Western Asset Managed Municipals Fund Inc.

Western Asset Managed Municipals Fund Inc. is a closed-ended fixed income mutual fund. The fund is managed by Legg Mason Partners Fund Advisor, LLC, with co-management provided by Western Asset Management Company. It focuses its investments within the fixed income markets of the United States. The primary objective of the fund is to invest in securities that generate income exempt from federal income tax. Its portfolio is primarily composed of investment grade municipal securities. The fund utilizes intensive proprietary research in the construction of its portfolio. For performance comparison, the fund benchmarks its portfolio against the Barclays Capital Municipal Bond Index. Western Asset Managed Municipals Fund Inc. was established on June 26, 1992, and is domiciled in the United States.