Western Asset Managed Municipals Fund set to absorb Western Asset Intermediate Muni Fund in Q4 2026 merger plan

• Western Asset Intermediate Muni Fund (SBI) is set to merge into Western Asset Managed Municipals Fund (MMU), pending SBI shareholder approval.
• Closing is expected in Q4 2026.
• SBI common holders would receive MMU common shares based on SBI NAV per share; fractional entitlements would be paid in cash.
• SBI VRDPS holders would receive MMU VRDPS in the same number with identical terms.
• As of May 31, 2026, SBI had net assets of about $119.12 million; MMU had about $599.71 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Western Asset Managed Municipals Fund Inc. published the original content used to generate this news brief on July 31, 2026, and is solely responsible for the information contained therein.