Western Asset Managed Municipals Fund Inc. Announces Financial Status as of February 28, 2022

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Western Asset Managed Municipals Fund Inc. MMU today announced the Fund’s financial position as of February 28, 2022

Current Q Previous question Previous year Q
February 28, 2022 November 30, 2021 February 28, 2021
Total assets (a)

$

842 317 192

$

870 680 752

$

847 597 982

Total net assets (a)

$

576 405 720

$

608 883 186

$

598 806 407

Net asset value per ordinary share (b)

$

13.29

$

14.04

$

13.81

Market price per share

$

12.27

$

13.13

$

12.65

Premium / (Discount)

(7.67

)%

(6.48

)%

(8:40 a.m.

)%

Outstanding shares

43,367,851

43,367,851

43,367,851

Total net investment income (c)(d)

$

4,930,462

$

5,193,137

$

5,730,659

Total net realized/unrealized gains/(losses) (c)

$

(32,018,663

)

$

(7,207,065

)

$

(565,818

)

Preferred dividends paid out of net investment income (c)

$

(120,072

)

$

(75,601

)

$

(91,304

)

Net increase (decrease) in net assets from operations (c)

$

(27,208,273

)

$

(2,089,529

)

$

5,073,537

Earnings per outstanding common share
Total net investment income (c)(d)

$

0.11

$

0.12

$

0.13

Total net realized/unrealized gains/(losses) (c)

$

(0.74

)

$

(0.17

)

$

(0.01

)

Preferred dividends paid out of net investment income (c)

$

(0.00

)

$

(0.00

)

$

(0.00

)

Net increase (decrease) in net assets from operations (c)

$

(0.63

)

$

(0.05

)

$

0.12

Net undistributed investment income (e)

$

(968,422

)

$

(899,929

)

$

(357,549

)

Undistributed net investment income
Per Share (e)

$

(0.02

)

$

(0.02

)

$

(0.01

)

Auction rate Preferred shares (e)

$

27,625,000

$

27,625,000

$

27,625,000

Floating Rate Demand Preferred Shares (e)

$

217,575,000

$

217,575,000

$

217,575,000

Footnotes :

(a)

The difference between the total assets and the total net assets of the Fund is mainly explained by its auction rate preferred shares (“ARPS”) and floating rate preferred shares (“VRDPS”); total net assets do not include the liquidation value of ARPS and VRDPS.

(b)

NAVs are calculated at the close of business on the last business day of the periods indicated above.

(vs)

For the quarter indicated.

(D)

Excludes distributions paid to preferred shareholders from net investment income.

(e)

From the date indicated above.

The amount represents less than $0.01 per share.

These financial data are not audited.

The Fund files its semi-annual and annual reports with the Securities and Exchange Commission (“SEC”), along with its complete schedule of portfolio holdings for the first and third quarters of each fiscal year as an attachment to its reports on Form N -PORT. These reports are available on the SEC’s website at www.sec.gov. For information on N-PORT forms or a semi-annual or annual report of the Fund, shareholders can call 1-888-777-0102.

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 , a subsidiary of the Manager.

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 complete audited financial statements of the Fund are available free of charge upon request.

The data and comments provided in this press release are for informational purposes only. Franklin Resources and its affiliates do not engage in the sale of shares of the Fund.

Category: Finance

Source: Franklin Resources, Inc.

Source: Legg Mason Closed-End Fund


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