SeekingAlpha · Aug 12, 2026
SBI/MMU Merger Arbitrage
Western Asset Intermediate Muni Fund (SBI) merges into MMU in Q4 2026. Read the full analysis here.
MM
NYSE · MMU
Western Asset Managed Municipals Fund Inc.
Financial Services · Asset Management
$9.40
Down-$0.13 (-1.36%)
Updated Sep 16, 2026, 11:23 AM
SID Score
3.4/10
Composite research score
Smart Money
—
Institutional and insider signal
- Market cap
- 571.86M
- P/E ratio
- -294.82
- Dividend yield
- 8.76%
- 52-week range
- $9.52 – $10.61
- Volume
- 645.48K
- Avg. volume
- 145.23K
Price performance
MMU price history
1M range · 20 trading sessions · Daily adjusted prices
MMU closed at $9.40 after 20 trading sessions, down 7.75% for the selected period.
- Last close
- $9.40
- Period change
- -7.75%
- Period low
- $9.40
- Period high
- $10.25
Daily close
View OHLC price history
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Sep 15, 2026 | $9.52 | $9.522 | $9.2984 | $9.40 | 645.48K |
| Sep 14, 2026 | $9.65 | $9.66 | $9.5229 | $9.53 | 125.93K |
| Sep 11, 2026 | $9.63 | $9.66 | $9.585 | $9.63 | 182.34K |
| Sep 10, 2026 | $9.68 | $9.68 | $9.62 | $9.62 | 130.99K |
| Sep 9, 2026 | $9.83 | $9.85 | $9.7101 | $9.72 | 140.32K |
| Sep 8, 2026 | $9.90 | $9.94 | $9.83 | $9.85 | 100.45K |
| Sep 4, 2026 | $9.91 | $9.92 | $9.86 | $9.88 | 68.19K |
| Sep 3, 2026 | $9.97 | $10.00 | $9.8501 | $9.88 | 165.46K |
| Sep 2, 2026 | $10.00 | $10.0328 | $9.8901 | $9.93 | 196.88K |
| Sep 1, 2026 | $10.09 | $10.09 | $9.96 | $9.98 | 189.7K |
| Aug 31, 2026 | $10.11 | $10.124 | $10.05 | $10.10 | 148.84K |
| Aug 28, 2026 | $10.12 | $10.148 | $10.082 | $10.09 | 48.89K |
| Aug 27, 2026 | $10.14 | $10.17 | $10.1128 | $10.13 | 126.12K |
| Aug 26, 2026 | $10.15 | $10.15 | $10.0956 | $10.14 | 52.02K |
| Aug 25, 2026 | $10.19 | $10.19 | $10.10 | $10.13 | 76.8K |
| Aug 24, 2026 | $10.16 | $10.1688 | $10.0914 | $10.13 | 92.12K |
| Aug 21, 2026 | $10.18 | $10.19 | $10.12 | $10.18 | 148.23K |
| Aug 20, 2026 | $10.21 | $10.25 | $10.185 | $10.19 | 135.43K |
| Aug 19, 2026 | $10.25 | $10.26 | $10.23 | $10.25 | 140.68K |
| Aug 18, 2026 | $10.21 | $10.225 | $10.18 | $10.19 | 86.9K |
Latest MMU news
The latest Smart Investors Daily articles mentioning MMU.
Stock researchCompany · Overview
MMU research
Overview
Company profile and research snapshot.
Company profile
Western Asset Managed Municipals Fd Inc is a non-diversified, closed-end management investment company. Its investment objective is to maximize current income exempted from federal income tax as is consistent with the preservation of principal. The fund predominantly invests in long-term investment grade municipal debt securities issued by state and local governments, political subdivisions, agencies, and public authorities (municipal obligations).
Visit company websiteAnalyst outlook
Consensus and target data currently published for this company.
- Consensus
- —
- Average target
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- Implied upside
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News briefing
No generated briefing is available yet.
Benzinga · Jul 31, 2026
Western Asset Intermediate Muni Fund And Western Asset Managed Municipals Fund Boards Approve Merger, Subject To Shareholder Approval
If approved, the merger is anticipated to occur during the fourth quarter of 2026. If the proposed merger is approved by the stockholders of SBI, then (i) common stockholders of SBI would receive common stock of MMU,
SeekingAlpha · Jul 8, 2026
MMU: The Return Is Driven By Return Of Capital
Western Asset Managed Municipals Fund is a municipal bond closed-end fund focused on high-credit-quality, investment-grade bonds. Read more on the MMU CEF here.
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