Western Asset Managed Muncipals Fund Inc. Announces Results of Special Meeting of Stockholders: Proposal to Merge is Approved
17 Luglio 2023 - 2:00PM
Business Wire
Western Asset Intermediate Muni Fund Inc and
Western Asset Municipal Partners Fund Inc. Announce
Adjournment of Special Meeting of Stockholders
Western Asset Managed Muncipals Fund Inc. (NYSE: MMU) today
announced the results of the votes cast at MMU’s Special Meeting of
Stockholders held on July 14, 2023.
Stockholders of MMU voted to approve the merger of Western Asset
Intermediate Muni Fund Inc. (NYSE: SBI) with and into MMU and to
approve the merger of Western Asset Municipal Partners Fund Inc.
(NYSE: MNP) with and into MMU in accordance with the Maryland
General Corporation Law (each a “Merger” and collectively, the
“Mergers”).
SBI and MNP each announced at SBI’s and MNP’s Special Meetings
of Stockholders held on July 14, 2023 that the Special Meetings of
Stockholders for each of SBI and MNP were being adjourned to permit
further solicitation of proxies. The Special Meetings of
Stockholders for each of SBI and MNP are adjourned to August 11,
2023 at 10:00 a.m. Eastern Time at the offices of Franklin
Templeton at 280 Park Avenue, 7th Floor, New York, New York
10017.
Please remember that every vote is important. The Board of
Directors of SBI and MNP urge any stockholders who have not voted
to vote their proxies by entering their voting instructions at
www.proxy-direct.com or by
calling 1-800-337-3503 .
For any questions regarding the stockholder meetings or voting,
please call Georgeson LLC, the proxy solicitor, at
1-888-867-6963.
If the Mergers are approved by the stockholders of SBI and MNP,
stockholders of each will receive common stock of MMU.
MMU is a closed-end, non-diversified management investment
company. SBI and MNP are non-diversified closed-end management
investment companies. MMU, SBI and MNP are each managed by Legg
Mason Partners Fund Advisor, LLC, (“LMPFA) and sub-advised by
Western Asset Management Company, LLC (“Western Asset”). Both LMPFA
and Western Asset are indirect, wholly-owned subsidiaries of
Franklin Resources, Inc.
For more information, please call Investor Relations on
1-888-777-0102, or consult the Funds’ web sites www.franklintempleton.com/investments/options/closed-end-funds.
Hard copies of each Fund’s complete audited financial statements
are available free of charge upon request.
THIS PRESS RELEASE IS NOT AN OFFER TO PURCHASE NOR A
SOLICITATION OF AN OFFER TO SELL SHARES OF THE FUNDS. THIS PRESS
RELEASE MAY CONTAIN STATEMENTS REGARDING PLANS AND EXPECTATIONS FOR
THE FUTURE THAT CONSTITUTE FORWARD-LOOKING STATEMENTS WITHIN THE
PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. ALL STATEMENTS
OTHER THAN STATEMENTS OF HISTORICAL FACT ARE FORWARD-LOOKING AND
CAN BE IDENTIFIED BY THE USE OF WORDS SUCH AS “MAY,” “WILL,”
“EXPECT,” “ANTICIPATE,” “ESTIMATE,” “BELIEVE,” “CONTINUE” OR OTHER
SIMILAR WORDS. SUCH FORWARD-LOOKING STATEMENTS ARE BASED ON EACH
FUND’S CURRENT PLANS AND EXPECTATIONS, AND ARE SUBJECT TO RISKS AND
UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY
FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.
ADDITIONAL INFORMATION CONCERNING SUCH RISKS AND UNCERTAINTIES
IS CONTAINED IN EACH FUND’S FILINGS WITH THE SECURITIES AND
EXCHANGE COMMISSION.
About Western Asset
Western Asset is one of the world’s leading fixed-income
managers with 50 years of experience and $402.1 billion in assets
under management (AUM) as of March 31, 2023. With a focus on
long-term fundamental value investing that employs a top-down and
bottom-up approach, the firm has nine offices around the globe and
deep experience across the range of fixed-income sectors. Founded
in 1971, Western Asset has been recognized for delivering superior
levels of client service alongside its approach emphasizing team
management and intensive proprietary research, supported by robust
risk management. To learn more about Western Asset, please visit
www.westernasset.com.
Western Asset is an independent specialist investment manager of
Franklin Templeton.
About Franklin Templeton
Franklin Resources, Inc. is a global investment management
organization with subsidiaries operating as Franklin Templeton and
serving clients in over 155 countries. Franklin Templeton’s mission
is to help clients achieve better outcomes through investment
management expertise, wealth management and technology solutions.
Through its specialist investment managers, the company offers
specialization on a global scale, bringing extensive capabilities
in fixed income, equity, alternatives and multi-asset solutions.
With offices in more than 30 countries and approximately 1,300
investment professionals, the California-based company has over 75
years of investment experience and over $1.4 trillion in assets
under management as of June 30, 2023. For more information, please
visit www.franklintempleton.com.
Category: Fund Announcement
Source: Franklin Resources, Inc.
Source: Legg Mason Closed End Funds
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version on businesswire.com: https://www.businesswire.com/news/home/20230717822378/en/
Media: Fund Investor Services-1-888-777-0102
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