Western Asset Managed Municipals Fund Inc. Declares Dividend for the Months of December 2018, January and February 2019, Payable on December 31, 2018, February 1, 2019 and March 3, 2019 Respectively
November 12, 2018 at 08:30 am EST
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Western Asset Managed Municipals Fund Inc. declared dividend of $0.05800 for the months of December 2018, January and February 2019, payable on December 31, 2018, February 1, 2019 and March 3, 2019 to the shareholders record on December 21, 2018, January 18, 2019 and February 15, 2019 with the ex-dividend date of December 20, 2018, January 17, 2019 and February 14, 2019 respectively.
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 Inc. Declares Dividend for the Months of December 2018, January and February 2019, Payable on December 31, 2018, February 1, 2019 and March 3, 2019 Respectively