Company: MMU
Filing Date: 2025-09-16
Form Type: DEF 14A
Source: 0001193125-25-204747
Chunk: 11

Company: WESTERN ASSET MANAGED MUNICIPALS FUND INC.
Filing Date: 2025-09-16
Form: DEF 14A
Chunk 11
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, “Family of Investment Companies”, means any two or more registered investment companies that share                                                    
 the same investment adviser or principal underwriter or hold themselves out to investors as related companies for purposes of investment and investor services. |

| (3) | Effective November 15, 2024, Ms. Sale and Messrs. Grillo and Mason became Directors of the Fund. |

At August 29, 2025, the nominees, Directors and officers of the Fund as a group beneficially owned less than 1% of the outstanding shares of the Fund’s Common Stock and Preferred Shares. 11

No Director or nominee for election as Director who is not an “interested person” of the Fund as defined in the 1940 Act, nor any immediate family members, to the best of the Fund’s knowledge, had any interest in the Fund’s investment adviser, or any person or entity (other than the Fund) directly or indirectly controlling, controlled by, or under common control with Franklin Resources, Inc. as of December 31, 2024. Director Compensation Under the federal securities laws, and in connection with the Meeting, the Fund is required to provide to stockholders in connection with the Meeting information regarding compensation paid to the Directors by the Fund, as well as by the various other investment companies advised by FTFA. The following table provides information concerning the compensation paid to each Director by the Fund during the fiscal year ended May 31, 2025 and the total compensation paid to each Director during the calendar year ended December 31, 2024. The Directors listed below are members of the Fund’s Audit, Nominating, Compensation and Pricing and Valuation Committees, as well as committees of the boards of certain other investment companies advised by FTFA. Accordingly, the amounts provided in the table include compensation for service on all such committees. The Fund does not provide any pension or retirement benefits to Directors. In addition, no remuneration was paid during the fiscal year ended May 31, 2025 by the Fund to Ms. Trust who is an “interested person” as defined in the 1940 Act.

| Name of Directors   |     | Aggregate     
 Compensation  
 from the Fund 
 for Fiscal    
 Year Ended    
 05/31/25 ($)  |        |     | Total Compensation  
 from the Fund and   
 Fund Complex(1)     
 for                 
 Calendar Year Ended 
 12/31/24 ($)        |         |
| Directorships(2)    |     |               |        |