PMM News and Press, Putnam Managed Municipal Income Trust From 04/21/23

2023-04-21 10:29:48 ET Putnam Managed Municipal Income Trust ( NYSE: PMM ) declares $0.0238/share monthly dividend , in line with previous. Forward yield 4.76% Payable June 1; for shareholders of record May 24; ex-div May 23. See PMM Dividend Scorecard, Yield...

2023-03-24 10:23:29 ET Putnam Managed Municipal Income Trust ( NYSE: PMM ) declares $0.0238/share monthly dividend , -25.6% decrease from prior dividend of $0.0320. Forward yield 4.4% Payable May 1; for shareholders of record April 24; ex-div April 21. Se...

19 out of 23 CEF sectors positive on price and 17 out of 23 sectors positive on NAV last week. SMM will pay a "Saba special distribution", funded by management. ZTR rights offering is now live. Author’s note: This article was released to CEF/ETF Income Laborator...

1 out of 23 CEF sectors positive on price and 0 out of 23 sectors positive on NAV last week. Volatility brings CEF rotation opportunities. Examples of three (non-portfolio) swaps. For further details see: Weekly Closed-End Fund Roundup: Volatility Brings CEF Rotation Opp...

A sharp sell-off to start the year has pushed down municipal bond valuations and muni closed-end funds to discounts, presenting an attractive entry point for investors seeking tax-exempt income. Muni CEFs borrow money at short-term interest rates and invest the proceeds in muni bonds ...

Rating agencies reported that upgrades outpaced downgrades in 2021. The decline in the stock market produced concern that pension funding may decline, and the rise in inflation may reduce benefits. The shorter bonds can be sold to take advantage of large outflows from mutual funds...

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promise high distributions and reasonable total returns. Closed-end funds are generally characterized by higher volatility and deeper drawdowns than the broad market...

Investors sometimes tell me that closed-end funds (CEFs) are complicated—riddled with jargon-y terms like discounts to NAV and net investment income (NII). The truth is, while it may take a little bit of time to learn the ropes, the effort pays off in spades, since CEFs can g...

Interest rate volatility prompted another month of negative total returns. Below-average issuance was counterbalanced by a slowdown in demand. November could provide opportunities ahead of seasonal strength in December and January. For further details see: Muni Seasonal ...

Rising interest rates drove negative total returns. Supply and demand dynamics turned less seasonally favorable and acted as a headwind. More attractive valuations could provide near-term opportunity. For further details see: Munis Remained Tethered To Rates In September...