Franklin Managed Municipal Income Trust closed at $6.49 on Nov 11, up 2.20%, 1.7% below its 52-week closing high. Volume of 102.0K shares was 0.89× its 20-day average (close to normal).
Split-adjusted performance: +12.7% over one month, +3.3% over six months, +6.7% over one year.
Short interest was 220.1K shares at the Oct 30 settlement, up 6.7% from the prior report (1.8 days to cover).
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Quick answers
What does Franklin Managed Municipal Income Trust do?
Putnam Managed Municipal Income Trust is a closed-end management investment company. Its investment objective is to seek a high level of current income exempt from federal income tax by investing in a diversified portfolio of tax-exempt municipal securities.
What is PMM's market cap?
$277.99M, based on the Nov 11 close of $6.49.
Does Franklin Managed Municipal Income Trust pay a dividend?
Yes. The latest regular dividend was $0.033 per share (ex-date Oct 23), an annualised yield of 6.10%.
About Franklin Managed Municipal Income Trust
Putnam Managed Municipal Income Trust is a closed-end management investment company. Its investment objective is to seek a high level of current income exempt from federal income tax by investing in a diversified portfolio of tax-exempt municipal securities. The Fund invests in various sectors such as healthcare, retirement community, private higher education, housing-backed, essential service utilities, and state-backed bonds.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology
