|Bid||15.05 x 2200|
|Ask||15.08 x 800|
|Day's Range||15.05 - 15.17|
|52 Week Range||13.22 - 15.82|
|Beta (3Y Monthly)||0.00|
|PE Ratio (TTM)||13.86|
|Forward Dividend & Yield||0.63 (4.11%)|
|1y Target Est||N/A|
This press release is correcting and replacing the release that was issued on the morning of May 21, 2019. The fund names have been corrected for “TLI” and “HIX”.
Western Asset Municipal Partners Fund Inc. today announced the financial position of the Fund as of February 28, 2019.
Western Asset Municipal Partners Fund Inc. (the “Fund”), which is traded on the New York Stock Exchange under the symbol “MNP”, announced today the results of the votes cast at the Fund’s annual meeting of shareholders held April 12, 2019. Nisha Kumar was elected as a Class I Director of the Fund by holders of the Fund’s auction rate cumulative preferred stock and variable rate demand preferred stock (“preferred stock”), voting together as a single class, to hold office until the annual meeting of shareholders in the year 2021 or thereafter when a successor is duly elected and qualified or until she resigns or is otherwise removed. Robert D. Agdern, William Hutchinson and Eileen A. Kamerick 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 2022 or thereafter when respective successors are duly elected and qualified or until they resign or are otherwise removed.
Anyone looking to tamp down their tax bill for next year need look no further than municipal bonds. They've been around for decades, but many people still aren't familiar with this particular debt investment - as well as the municipal bond funds that hold them.Municipal bonds deliver tax-advantaged income to investors at regular intervals. At a minimum, muni bond income is exempt from federal tax. Depending on where you live and where the bonds are issued, that income also might be clear of state and even local taxes.If you're a high-income earner, munis are for you, says Jim Barnes, Director of Fixed Income at Bryn Mawr Trust. "The primary way to determine whether muni bonds are a good or bad investment for an investor boils down to the investor's marginal tax rate. A high marginal tax rate equates to a higher taxable equivalent yield when comparing different investment options," he says. "The higher the marginal tax rate, the more appealing and advantageous the tax-free income becomes to the investor."Just how powerful is this tax exemption? For a household earning $200,000 per year (married, filing jointly, taxed at 24%), a municipal bond yielding 4% has a tax-equivalent yield of 5.26%. That means a $100,000 investment in munis will generate roughly $1,260 more annually in passive income than they'd get with a 4% yield from, say, corporate bonds or stocks.Here are nine municipal bond funds that provide exposure to this tax-free income. There's something for every type of fund preference: mutual funds, exchange-traded funds (ETFs) and closed-end funds (CEFs). SEE ALSO: The 7 Best Bond Funds for Retirement Savers in 2019
Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared their distributions for the months of March, April and May 2019.
Western Asset Municipal Partners Fund Inc. announces its portfolio composition as of December 31, 2018.