.
Western Asset Managed Municipals Fund Inc. seeks to provide tax-exempt current income consistent with capital preservation by investing primarily in long-term investment-grade municipal bonds, with up to 20% in below-investment-grade issues and active use of derivatives and tender option bond structures.
For the twelve months ended May 31, 2026, the fund delivered a 9.15% total return based on NAV and 10.86% based on market price, outperforming its benchmark, the Bloomberg Municipal Bond Index, which returned 6.67%. The fund distributed $0.65 per share during the period, of which $0.30 per share is treated as return of capital for tax purposes.
Net asset value per common share was $10.98 and market price $10.31 as of May 31, 2026, with net assets applicable to common shareholders of $599.7 million. The portfolio is significantly leveraged: investments totaled 147.5% of net assets, supported by $284.1 million of variable rate demand preferred stock and $14.0 million of TOB floating rate notes, resulting in an asset coverage ratio of 311%. Net investment income was $22.5 million, with a reported net expense ratio of 2.70% and portfolio turnover of 8%.
WESTERN ASSET MANAGED MUNICIPALS FUND INC. had an initial ownership report filed by Kim Stout, identified as CCO/Subadviser. This Form 3 does not list any purchases, sales, gifts, or other transactions in the fund’s securities and shows no derivative positions or holdings details.
RiverNorth Capital Management, LLC filed an amended Schedule 13G/A reporting its beneficial ownership in Western Asset Managed Municipals Fund Inc. common stock as of 12/31/2025. RiverNorth reports beneficial ownership of 2,717,139 shares, representing 4.97% of the fund’s common shares.
The firm has sole power to vote and to dispose of all 2,717,139 shares and no shared voting or dispositive power. RiverNorth notes that other persons have the right to receive the proceeds from the sale of these securities. The filing is certified as a passive, ordinary-course investment not intended to change or influence control of the fund.
RiverNorth Capital Management, LLC filed Amendment No. 4 to Schedule 13G reporting beneficial ownership in Western Asset Managed Municipals Fund Inc. (MMU). RiverNorth reports ownership of 3,440,071 common shares, representing 6.3% of the class as of the event date.
The filer has sole voting and sole dispositive power over 3,440,071 shares, with no shared power. The filing certifies the securities were acquired and are held in the ordinary course of business and not to change or influence control. It also notes that other persons have the right to receive the proceeds from sales of the reported securities. The event date is 09/30/2025.
First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation filed a Schedule 13G reporting beneficial ownership of 3,296,566 common shares (6.04%) of Western Asset Managed Municipals Fund Inc. (MMU) as of September 30, 2025.
The group reports no sole voting or dispositive power. They have shared voting power over 16,197 shares and shared dispositive power over 3,296,566 shares. The holdings are primarily in unit investment trusts sponsored by First Trust; votes are cast by the trustee to reflect the broader shareholder base. The filers disclaim beneficial ownership of the shares and certify the securities are held in the ordinary course, not to change or influence control.
Western Asset Managed Municipals Fund Inc. provides definitive proxy materials for its annual meeting scheduled October 17, 2025 at Franklin Templeton, One Madison Avenue, 17th Floor, New York, NY at 10:00 a.m. Eastern. The proxy card seeks shareholder votes to elect Class II directors (named nominees include Nisha Kumar, Eileen A. Kamerick and Hillary A. Sale in one slate and alternate slates for two-class elections) and to ratify PricewaterhouseCoopers LLP as the Fund's independent registered public accountants for the fiscal year ending May 31, 2026.
The materials disclose director biographies, committee assignments and tenure, aggregate director compensation for fiscal year ended 05/31/25 and total compensation for calendar year ended 12/31/24 for each listed director, and principal shareholder holdings: Saba Capital Management, L.P. (5.14%) and RiverNorth Capital Management, LLC (8.78%). The card provides voting instructions, proxy appointment language, and contact/voting information (www.proxy-direct.com and 1-800-337-3503).
Western Asset Managed Municipals Fund Inc. director-subadviser representative Jeffrey Masom filed an initial ownership report stating that he does not beneficially own any securities of the fund. The Form 3 indicates no non-derivative or derivative securities are listed as owned, and the remarks section explicitly notes that no securities are beneficially owned.