Insider Chart Past 6 Months
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Filings by transaction date
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Feb 12, 2024 (filed on Feb 12, 2024)Insider Name:Buchanan Michael CarltonOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:Form 3 : Initial Statement of Beneficial Ownership of Securities# or value acquired/disposed of:--Price:--
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Jan 03, 2024 (filed on Jan 03, 2024)Insider Name:Hinkle Matthew T.Ownership Type:Direct OwnershipSecurities:Common StockNature of Transaction:Form 3 : Initial Statement of Beneficial Ownership of Securities# or value acquired/disposed of:--Price:--
Filings by filing date
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Feb 12, 2024 (filed on Feb 12, 2024)Insider Name:Buchanan Michael CarltonOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:Form 3 : Initial Statement of Beneficial Ownership of Securities# or value acquired/disposed of:--Price:--
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Jan 03, 2024 (filed on Jan 03, 2024)Insider Name:Hinkle Matthew T.Ownership Type:Direct OwnershipSecurities:Common StockNature of Transaction:Form 3 : Initial Statement of Beneficial Ownership of Securities# or value acquired/disposed of:--Price:--
News
Biz Brief
| Sector: Financials | Industry: Closed End Funds |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 620 Eighth Avenue, 47th Floor NEW YORK NY 10018 |
| Tel: | N/A |
| Website: | www.leggmason.com |
| IR: | See website |
| Key People | ||
| Jane E. Trust Chairman of the Board, President, Chief Executive Officer | Christopher Berarducci Principal Financial Officer, Treasurer | Jeanne M. Kelly Senior Vice President |
| Thomas C. Mandia Senior Vice President | Fred Jensen Chief Compliance Officer | Marc A. De Oliveira Secretary, Chief Legal Officer |
| Business Overview |
| 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. |
| Financial Overview |
| For the six months ended 30 November 2023, Western Asset Managed Municipals Fnd Inc revenues increased 12% to $16.5M. Net income applicable to common stockholders totaled $14.4M vs. loss of $23.3M. Revenues reflect Dividends from affiliated investments increase of 70% to $1K. Net Income reflects Unrealized Capital Gains/Losses - Total increase from $19.8M (expense) to $10.9M (income), Net Realized Gain decrease of 63% to $4.7M (expense). |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | N/A |
| Annual revenue (TTM): | $32.02M as of Nov 30, 2023 |
| EBITDA (TTM): | $16.77M as of Nov 30, 2023 |
| Net annual income (TTM): | $26.56M as of Nov 30, 2023 |
| Free cash flow (TTM): | $19.31M as of Nov 30, 2023 |
| Net Debt Last Fiscal Year: | $296.22M as of Nov 30, 2023 |
| Shares outstanding: | 54,767,844 as of Nov 30, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |