Western Asset Municipal Partners Fund Inc. (MNP) Files Form 4 Insider Buying : Robert D Agdern Buys 1,180 Shares

Western Asset Municipal Partners Fund Inc. (MNP): Robert D Agdern , director of Western Asset Municipal Partners Fund Inc. purchased 1,180 shares on Apr 8, 2016. The Insider buying transaction was disclosed on Apr 11, 2016 to the Securities and Exchange Commission. The shares were purchased at $16.96 per share for a total value of $20,011.74.

Currently the company Insiders own 1% of Western Asset Municipal Partners Fnd Inc shares according to the proxy statements.Institutional Investors own 10.78% of Western Asset Municipal Partners Fnd Inc shares.

Western Asset Municipal Partners Fund Inc. is a diversified closed-end management investment company. The Fund’s investment objective is to seek a high level of current income which is exempt from federal income taxes consistent with the preservation of capital. As a secondary investment objective the Fund also seeks to enhance portfolio value by purchasing tax-exempt securities that may appreciate in value relative to other similar obligations in the marketplace. The Fund invests primarily in tax-exempt securities that are rated investment grade at the time of purchase by at least one rating agency. The Fund may invest up to 20% of its net assets in securities rated below investment grade at the time of purchase. Legg Mason Partners Fund Advisor LLC (LMPFA) is the Fund’s investment manager. Its sub-advisor is Western Asset Management Company (Western Asset). LMPFA and Western Asset are wholly owned subsidiaries of Legg Mason Inc.

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