Western Asset Intermediate Muni Fund Inc. (NYSE: SBI) today announced the financial position of the Fund as of August 31, 2020.
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Western Asset Intermediate Muni Fund Inc. (NYSE: SBI), Western Asset Managed Municipals Fund Inc. (NYSE: MMU), Western Asset Municipal Partners Fund Inc. (NYSE: MNP), Western Asset Municipal High Income Fund Inc. (NYSE: MHF) and Western Asset Municipal Defined Opportunity Trust Inc. (NYSE: MTT) (each, a "Fund" and, together, the "Funds") announced that effective today, May 21, 2020, SBI, MMU, MNP and MHF may enter into tender option bond ("TOB") transactions and may invest in inverse floating rate instruments issued in TOB transactions. Also effective today, MTT’s current investment policy regarding TOB transactions is being updated to include the below disclosure.