Western Asset Managed Municipals Fund Inc., Western Asset Municipal Partners Fund Inc., Western Asset Intermediate Muni Fund Inc. Announce Results of Stockholder Votes at Special Meeting of Stockholders Relating to Proposed Mergers
Summary
It is currently anticipated that the Merger will be effective in mid-to-late October 2023, subject to all regulatory requirements and customary closing conditions being satisfied. Prior to the closing of the Merger, MNP’s currently outstanding Auction Rate Cumulative Preferred Stock (“ARPS”) will be redeemed in connection with—and prior to the closing of—the Merger, pursuant to the redemption terms outlined in the Articles Supplementary for MNP’s ARPS. 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. 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. 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.