Franklin Managed Municipal Income Trust launches tender offer for Series A and C remarketed preferred shares at 92.875% of liquidation preference

Bitget2026/10/01 12:02

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Franklin Managed Municipal Income Trust launched an issuer tender offer for up to 100% of its Series A and Series C Remarketed Preferred Shares.
Offer price set at 92.875% of liquidation preference, or USD 92,875 per Series A share, USD 46,437.50 per Series C share.
Unpaid dividends accrued through the tender offer termination date will be paid on shares accepted in the offer.
Completion hinges on closing a private offering of new preferred shares matching accepted liquidation preference.
Proceeds intended to replace leverage associated with tendered Remarketed Shares using the new preferred shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Franklin Managed Municipal Income Trust published the original content used to generate this news brief via Business Wire (Ref. ID: 20261001783971) on October 01, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Franklin Managed Municipal Income Trust launches tender offer for Series A and C remarketed preferred shares at 92.875% of liquidation preference

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