Western Asset Managed Municipals Fund Inc. (MMU): Robert D Agdern , director of Western Asset Managed Municipals Fund Inc. purchased 1,322 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 $15.14 per share for a total value of $20,017.20.
Institutional Investors own 10.9% of Western Asset Managed Municipals Fnd Inc shares.
Western Asset Managed Municipals Fund Inc. is a non-diversified closed-end management investment company. The Fund seeks to maximize current income exempt from federal income tax as is consistent with preservation of principal. It 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 (municipal obligations). 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 also seeks to invest up to 20% of its total assets in municipal bonds rated below investment grade by a nationally recognized statistical rating organization. Western Asset Management Company (Western Asset) is the Fund’s sub adviser. Legg Mason Partners Fund Advisor LLC (LMPFA) is the Fund’s investment manager.