- Western Asset Managed Municipals Fund Inc. (MMU, Financial) reported total assets of $923.5 million as of February 28, 2025, showing a decline from the previous quarter.
- NAV per share decreased to $11.45, while the market price per share fell to $10.52, with an improved discount to NAV at -8.12%.
- The fund experienced a net decrease in assets from operations amounting to $4.96 million during the quarter.
Western Asset Managed Municipals Fund Inc. (MMU) has published its financial position as of February 28, 2025. The fund reported total assets of $923.5 million, representing a decline from $954.4 million in the previous quarter and $930.4 million in the prior year. Total net assets also saw a decrease to $625.4 million from $639.3 million in November 2024 and $644.2 million in February 2024.
The Net Asset Value (NAV) per share stood at $11.45, down from $11.71 in November 2024. The market price per share dropped to $10.52 from $10.67, with the discount to NAV improving from -8.88% to -8.12%. The stability in outstanding shares was maintained at 54,618,848, while the fund held $284.07 million in Variable Rate Demand Preferred Stock.
The fund's total net investment income for the quarter was $7.5 million, while it recorded a net realized/unrealized loss of $10.4 million, resulting in a net decrease in assets from operations of $4.96 million. This is a reversal from the previous quarter's increase of $7.91 million and a notable change from the $23.33 million increase seen in the prior year.
