Western Asset Managed Municipals Fnd Inc (N:MMU)
Business Focus: Closed End Funds
| Sector: Financials | Industry: Closed End Funds |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 620 Eighth Avenue, 47th Floor NEW YORK NY 10018 |
| Tel: | N/A |
| Website: | www.leggmason.com |
| IR: | See website |
| Key People | ||
| Jane E. Trust Chairman of the Board, President, Chief Executive Officer | Christopher Berarducci Principal Financial Officer, Treasurer | Jeanne M. Kelly Senior Vice President |
| Thomas C. Mandia Senior Vice President | Fred Jensen Chief Compliance Officer | Marc A. De Oliveira Secretary, Chief Legal Officer |
| Business Overview |
| Western Asset Managed Municipals Fund Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund's investment objective is to seek as high a level of current income exempt from federal income tax as is consistent with preservation of capital. When pursuing its investment objective, the Fund seeks to maximize current income exempt from federal income tax as is consistent with preservation of principal. The Fund seeks to achieve its objective by investing primarily in long-term investment grade municipal debt securities issued by state and local governments, political subdivisions, agencies, and public authorities. Under normal market conditions, the Fund will invest at least 80% of its total assets in municipal obligations rated investment grade at the time of investment. The Fund invests in a range of sectors, including health care, power, leasing, education, housing, and others. Legg Mason Partners Fund Advisor, LLC. is the investment manager of the Fund. |
| Financial Overview |
| For the six months ended 30 November 2023, Western Asset Managed Municipals Fnd Inc revenues increased 12% to $16.5M. Net income applicable to common stockholders totaled $14.4M vs. loss of $23.3M. Revenues reflect Dividends from affiliated investments increase of 70% to $1K. Net Income reflects Unrealized Capital Gains/Losses - Total increase from $19.8M (expense) to $10.9M (income), Net Realized Gain decrease of 63% to $4.7M (expense). |
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