Western Asset Managed Municipals Fund Inc. Reports Unaudited Earnings Results for the First Quarter Ended August 31, 2016
December 15, 2016 at 08:00 am EST
Share
Western Asset Managed Municipals Fund Inc. reported unaudited earnings results for the first quarter ended August 31, 2016. For the quarter, the company reported total net investment income of USD 8,078,898 or USD 0.19 per share against USD 8,112,327 or USD 0.19 per share a year ago. Total net realized/unrealized gain was USD 8,386,166 or USD 0.19 per share against total net realized/unrealized loss of USD 9,869,203 or USD 0.23 per share a year ago. Net increase in net assets from operations was USD 16,122,656 or USD 0.37 per share against net decrease in net assets from operations of USD 1,841,101 or USD 0.04 per share a year ago. Net asset value per share on common stock as on August 31, 2016 was USD 14.78 per share against USD 14.16 as on August 31, 2015.
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. 
