MMU Research | Milton Maxwell

MMU

Western Asset Managed Municipals Fund Inc.

10.54

+0.08+0.77%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

575.68M

P/E (TTM)

Basic EPS (TTM)

-0.06

Dividend Yield

0.06%

Recent Filings

8-K

Bylaws fully restated

11/20/24Nov 20, 2024

Western Asset Managed Municipals Fund Inc. amended and restated its bylaws in full, effective November 15, 2024, tightening rules on stockholder special meetings and director nominations. These changes demand majority stockholder support for special meetings and detailed disclosures for proposals, while bolstering board qualifications under the 1940 Act. Governance just got stricter. No business impacts disclosed.

8-K

Bylaws fully restated

8/18/20Aug 18, 2020

Western Asset Managed Municipals Fund Inc. amended and restated its bylaws in full, effective August 14, 2020, tightening stockholder procedures for calling special meetings and nominating directors. These changes demand majority stockholder support for special meetings and impose strict notice timelines and disclosures for proposals, while allowing remote participation in meetings. Bylaws now specify director qualifications, including experience and regulatory compliance. Governance just got stricter.

8-K

Bylaws enable virtual meetings

4/2/20Apr 2, 2020

Western Asset Managed Municipals Fund amended its bylaws on April 1, 2020, to allow stockholder meetings via remote communication, even after notice is sent. This update enables virtual participation while ensuring verification of attendees and voting integrity. The change adapts to modern needs. No financial impact disclosed.

8-K

Bylaws fully restated for governance

11/6/19Nov 6, 2019

Western Asset Managed Municipals Fund Inc. amended and restated its bylaws in full on October 31, 2019, tightening stockholder procedures for calling special meetings and nominating directors. These changes demand majority stockholder support for special meetings, detailed disclosures for proposals, and stricter director qualifications under the 1940 Act. Governance sharpens. Yet investors should note the exclusive Maryland forum for corporate disputes.

8-K

New director appointed

1/2/19Jan 2, 2019

Western Asset Managed Municipals Fund Inc. appointed Nisha Kumar as a director effective January 1, 2019, bringing her expertise as CFO and Chief Compliance Officer at Greenbriar Equity Group, alongside prior roles at Rent the Runway and AOL. This follows the retirement of Dr. Riordan Roett and Leslie H. Gelb on December 31, 2018. Kumar joins key committees. Board refresh strengthens governance.

About

Western Asset Managed Municipals Fund Inc. is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company. It invests in the fixed income markets of the United States. The fund invests in securities that provide income exempt from federal income tax. It invests primarily in investment grade municipal securities. The fund employs intensive proprietary research to create its portfolio. It benchmarks the performance of its portfolio against the Barclays Capital Municipal Bond Index. The fund was formerly known as Managed Municipals Portfolio Inc. Western Asset Managed Municipals Fund Inc. was formed on June 26, 1992 and is domiciled in the United States.

CEO

Mr. Kenneth Donald Fuller

IPO

7/17/1992

Website

https://individualinvestor.myleggmason.com/portal/server.pt?open=512&objID=1434&cached=true&mode=2&userID=355661&mktcd=MMU

Sector

Financial Services

Industry

Asset Management