Western Asset Intermediate Muni Fund Inc. Announces Results of Annual Meeting of Stockholders
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 17 2025
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Source: Newsfilter
Election of Directors: Robert A. Agdern and Hillary A. Sale were elected as Class II Directors of the Western Asset Intermediate Muni Fund Inc. to serve until 2028, along with Carol L. Colman who was elected by preferred stockholders.
Ratification of Accountants: Stockholders ratified PricewaterhouseCoopers LLP as the independent registered public accountants for the fiscal year ending November 30, 2025.
Analyst Views on SBI
Wall Street analysts forecast SBI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SBI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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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.
