Western Asset muni funds plan merger pending stockholder vote

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Go back to Western Asset muni funds plan merger pending stockholder vote

Western Asset Intermediate Muni Fund Inc. and Western Asset Managed Municipals Fund Inc. Announce Board Approval of Proposed Merger Plan

July 31, 2026 8:00 AM EDT

NEW YORK--(BUSINESS WIRE)-- Western Asset Intermediate Muni Fund Inc. (NYSE: SBI), and Western Asset Managed Municipals Fund Inc. (NYSE: MMU) today announced approval by each Funds Board of Directors of a proposal to merge SBI with and into MMU, subject to approval by the stockholders of SBI. If approved, the merger is anticipated to occur during the fourth quarter of 2026. If the proposed merger is approved by the stockholders of SBI, then (i) common stockholders of SBI would receive common stock of MMU,... More