PUTNAM MANAGED MUNICIPAL INCOME TRUST
A fund providing high, tax-exempt current income from a portfolio of municipal securities.
PMM | NYSE
Overview
Corporate Details
- ISIN(s):
- US7468231037
- LEI:
- Country:
- United States of America
- Address:
- 100 FEDERAL STREET, 2110 BOSTON
- Sector:
- Mining and quarrying
- Industry:
- Extraction of natural gas
Description
Putnam Managed Municipal Income Trust (PMM) is a diversified, closed-end fund that seeks to provide a high level of current income exempt from U.S. federal income tax. The trust invests in a portfolio of tax-exempt municipal securities, with a strategic focus on higher-yielding, lower-rated bonds to pursue above-average income. PMM utilizes leverage, primarily through the issuance of preferred shares, to potentially enhance returns. The portfolio is actively managed based on fundamental research and credit risk analysis to identify securities with attractive risk-reward profiles. Originally established in 1989, the fund's investment management was transferred to Franklin Advisers, Inc., a Franklin Templeton company, in 2024.
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Filings
| Date | Filing | Language | Size | Actions | |
|---|---|---|---|---|---|
| No filings match the current criteria. | |||||
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Market Data
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Financials & KPIs
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Insider Transactions
| Date | Insider Name | Position | Type | Shares | Value |
|---|---|---|---|---|---|
| No insider transactions recorded for this company. | |||||