Western Asset MMU sets Oct. 16 shareholder vote
MMU’s 2026 proxy asks shareholders to elect three Class III directors and ratify PwC as auditor, with votes based on the August 28, 2026 record date.
Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
DEF 14A
Rhea-AI Filing Summary
Western Asset Managed Municipals Fund Inc. (MMU) is holding its annual stockholder meeting on October 16, 2026 in New York. Stockholders of record as of August 28, 2026 will vote on electing three Class III directors—Robert D. Agdern, Peter Mason and Jane E. Trust, CFA—for terms expiring at the 2029 annual meeting, and on ratifying PricewaterhouseCoopers LLP (PwC) as independent registered public accountants for the fiscal year ending May 31, 2027.
The fund had 54,618,848 common shares and 11,363 variable rate demand preferred shares outstanding as of the record date, with each share entitled to one vote (fractional for fractional common shares), without cumulative voting. The board, including all independent directors, unanimously recommends voting FOR each director nominee and FOR ratification of PwC. The fund describes how broker non-votes, abstentions, the Maryland Control Share Acquisition Act, and potential adjournments affect quorum and outcomes, and discloses director compensation, PwC fee levels, committee structures, and procedures for future stockholder proposals.
Positive
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