Company: MMU
Filing Date: 2025-09-16
Form Type: DEF 14A
Source: 0001193125-25-204747
Chunk: 2

Company: WESTERN ASSET MANAGED MUNICIPALS FUND INC.
Filing Date: 2025-09-16
Form: DEF 14A
Chunk 2
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, 17th Floor, New York, New York 10010

PROXY STATEMENT

This proxy statement is
furnished in connection with the solicitation by the Board of Directors (the “Board”) of Western Asset Managed Municipals Fund Inc. (the “Fund”) of proxies to be voted at the Annual Meeting of Stockholders of the Fund to be
held at One Madison Avenue, 17th Floor, New York, New York 10010 on Friday, October 17, 2025 at 10:00 a.m., New York time, and at any adjournments or postponements thereof (the “Meeting”), for the purposes set forth in the
accompanying Notice of Annual Meeting of Stockholders (the “Notice”).

If it is determined that the Meeting will be held at a different
time or in a different location or format (i.e., a virtual or hybrid meeting), an announcement of any such updates will be provided by means of a press release, which will be posted on our website
(www.franklintempleton.com/investments/options/closed-end-funds). We encourage you to check the website prior to the Meeting if you plan to attend the Meeting. An announcement of any change will also be filed with the Securities and Exchange
Commission via its EDGAR system. You do not need to attend the Meeting if you submit your votes on the proposals by proxy promptly.

This Proxy
Statement and the accompanying materials are being made available to stockholders on or about September 16, 2025.

The Fund is organized as a
Maryland corporation and is a registered investment company.

Franklin Templeton Fund Adviser, LLC (“FTFA”), whose principal business
address is One Madison Avenue, 17th Floor, New York, New York 10010, is the Fund’s investment adviser and administrator. Western Asset Management Company, LLC (“Western Asset”) serves as the Fund’s subadviser Western Asset
has offices at 385 East Colorado Boulevard, Pasadena, California 91101 and One Madison Avenue, 17th Floor, New York, New York 10010. FTFA and Western Asset are all indirect wholly-owned subsidiaries of Franklin Resources, Inc., a global investment
management organization operating as Franklin Templeton.

Even if you plan to attend the Meeting, please sign, date and return a proxy card, or
provide voting instructions by telephone or over the Internet. If you vote by telephone or over the Internet, you will be asked to enter