Western Asset Managed Municipals Fund Inc. Announces Financial Position as of February 28, 2021
28 April 2021 - 10:00PM
Business Wire
Western Asset Managed Municipals Fund Inc. (NYSE: MMU) today
announced the financial position of the Fund as of February 28,
2021.
Current Q Previous Q Prior Yr Q February
28, 2021 November 30, 2020 February 29, 2020
Total Assets (a)
$
847,597,982
$
847,756,670
$
892,803,466
Total Net Assets (a)
$
598,806,407
$
599,587,530
$
623,155,994
NAV Per Share of Common Stock (b)
$
13.81
$
13.83
$
14.37
Market Price Per Share
$
12.65
$
12.61
$
13.35
Premium / (Discount)
(8.40
)%
(8.82
)%
(7.10
)%
Outstanding Shares
43,367,851
43,367,851
43,367,851
Total Net Investment Income (c)(d)
$
5,730,659
$
5,940,484
$
6,088,407
Total Net Realized/Unrealized Gain/(Loss) (c)
$
(565,818
)
$
7,144,422
$
25,304,249
Preferred Dividends Paid from Net Investment Income (c)
$
(91,304
)
$
(125,219
)
$
(802,668
)
Net Increase (Decrease) in Net Assets From Operations (c)
$
5,073,537
$
12,959,687
$
30,589,988
Earnings per Common Share
Outstanding Total Net Investment Income (c)(d)
$
0.13
$
0.14
$
0.14
Total Net Realized/Unrealized Gain/(Loss) (c)
$
(0.01
)
$
0.16
$
0.58
Preferred Dividends Paid from Net Investment Income (c)
$
(0.00
)
†
$
(0.00
)
†
$
(0.02
)
Net Increase (Decrease)in Net Assets From Operations (c)
$
0.12
$
0.30
$
0.70
Undistributed Net Investment Income (e)
$
(357,549
)
$
(142,244
)
$
514,138
Undistributed Net Investment Income Per Share (e)
$
(0.01
)
$
(0.00
)
†
$
0.01
Auction Rate Preferred Stock (e)
$
27,625,000
$
27,625,000
$
27,650,000
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. † Amount represents less than $0.01 per share.
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.
On July 31, 2020, Franklin Resources, Inc. (“Franklin
Resources”) acquired Legg Mason, Inc. (“Legg Mason”) in an all-cash
transaction. As a result of the transaction, Legg Mason Partners
Fund Advisor, LLC, previously a wholly owned-subsidiary of Legg
Mason, became a wholly-owned subsidiary of Franklin Resources.
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.lmcef.com. 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
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