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Western Asset Managed Municipals Fund (MMU) 424B Filings

MMU NYSE

Here are the 424B prospectus supplements from Western Asset Managed Municipals Fund, Inc (MMU) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 424B covers the supplement that carries the terms of a priced offering, so if you follow MMU and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MMU filings page.

Rhea-AI Summary

WESTERN ASSET MANAGED MUNICIPALS FUND INC. (MMU) is proposing a merger in which Western Asset Intermediate Muni Fund Inc. (SBI) will be merged into MMU, and SBI stockholders will receive MMU common shares equal in dollar value to their SBI holdings, based on each fund’s NAV just before closing, with cash paid in lieu of fractional shares. MMU will also issue Series 3 Variable Rate Demand Preferred Stock to replace SBI’s Series 1 VRDPS on an equal aggregate liquidation-preference and terms basis, including accrued but unpaid dividends. The boards of both funds unanimously approved the transaction and state it is intended to qualify as a tax‑free reorganization under Section 368(a) of the Code. Pro forma, total expenses excluding leverage are projected at 1.05% of net assets for the combined fund, versus 1.18% for SBI and 1.07% for MMU separately; including leverage, total expenses are projected at 2.68% versus 2.51% for SBI and 2.70% for MMU. Leverage is expected to move from 28.5% at SBI and 32.1% at MMU to about 31.4% for the combined fund, with a temporary 0.05% management‑fee waiver to limit merger‑cost impact. The merger is expected to close on or about January 11, 2027 if approved at SBI’s November 18, 2026 meeting.