MMU News and Press, Western Asset Managed Municipals Fund Inc. From 06/14/20

By Mark Paris, Chief Investment Officer, Head of Municipal Strategies, Invesco Fixed Income , and Timothy Spitz, Product Director We examine the state of the municipal bond market over the past few months. The municipal bond market has seen a nice recovery in investment-grade names ...

By David Ambler, Matthew Norton Default rates by municipal bond issuers have been remarkably low over the years. It's an impressive track record, and it explains why defaults by municipal issuers Puerto Rico and Detroit have made front-page news when they happen-they're actually quite rare...

By Patricia Healy, CFA, Senior Vice President of Research and Portfolio Manager Municipalities derive their revenues from many sources. At the state level, sales taxes, personal income taxes, and corporate taxes are the largest sources of revenue; and there are other taxes and fees that st...

Author's note: This article was released to members on June 1, 2020. Please check latest data before investing. The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund [CEF] sectors in the last week, as well as...

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Western Asset Managed Municipals Fund Inc. (NYSE: MMU), Western Asset Middle Market Debt Fund Inc. (XWAMX), Western Asset Middle Market Income Fund Inc. (XWMFX), Western Asset Mortgage Opportunity Fund Inc. (NYSE: DMO), Western Asset Municipal Defined Opportunity Tru...

Clarion Partners Real Estate Income Fund Inc. Class S Shares (CPRSX), Class T Shares (CPRTX), Class D Shares (CPRDX) and Class I Shares (CPREX), ClearBridge MLP and Midstream Fund Inc. (NYSE: CEM), ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO), ClearBridge MLP and Mids...

Western Asset Intermediate Muni Fund Inc. Western Asset Managed Municipals Fund Inc. Western Asset Municipal Partners Fund Inc. Western Asset Municipal High Income Fund Inc. Western Asset Municipal Defined Opportunity Trust Inc. Western Asset Intermediate Muni Fund Inc. (NYSE: SBI)...

During periods of economic uncertainty, near-term decisions can determine the nature and durability of the recovery that drives long-term credit quality. I believe there is some cause for optimism for recovery in the municipal bond market. There may be many bumps in the road, but fears of many...

Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared their distributions for the months of June, July and August 2020. The following dates apply to the distribution schedule below: This press release is not for tax reporting purposes but is...