Western Asset Managed Municipals Fund Inc. Announces Financial Position as of August 31, 2023
October 24 2023 - 8:00AM
Business Wire
Western Asset Managed Municipals Fund Inc. (NYSE: MMU) today
announced the financial position of the Fund as of August 31,
2023.
Current Q Previous Q Prior Yr Q August 31,
2023 May 31, 2023 August 31, 2022 Total Assets
(a)
$
712,557,833
$
732,714,417
$
756,705,142
Total Net Assets (a)
$
490,880,487
$
499,766,131
$
507,607,464
NAV Per Share of Common Stock (b)
$
11.32
$
11.52
$
11.70
Market Price Per Share
$
9.59
$
9.84
$
10.44
Premium / (Discount)
(15.28
)%
(14.58
)%
(10.77
)%
Outstanding Shares
43,367,851
43,367,851
43,367,851
Total Net Investment Income (c)(d)
$
5,701,967
$
5,741,643
$
5,569,048
Total Net Realized/Unrealized Gain/(Loss) (c)
$
(7,887,616
)
$
4,898,922
$
(21,278,813
)
Preferred Dividends Paid from Net Investment Income (c)
$
(1,951,215
)
$
(1,803,078
)
$
(812,027
)
Net Increase (Decrease) in Net Assets From Operations (c)
$
(4,136,864
)
$
8,837,487
$
(16,521,792
)
Earnings per Common Share
Outstanding Total Net Investment Income (c)(d)
$
0.13
$
0.13
$
0.13
Total Net Realized/Unrealized Gain/(Loss) (c)
$
(0.18
)
$
0.11
$
(0.49
)
Preferred Dividends Paid from Net Investment Income (c)†
$
(0.04
)
$
(0.04
)
$
(0.02
)
Net Increase (Decrease)in Net Assets From Operations (c)
$
(0.09
)
$
0.20
$
(0.38
)
Undistributed Net Investment Income (e)
$
(2,705,109
)
$
(1,707,081
)
$
(1,691,673
)
Undistributed Net Investment Income Per Share (e)
$
(0.06
)
$
(0.04
)
$
(0.04
)
0
0
0
Auction Rate Preferred Stock (e)
$
1,300,000
$
1,300,000
$
27,625,000
Variable Rate Demand Preferred Stock (e)
$
217,575,000
$
217,575,000
$
217,575,000
Footnotes:
(a) The difference between the Fund’s total assets and total net
assets is due primarily to its outstanding auction rate preferred
stock (“ARPS) and variable rate demand preferred stock (“VRDPS”);
total net assets do not include the liquidation value of ARPS and
VRDPS. (b) NAVs are calculated as of the close of business on the
last business day in the periods indicated above. (c) For the
quarter indicated. (d) Excludes distributions paid to preferred
stockholders from net investment income. (e) As of the date
indicated above.
This financial data is unaudited.
The Fund files its semi-annual and annual
reports with the Securities and Exchange Commission (“SEC”), as
well as its complete schedule of
portfolio holdings for the first and third quarters of each fiscal
year as an exhibit to its reports on Form N-PORT.
These reports are available on the SEC’s
website at www.sec.gov. To obtain information on Forms N-PORT or
a semi-annual or annual report from
the Fund, shareholders can call 1-888-777-0102.
Western Asset Managed Municipals Fund Inc., a non-diversified,
closed-end investment management company, is managed by Legg Mason
Partners Fund Advisor, LLC, a wholly-owned subsidiary of Franklin
Resources, and is sub-advised by Western Asset Management Company,
an affiliate of the manager.
For more information about the Fund, please call 1-888-777-0102
or consult the Fund’s web site at
www.franklintempleton.com/investments/options/closed-end-funds.
Hard copies of the Fund’s complete audited financial statements are
available free of charge upon request.
Data and commentary provided in this press release are for
informational purposes only. Franklin Resources and its affiliates
do not engage in selling shares of the Fund.
Category: Financials Source: Franklin Resources, Inc. Source:
Legg Mason Closed End Funds
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231024420718/en/
Investor Contact: Fund Investor Services
1-888-777-0102
Westerm Asset Managed Mu... (NYSE:MMU)
Historical Stock Chart
From Jun 2024 to Jul 2024
Westerm Asset Managed Mu... (NYSE:MMU)
Historical Stock Chart
From Jul 2023 to Jul 2024