Western Asset Managed Municipals Fund Inc. Declares Dividend for the Months of December 2019, January and February 2020, Payable on December 31, 2019, February 03, 2020 and March 2, 2020 Respectively
November 21, 2019 at 08:00 am EST
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Western Asset Managed Municipals Fund Inc. declared dividend of $0.04500 for the months of December 2019, January and February 2020, payable on December 31, 2019, February 03, 2020 and March 2, 2020 Respectively to the shareholders record on December 20, 2019, January 24, 2020 and February 21, 2020 with the ex-dividend date of December 19, 2019, January 23, 2020 and February 20, 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 2019, January and February 2020, Payable on December 31, 2019, February 03, 2020 and March 2, 2020 Respectively