NEW YORK--(BUSINESS WIRE)--Western Asset Managed Municipals Fund Inc. (the “Fund”), which is traded on the New York Stock Exchange under the symbol (“MMU”),” announced today the results of the votes cast at the Fund’s annual meeting of shareholders held September 26, 2014.
Leslie H. Gelb was elected as a Class II Director of the Fund by holders of the Fund’s auction rate cumulative preferred stock (“preferred stock”) to hold office until the annual meeting of shareholders in the year 2016 or thereafter when a successor is duly elected and qualified or until he resigns or is otherwise removed.
William R. Hutchinson and Riordan Roett were elected as Class III Directors of the Fund by holders of the Fund’s common stock and preferred stock, voting together as a single class, to hold office until the annual meeting of shareholders in the year 2017 or thereafter when respective successors are duly elected and qualified or until they resign or are otherwise removed.
The Fund is a non-diversified, closed-end management investment company that is managed by Legg Mason Partners Fund Advisor, LLC, a wholly-owned subsidiary of Legg Mason, Inc. (“Legg Mason”). It is sub-advised by Western Asset Management Company ("WAMCo"). WAMCo is also an affiliate of the investment manager.
Contact the Fund at 1-888-777-0102 for more information, or visit the Fund’s web site at www.leggmason.com/cef.
Data and commentary provided in this press release are for informational purposes only. Legg Mason and its affiliates do not engage in selling shares of the Fund.