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Western Asset Managed Municipals Fund Inc. Announces Financial Position as of August 31, 2011


Published on 2011-10-19 14:13:08 - Market Wire
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NEW YORK--([ BUSINESS WIRE ])--Western Asset Managed Municipals Fund Inc. (NYSE: MMU) today announced the financial position of the Fund as of August 31, 2011.

"ARPS); total net assets do not include the liquidation value of ARPS."

Current Q Previous Q Prior Yr Q
August 31, 2011May 31, 2011August 31, 2010
Total Assets (a) $ 788,158,378 $ 779,629,222 $ 801,358,803
Total Net Assets (a) $ 537,647,653 $ 522,159,557 $ 544,441,273
NAV Per Share of Common Stock (b) $ 12.70 $ 12.33 $ 12.94
Market Price Per Share $ 12.53 $ 12.26 $ 13.24
Premium / (Discount) (1.34)% (0.57)% 2.32%
Outstanding Shares 42,345,099 42,345,099 42,087,760
Total Net Investment Income (c) $ 9,231,561 $ 9,358,327 $ 9,317,686
Total Net Realized/Unrealized Gain/(Loss) (c) $ 14,644,279 $ 20,090,320 $ 3,352,267
Preferred Dividends Paid from Net Investment Income (c) $ (130,450) $ (234,663) $ (262,770)
Net Increase (Decrease) in Net Assets From Operations (c) $ 23,745,390 $ 29,213,984 $ 12,407,183

Earnings per Common Share Outstanding

Total Net Investment Income (c) $ 0.22 $ 0.22 $ 0.22
Total Net Realized/Unrealized Gain/(Loss) (c) $ 0.35 $ 0.47 $ 0.08
Preferred Dividends Paid from Net Investment Income (c) $ (0.00) $ (0.00) $ (0.01)
Net Increase (Decrease)in Net Assets From Operations (c) $ 0.57 $ 0.69 $ 0.29
Undistributed Net Investment Income (d) $ 16,027,397 $ 15,183,580 $ 13,307,394
Undistributed Net Investment Income
Per Share (d) $ 0.38 $ 0.36 $ 0.32
Preferred Shares Outstanding (d) $ 250,000,000

$ 250,000,000

$ 250,000,000

Footnotes:

(a) The difference between total assets and total net assets is due primarily to its outstanding auction rate preferred stock (aARPS); total net assets do not include the liquidation value of ARPS.

(b) NAVs are calculated as of the close of business on the last business day in the periods indicated above.

(c) For the quarter indicated.

(d) As of the date indicated above.

This financial data is unaudited.

The Fund files its semi-annual and annual reports with the Securities and Exchange Commission, as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year on Form N-Q. These reports are available on the Commissiona™s website at [ www.sec.gov ]. To obtain information on Form N-Q or a semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.

Western Asset Managed Municipals Fund Inc., a non-diversified, closed-end management investment company, is managed by Legg Mason Partners Fund Advisor, LLC, a wholly-owned subsidiary of Legg Mason, Inc., and is sub-advised by Western Asset Management Company, an affiliate of the manager.

For more information, please call 1-888-777-0102 or consult the Funda™s web site at [ www.leggmason.com/cef ].

Data and commentary provided in this press release are for informational purposes only. Legg Mason and its affiliates do not engage in selling shares of the Fund.

Contributing Sources