On February 13, 2024, Saba Capital Management, L.P. and Boaz R. Weinstein announced that they are hereby withdrawing their opposition to the approval of a new management contract between Putnam Managed Municipal Income Trust (the Fund) and Putnam Investment Management, LLC (Putnam Management), and a new sub-advisory contract between Putnam Management and Putnam Investments Limited at the Fund?s upcoming special meeting of shareholders (the Special Meeting).