Western Asset Managed Municipals Fund Inc. Reports Unaudited Earnings Results for the Quarter Ended February 28, 2018
April 16, 2018 at 08:30 am EDT
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Western Asset Managed Municipals Fund Inc. reported unaudited earnings results for the quarter ended February 28, 2018. For the quarter, the company reported total net investment income of USD 7,621,009 or USD 0.18 per share against USD 8,104,908 or USD 0.19 per share a year ago. Total net realized/unrealized loss was USD 11,018,461 or USD 0.26 per share against total net realized/unrealized gain of USD 5,682,310 or USD 0.13 per share a year ago. Net decrease in net assets from operations was USD 4,271,672 or USD 0.10 per share against net increase in net assets from operations USD 13,276,241 or USD 0.31 per share a year ago. Net asset value per share on common stock as on February 28, 2018 was USD 13.50 per share against USD 13.74 as on February 28, 2017.
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. 
