Western Asset Managed Municipals Fund Inc. Announces Distributions for the Months of December 2020, January and February 2021, Payable on December 31, 2020, February 01, 2021 and March 01, 2021 Respectively
November 17, 2020 at 08:00 am EST
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Western Asset Managed Municipals Fund Inc. declared dividend of $0.04500 for the months of Months of December 2020, January and February 2021, payable on December 31, 2020, February 01, 2021 and March 01, 2021 respectively to the shareholders record on December 23, 2020, January 22, 2021 and February 19, 2021 with the ex-dividend date of December 22, 2020, January 21, 2021 and February 18, 2021 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. Announces Distributions for the Months of December 2020, January and February 2021, Payable on December 31, 2020, February 01, 2021 and March 01, 2021 Respectively