Western Asset Intermediate Muni Fund Inc. Announces Financial Position as of February 28, 2025
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 16 2025
0mins
Source: Newsfilter
Financial Overview: As of February 28, 2025, Western Asset Intermediate Muni Fund Inc. reported total assets of approximately $173.96 million and total net assets of about $123.81 million, with a NAV per share of $8.79 and a market price per share of $7.98.
Performance Metrics: The fund experienced a net decrease in net assets from operations amounting to $(288,814), alongside a total net investment income of $1,315,562 for the quarter, while also reporting an undistributed net investment income of $(1,464,055).
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About SBI
Western Asset Intermediate Muni Fund Inc. (The Fund) is a closed-end management investment company. The Fund’s investment objective is to provide common shareholders a high level of current income exempts from regular federal income taxes consistent with prudent investing. Under normal market conditions, the Fund invests at least 80% of its total assets in municipal obligations. The Fund also maintains a dollar-weighted average effective maturity of between three and ten years. Under normal market conditions, the Fund will invest at least 80% of its total assets in debt securities that are, at the time of investment, rated investment grade by a nationally recognized statistical rating organization (NRSRO) or if unrated, of equivalent quality as determined by the investment manager. transportation, health care, power, education, housing, solid waste, leasing, short term investments, and others. The investment manager of the Fund is Legg Mason Partners Fund Advisor, LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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