Western Asset Managed Municipals Fund Inc. Announces Financial Position as
of August 31, 2012
NEW YORK -- November 08, 2012
Western Asset Managed Municipals Fund Inc. (NYSE: MMU) today announced the
financial position of the Fund as of August 31, 2012.
Current Q Previous Q Prior Yr Q
August 31, 2012 May 31, 2012 August 31, 2011
Total Assets (a) $ 855,857,360 $ 850,633,844 $ 788,158,378
Total Net Assets (a) $ 605,104,701 $ 594,961,831 $ 537,647,653
NAV Per Share of Common $ 14.20 $ 13.98 $ 12.70
Market Price Per Share $ 14.65 $ 13.86 $ 12.53
Premium / (Discount) 3.17 % (0.86 )% (1.34 )%
Outstanding Shares 42,622,817 42,562,180 42,345,099
Total Net Investment $ 8,859,656 $ 8,661,629 $ 9,231,561
Realized/Unrealized $ 8,907,967 $ 7,742,967 $ 14,644,279
Preferred Dividends Paid
from Net Investment $ (167,682 ) $ (189,763 ) $ (130,450 )
Net Increase (Decrease)
in Net Assets From $ 17,599,941 $ 16,214,833 $ 23,745,390
Earnings per Common
Total Net Investment $ 0.20 $ 0.20 $ 0.22
Realized/Unrealized $ 0.21 $ 0.18 $ 0.35
Preferred Dividends Paid
from Net Investment $ (0.00 ) $ (0.00 ) $ (0.00 )
(Decrease)in Net Assets $ 0.41 $ 0.38 $ 0.57
From Operations (c)
Undistributed Net $ 17,674,551 $ 17,286,230 $ 16,027,397
Investment Income (d)
Per Share (d) $ 0.41 $ 0.41 $ 0.38
Preferred Shares $ 250,000,000 $ 250,000,000 $ 250,000,000
(a) The difference between total assets and total net assets is due primarily
to its outstanding auction rate preferred stock (“ARPS); 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 Commission’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
investment management 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 Fund’s web
site at www.lmcef.com.
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.
Western Asset Managed Municipals Fund Inc.
Maria Rosati, 212-805-6036
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