Western Asset Managed Municipals Fund : LMP/Western Asset Closed-End Funds with Auction Rate Preferred Securities (ARPS) Current Month End Rate Information as of August 31, 2022
September 07, 2022 at 02:50 pm IST
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Western Asset Managed Municipals Fund Inc. published this content on 07 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 September 2022 09:19:07 UTC.
Western Asset Managed Municipals Fund Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund's investment objective is to seek as high a level of current income exempt from federal income tax as is consistent with preservation of capital. When pursuing its investment objective, the Fund seeks to maximize current income exempt from federal income tax as is consistent with preservation of principal. The Fund seeks to achieve its objective by investing primarily in long-term investment grade municipal debt securities issued by state and local governments, political subdivisions, agencies, and public authorities. Under normal market conditions, the Fund will invest at least 80% of its total assets in municipal obligations rated investment grade at the time of investment. The Fund invests in a range of sectors, including health care, power, leasing, education, housing, and others. Legg Mason Partners Fund Advisor, LLC. is the investment manager of the Fund.
Western Asset Managed Municipals Fund : LMP/Western Asset Closed-End Funds with Auction Rate Preferred Securities (ARPS) Current Month End Rate Information as of August 31, 2022