Western Asset Intermediate Muni Fund to merge into Western Asset Managed Municipals Fund in Q4 2026

Reuters2026/07/31 12:01

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Western Asset Intermediate Muni Fund is set to merge into Western Asset Managed Municipals Fund, pending a stockholder vote at SBI.
Closing is expected in Q4 2026; SBI common holders would receive MMU common stock based on SBI NAV per share.
SBI VRDPS holders would receive MMU VRDPS in the same number with identical terms; fractional MMU common shares would be paid in cash.
Boards expect no dilution to SBI holders’ NAV or liquidation preference; deal targets scale and operating efficiencies across similar muni strategies.
As of May 31, 2026, SBI had about $119.12 million in net assets; 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 Intermediate Muni Fund Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260731458569) on July 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Western Asset Intermediate Muni Fund to merge into Western Asset Managed Municipals Fund in Q4 2026

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