Western Asset Managed Municipals Fund Inc. Reports Unaudited Earnings Results for the period ended August 31, 2017
October 09, 2017 at 08:00 am EDT
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Western Asset Managed Municipals Fund Inc. reported unaudited earnings results for the period ended August 31, 2017. For the quarter, the company reported total net investment income of $8,131,105 or $0.19 per share against $8,078,898 or $0.19 per share a year ago. Total net realized/unrealized gain was $3,311,857 or $0.08 per share against $8,386,166 or $0.19 per share a year ago. Net increase in net assets from operations was $10,788,185 or $0.25 per share against $16,122,656 or $0.37 per share a year ago. Net asset value per share on common stock as on August 31, 2017 was $14.05 per share against $14.78 as on August 31, 2016.
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. 
