Franklin Managed Municipal Income Trust Repurchases 92% of Outstanding Remarketed Preferred Shares

• Franklin Managed Municipal Income Trust accepted 1,607 Series A and Series C Remarketed Preferred Shares for repurchase, approximately 92% of outstanding shares.
• The tender offer expired October 29, 2026; payment was made November 5, 2026. Untendered shares remain outstanding.
• Repurchase prices were $92,875 per Series A share and $46,437.50 per Series C share, with accrued, unpaid dividends payable separately.
• Pricing represented 92.88% of liquidation preferences: $100,000 per Series A share and $50,000 per Series C share.
• An offering of 1,000 Series 1 Variable Rate Demand Preferred Shares, with $100,000 liquidation preference per share, funded repurchases through net proceeds.

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. Franklin Managed Municipal Income Trust published the original content used to generate this news brief via Business Wire (Ref. ID: 20261105966541) on November 05, 2026, and is solely responsible for the information contained therein.