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0 0 0.0486434323944251 0.0486434323944251 0.0486434323944251 0.0486434323944251 0.0426755429417739 0.0426755429417739
Stock impact report

Franklin Templeton Closed-End Funds Announce Share Repurchases for the Third Quarter of 2025

Putnam Managed Municipal Income Trust (PMM) 
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--The following Funds announced today their share repurchase activity during the third quarter of 2025.TickerFund NameSharesRepurchased(7/1/25 - 9/30/25)Shares Repurchased SinceInception of Each Fund’sRepurchase ProgramPMMPutnam Managed Municipal Income Trust67,64518,449,064PMOPutnam Municipal Opportunities Trust294,46217,709,437The Funds seek to enhance shareholder value by repurchasing their common shares when trading at a discount to the Fund’s net asset value (“NAV”) per share. All repurchased shares are canceled and the difference between the purchase price and NAV results in incremental accretion to the Fund’s NAV for all common shareholders.Each Fund’s Board of Directors/Trustees has authorized each Fund to repurchase shares when they are trading at a discount to NAV. Each Fund's repurchase activity will be disclosed in its shareholder report for the relevant fiscal period.About Franklin TempletonFranklin Resources, Inc. is a global investment manag Show less Read more
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