Western Asset Managed Municipals Fund Inc. Declares Dividend for the Months of June, July and August 2020, Payable on July 1, 2020, August 3, 2020 and September 1, 2020 Respectively
May 19, 2020 at 08:00 am EDT
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Western Asset Managed Municipals Fund Inc. declared dividend of $0.04500 for the months of June, July and August 2020, payable on July 1, 2020, August 3, 2020 and September 1, 2020 respectively to the shareholders record on June 23, 2020, July 24, 2020 and August 24, 2020 with the ex-dividend date of June 22, 2020, July 23, 2020 and August 21, 2020 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 June, July and August 2020, Payable on July 1, 2020, August 3, 2020 and September 1, 2020 Respectively