Western Asset Municipal Partners Fund Inc. (MNP): Inc Citigroup , 10% owner of Western Asset Municipal Partners Fund Inc. purchased 250 shares on Sep 23, 2016. The Insider buying transaction was reported by the company on Sep 27, 2016 to the Securities and Exchange Commission. The shares were purchased at $50,000.00 per share for a total value of $125 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 19, 2016, Eileen A Kamerick (director) purchased 1,259 shares at $16.87 per share price.On Apr 11, 2016, Robert D Agdern (director) purchased 1,180 shares at $16.96 per share price.Also, On Jun 29, 2015, Inc Citigroup (10% owner) sold 500 shares at $25,000.00 per share price.On Mar 13, 2015, Bank Comerica (10% owner) purchased 61 shares at $50,000.00 per share price.
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.