Western Asset Manated Municipals Fund Inc. (NYSE: MMU) reported its financial position as of August 31, 2024. The fund’s total assets amounted to $932.67 million and total net assets amounted to $640.33 million. NAV per share increased to $11.72 from $11.39 in the prior quarter, and market price per share increased to $10.76. The Fund delivered strong results with total net investment income of $7.73 million and total net realized/unrealized gains of $21.98 million. The discount to NAV improved to -8.19% from -12.82% in the previous quarter.
Western Asset Manated Municipals Fund Inc. (NYSE: MMU) reported its financial position 31 days ago, 2024. We have invested a total of $932.67 million and a total of $640.33 million. The NAV per period is $11,72, with a respect of $11,39 in trimestre and a pre-trade of $10,76 per period. Best performer for $77.3 million investment and $219.8 million realistic/unrealistic investment. The NAV is -8,19% and the risk is -12,82% compared to the previous example.
Western Asset Manated Municipals Fund Inc. (NYSE: MMU) reported financial results on March 31, 2024. The total loss activity was $932.67 million, and the total activity funds were $643.3 million. NAV for the previous period is $11,72, $11,39 for the previous period and $10,76 for the prior period. The most accurate estimate is a total of $77.3 million in revenue and $219.8 million in realistic material. The average NAV for the previous period was -8,19% and -12,82%.
Western Asset Managed Municipals Fund Inc. (NYSE: MMU) was incorporated on August 31, 2024. NAV 11.39 11.72 10.76 It’s a good idea. 73 73 73 73 73 73 73 73 73 73 73 It’s okay. NAV recorded -12.82%, -8.19%.
Western Asset Managed Municipals Fund Inc. (NYSE: MMU) established a financial institution relationship on March 31, 2024. Their total assets are $932.67 million and their average total net worth is $640.33 million. La valeur nette d’inventaire (NAV) action is $11,72, against trimestre $11,39 and Marche action $10,76. The total net investment was $773 million and the net proceeds were $2198 million, with positive performance attached. The highest return on NAV is -8,19% vs. trimestre -12,82%.
Western Asset Managed Municipals Fund Inc. (NYSE: MMU) is a bottom trawl financial asset as of August 31, 2024. Die Gesamtsumme der Vermögenswerte des Fonds erreichte 932,67 Millionen Dollar mit einem Gesamtnettowert von 640,33 Millionen Dollar. NAV pro Aktie stieg costs $11,39, receives Quartal auf $11,72, Marktpreis pro Aktie auf $10,76. We value performance of $77.3 million and seek a realistic profit of $2198 million. The NAV result is -12,82% and the Quartal auf -8,19%.
October 29, 2024 – 8 a.m.
NEW YORK–(BUSINESS WIRE)–Western Asset Managed Municipals Fund, Inc. (NYSE:MMU) today announced the Fund’s financial position as of August 31, 2024.
Current Q Previous Q Previous Q August 31, 2024 May 31, 2024 August 31, 2023 Total assets (a)
$
932,675,639
$
930,262,471
$
712,557,833
Total net assets (a)
$
640,332,010
$
622,353,125
*
$
490,880,487
NAV per common share (b)
$
11.72
$
11.39
$
11.32
Market price per share
$
10.76
$
9.93
$
9.59
Premium / (Discount)
(8.19
)%
(12.82
)%
(15.28
)%
Number of issued shares
54,619,848
54,654,289
*
43,367,851
Total net investment income (c)(d)
$
7,735,303
$
6,851,355
$
5,701,967
Total net realized gain/unrealized gain/(loss) (c)
$
21,981,652
$
(15,910,772
)
$
(7,887,616
)
Preferred dividends paid out of net investment income (c)
$
(2,429,462
)
$
(2,655,326
)
$
(1,951,215
)
Net increase/decrease in operating net assets (c)
$
27,287,493
$
(11,714,743
)
$
(4,136,864
)
Earnings per share of common stock Total net investment income outstanding (c)(d)
$
0.14
$
0.13
$
0.13
Total net realized gain/unrealized gain/(loss) (c)
$
0.40
$
(0.29
)
$
(0.18
)
Preferred dividends paid out of net investment income (c)
$
(0.04
)
$
(0.05
)
$
(0.04
)
Change in operating net assets (c)
$
0.50
$
(0.21
)
$
(0.09
)
Undistributed net investment income (e)
$
(6,849,766
)
$
(3,224,569
)
$
(2,705,109
)
Undistributed net investment income per share (e)
$
(0.13
)
$
(0.06
)
$
(0.06
)
Auction rate preferred stock (e)
$
–
$
–
$
1,300,000
Floating rate demand preferred stock (e)
$
284,075,000
$
284,075,000
$
217,575,000
footnote:
(a)
The difference between the Fund’s total assets and total net assets is primarily due to its Balance 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)
NAV is calculated at the close of business on the last business day of the period specified above.
(c)
For the indicated quarter.
(d)
Net investment income excludes distributions paid to preferred stockholders.
(e)
As of the date above.
*
On October 31, 2023, the Fund acquired the assets and certain liabilities of Western Asset Municipal Partners Fund Inc.
This financial data has not been audited.
The Fund files semiannual and annual reports with the Securities and Exchange Commission (“SEC”) and provides a complete list of its portfolio holdings for the first and third quarter of each fiscal year as an exhibit to the report on Form N. Submit a schedule. -port. These reports are available on the SEC’s website at www.sec.gov. To obtain information regarding Forms N-PORT and semi-annual or annual reports from the Fund, shareholders may call 1-888-777-0102.
Western Asset Manated Municipals Fund Inc. is a non-diversified closed-end investment management company advised by Franklin Templeton Fund Adviser, LLC (“FTFA”) (previously known as Legg Mason Partners Fund Advisor, LLC) Western Asset Management Company, LLC (“Western Asset”). FTFA and Western Asset are indirect wholly owned subsidiaries of Franklin Resources, Inc. (“Franklin Resources”).
For more information about the Fund, please call 1-888-777-0102 or visit the Fund’s website 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.
The data and commentary provided in this press release are for informational purposes only. Franklin Resources and its affiliates are not involved in the sale of Fund shares.
Category: Finance
Source: Franklin Resources, Inc.
Source: Legg Mason Closed-End Fund
View source version on businesswire.com: https://www.businesswire.com/news/home/20241029814311/en/
Investor Contact: Fund Investor Services 1-888-777-0102
Source: Franklin Resources, Inc. and Legg Mason Closed-End Funds
FAQ
What is MMU’s net asset value (NAV) per share as of August 31, 2024?
MMU’s NAV per share as of August 31, 2024 was $11.72, an increase from $11.39 in the prior quarter.
What is the total net investment income reported by MMU for the quarter ended August 31, 2024?
MMU reported total net investment income of $7,735,303 for the quarter ended August 31, 2024.
What is the current discount in MMU’s market price compared to NAV?
As of August 31, 2024, MMU’s market price was trading at a discount of 8.19% to NAV, improving from the prior quarter’s discount of 12.82%.
How did MMU’s total assets change from August 2023 to August 2024?
MMU’s total assets increased from $712.56 million in August 2023 to $932.68 million in August 2024, representing a significant increase over the year.
