Western Asset Managed Municipals Fund

Western Asset Managed Municipals Fund Inc. is a closed-end fixed income fund focused on municipal securities. Its primary objective is to provide a high level of current income that is exempt from regular federal income tax while maintaining capital preservation. The fund invests mainly in a diversified portfolio of municipal obligations, typically emphasizing investment-grade issues at the time of purchase. These securities are issued by state and local governments, public authorities, and related entities across the U.S. The fund is designed for investors seeking exposure to the municipal bond market through a professionally managed portfolio, with income generation and tax efficiency at the center of its mandate. As a municipal bond fund, it plays a specialized role in the fixed income market by channeling capital into public-sector financing while offering access to tax-advantaged income.