SBI News and Press, Western Asset Intermediate Muni Fund Inc From 04/22/22

Only funds with coverage >100% are considered. Top DxYxZ funds are DSL, BGH and EHI. Top lists of discount, yield, DxY and DxYxZ are given. For further details see: The Quality Closed-End Fund Report, April 2022

Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared their distributions for the months of March, April and May 2022. The following dates apply to the distribution schedule below: This press release is not for tax reporting purposes b...

Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared their distributions for the months of December 2021, January and February 2022. The following dates apply to the distribution schedule below: This press release is not for tax repor...

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 ...

Western Asset Intermediate Muni Fund Inc. (NYSE: SBI) today announced the financial position of the Fund as of August 31, 2021. This financial data is unaudited. The Fund files its semi-annual and annual reports with the Securities and Exchange Commission (“SEC”)...

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...

Interest in municipal closed-end funds (CEFs) vs. municipal bonds often stems from higher return potential - this is mostly due to the use of leverage in municipal closed-end funds. Leverage could potentially amplify both the fund's net asset value (NAV) and its distribution; however,...

Modestly negative performance in August capped a robust summer seasonal period. Issuance exceeded expectations, resulting in less of a supply/demand imbalance than is typical. We maintain a defensive posture into the historically less favorable month of September. For furthe...

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Only one fund with >100% coverage had a negative z-score this month. FPL could be worth a look. For further details see: The Quality Closed-End Fund Report, Au...

Rallying interest rates drove strong muni bond performance in July. Market dynamics remained seasonally favorable, with demand for munis broadly outpacing supply. A more defensive posture may be warranted ahead of elevated risks in the fall. For further details see: Muni...