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WESTERN ASSET MANAGED MUNICIPALS FUND INC.
Western Asset Intermediate Muni Fund (SBI) is set to merge into Western Asset Managed Municipals Fund (MMU), with a shareholder meeting scheduled for November 18, 2026. Upon completion, SBI shareholders will receive MMU shares equivalent to the value of their holdings, and MMU will continue to operate under its existing name and ticker symbol.…more
WESTERN ASSET MANAGED MUNICIPALS FUND INC.
Western Asset Managed Municipals Fund Inc. received notification of effectiveness from the SEC for its securities registration, effective as of September 21, 2026. This filing confirms that the registration process for the fund's securities has been officially completed.…more
WESTERN ASSET MANAGED MUNICIPALS FUND INC.
Western Asset Intermediate Muni Fund (SBI) will merge into Western Asset Managed Municipals Fund (MMU), with a stockholder meeting scheduled for November 18, 2026, to approve the proposal. Upon completion, SBI shares will convert into MMU shares, and MMU will remain the surviving entity. The merger aims to achieve economies of scale and improved liquidity, supported by a 0.05% management fee waiver from Franklin Templeton for at least one year to offset merger-related expenses.…more
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