Western Asset Managed Municipals Fund

MMU

Market cap $568M

NEW YORK--(BUSINESS WIRE)--Category: Financials.

The following Funds announced today their share repurchase activity during the second quarter of 2024.

Municipal CEFs have seen distribution hikes in response to activist attacks, aiming to tighten discounts and attract additional demand. Municipal bonds offer attractive valuations, high tax exemption value, and resilience during credit drawdowns, making them an appealing investment. We recently added to our muni CEF holdings on the back of these supporting tactical and strategic factors.

NEW YORK--(BUSINESS WIRE)--Category: Financials.

NEW YORK--(BUSINESS WIRE)--Effective March 1, 2024, the named portfolio management team responsible for the day-to-day oversight of the Fund is as follows:

NEW YORK--(BUSINESS WIRE)--Category: Distribution Related.