Company: MMU
Filing Date: 2025-01-28
Form Type: N-CSRS
Source: 0001133228-25-000562
Chunk: 19

Company: WESTERN ASSET MANAGED MUNICIPALS FUND INC.
Filing Date: 2025-01-28
Form: N-CSRS
Chunk 19
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 the period. The second table provides additional information about the change in net unrealized appreciation (depreciation) resulting from the Fund’s derivatives and hedging activities during the period.

| AMOUNT OF NET REALIZED GAIN (LOSS) ON DERIVATIVES RECOGNIZED |                   |
|                                                              | InterestRate Risk |
| Futures contracts                                            | $(287,661)        |

42 Western Asset Managed Municipals Fund Inc. 2024 Semi-Annual Report

| CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON DERIVATIVES RECOGNIZED |                   |
|                                                                                | InterestRate Risk |
| Futures contracts                                                              |        $1,115,652 |

During the six months ended November 30, 2024, the volume of derivative activity for the Fund was as follows:

|                            | Average MarketValue |
| Futures contracts (to buy) |         $28,850,313 |

5. Variable rate demand preferred stock On March 4, 2015, the Fund completed a private offering of 8,703 shares of Series 1 VRDPS. Net proceeds from the offering were used by the Fund to repurchase outstanding shares of Series M, Series T, Series W, Series TH and Series F ARCPS that had been accepted for payment pursuant to the tender offer (see Note 6). Offering costs incurred by the Fund in connection with the Series 1 VRDPS issuance are being amortized to expense over the life of the VRDPS. On October 16, 2023, the Fund issued and delivered for distribution to holders of shares of Western Asset Municipal Partners Fund Inc. Series 1 VRDPS newly-issued shares of the Fund’s Series 2 VRDPS. Offering costs incurred by the Fund in connection with the Series 2 VRDPS issuance are being amortized to expense over the life of the Series 2 VRDPS. The table below summarizes the key terms of Series 1 and Series 2 of the VRDPS at November 30, 2024.

| Series   | MandatoryRedemption Date | Shares | LiquidationPreferencePer Share | AggregateLiquidationValue |
| Series 1 | 3/4/2045                 |  8,703 |                        $25,000 |              $217,575,000 |
| Series 2 | 3/11/2045                |  2,660 |                         25,000 |                66,500,000