Franklin Templeton has announced that the Board of Trustees has approved the continuation of the share repurchase program for Putnam Managed Municipal Income Trust $(PMM)$. Under the renewed program, effective October 1, 2025, the fund may repurchase up to 10% of its outstanding common shares at a discount to net asset value in open market transactions. The goal of the program is to enhance shareholder value. The currency for transaction values was not specified in the announcement.
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. Putnam Managed Municipal Income Trust published the original content used to generate this news brief via Business Wire (Ref. ID: 20250924293065) on September 24, 2025, and is solely responsible for the information contained therein.