Company: MMU
Filing Date: 2025-09-16
Form Type: DEF 14A
Source: 0001193125-25-204747
Chunk: 22

Company: WESTERN ASSET MANAGED MUNICIPALS FUND INC.
Filing Date: 2025-09-16
Form: DEF 14A
Chunk 22
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 “FOR” each of the nominees for Director and “FOR” the ratification of the selection of PwC as the independent registered public accountants.

21

5% Beneficial Ownership At August 29, 2025, to the knowledge of management, the registered stockholders who owned of record or owned beneficially more than 5% of the Fund’s capital stock outstanding are noted in the table below. As of the close of business on August 29, 2025, Cede & Co., a nominee for participants in the Depository Trust Company, held of record 54,306,456 shares of Common Stock, equal to approximately 99% of the Fund’s outstanding shares of Common Stock and 11,363 Preferred Shares or 100% of the Fund’s Preferred Shares, including the shares shown below.

| Class  |     | Number of 
    Shares |     | Percent  |     | Name                                        |     | Address                                                    |
| Common |     | 2,231,274 |     | 5.14%(1) |     | Saba Capital Management, L.P.and affiliates |     | 405 Lexington Avenue, 58th Floor New York, New York 101734 |
| Common |     | 4,796,245 |     | 8.78%(2) |     | RiverNorth Capital Management, LLC          |     | 360 S. Rosemary Avenue, Ste. 1420 West Palm Beach,         
 Florida 33401                                              |

| (1) | Based upon information obtained from Schedule 13 filed with the SEC on January 18, 2024. |

| (2) | Based upon information obtained from Schedule 13G/A filed with the SEC on May 15, 2025. |

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Submission of Stockholder Proposals and Other Stockholder Communications

All proposals by stockholders of the Fund that are intended to be presented at the 2026 Annual Meeting of Stockholders must be received by the Fund for
inclusion in the Fund’s proxy statement and proxy relating to that meeting no later than May 19, 2026. Any stockholder who desires to bring a proposal at the 2026 Annual Meeting of Stockholders without including such proposal in the
Fund’s proxy statement must deliver written notice thereof to the Secretary of the Fund (addressed to c/o Franklin Templeton, 100 First Stamford Place, 6th Floor, Stamford, CT 06902) during the period from April 19,