Putnam Managed Municipal Income Trust is a closed-end fund seeking high current tax-free income by investing primarily in levered portfolio of municipal bonds.
The fund seeks a high level of current income exempt from federal tax. It invests in a diversified portfolio of tax-exempt municipal securities. The fund uses leverage by issuing preferred shares to enhance returns, which involves risk and may increase the volatility of the net asset value (nav).
Company profile
Ticker
PMM
Exchange
Website
CEO
Jonathan Horwitz
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Corporate docs
IRS number
46608976
PMM stock data
Latest filings (excl ownership)
DEF 14A
Definitive proxy
7 Mar 24
PRE 14A
Preliminary proxy
16 Feb 24
DFAN14A
Additional proxy materials by non-management
13 Feb 24
N-CEN
Annual report (registered investment company)
9 Jan 24
N-CSR
Certified annual shareholder report (management investment company)
27 Dec 23
DEFA14A
Additional proxy soliciting materials
21 Nov 23
DEFA14A
Additional proxy soliciting materials
31 Oct 23
DEFA14A
Additional proxy soliciting materials
12 Oct 23
DEFA14A
Additional proxy soliciting materials
10 Oct 23
DEFA14A
Additional proxy soliciting materials
25 Sep 23
Latest ownership filings
NPORT-P
Putnam Managed Municipal Income Trust (Jan 2024 report)
27 Mar 24
3
Initial statement of insider ownership
5 Feb 24
3
Kevin R Blatchford
8 Jan 24
3
Kelley L Hunt
8 Jan 24
NPORT-P
Putnam Managed Municipal Income Trust (Oct 2023 report)
21 Dec 23
NPORT-P
Putnam Managed Municipal Income Trust (Jul 2023 report)
25 Sep 23
3
Stephen R Denny
7 Aug 23
4
Aaron M Cooper
11 Jul 23
4
Aaron M Cooper
10 Jul 23
4
Aaron M Cooper
7 Jul 23
Funds
Series | Ticker | %Monthly Return ? | $Assets | #Holdings | As of | ||
---|---|---|---|---|---|---|---|
Putnam Managed Municipal Income Trust | – | -5.62 | -4.77 | -4.08 | 407.77 mm | 337 | Oct 2023 |
Institutional ownership, Q3 2023
16.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 83 |
Opened positions | 8 |
Closed positions | 6 |
Increased positions | 17 |
Reduced positions | 25 |
13F shares | Current |
---|---|
Total value | 31.34 bn |
Total shares | 7.51 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
First Trust Portfolios | 1.35 mm | $0.00 |
MS Morgan Stanley | 802.47 k | $4.39 bn |
AMP Ameriprise Financial | 457.17 k | $2.50 bn |
Raymond James & Associates | 453.68 k | $2.48 bn |
Keudell/Morrison Wealth Management | 305.98 k | $1.67 bn |
Kennedy Investment | 305.87 k | $1.67 bn |
Van Eck Associates | 296.48 k | $1.62 mm |
Robinson Capital Management | 285.01 k | $1.50 bn |
Advisors Asset Management | 269.32 k | $1.47 bn |
WFC Wells Fargo & Co. | 260.51 k | $1.42 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
10 Jul 23 | Aaron M Cooper | Closed-end Fund | Buy | Acquire P | No | No | 6.0709 | 7,991.691 | 48.52 k | 33,424.332 |
Press releases
Putnam Investments Announces 19(a) Notices for Closed-End Municipal Funds
10 Apr 24
Putnam Investments Announces Distribution Rates for Closed-End Funds
25 Mar 24
Putnam Investments Announces 19(a) Notices for Closed-end Municipal Funds
6 Mar 24
Putnam Investments Announces 19(a) Notices for Closed-End Municipal Funds
7 Feb 24