Western Asset Managed Municipals Fund Inc. Appoints Nisha Kumar as a Class II Director
October 07, 2019 at 08:00 am EDT
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Western Asset Managed Municipals Fund Inc. at its annual general meeting held on October 4, 2019 announced the appointment of Nisha Kumar as a Class II Director of the Fund by holders of the Fund’s auction rate cumulative preferred stock and variable rate demand preferred stock, voting together as a single class, to hold office until the annual meeting of shareholders in the year 2022 or thereafter when her successor is duly elected and qualified or until she resigns or are otherwise removed.
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. 
