Western Asset Intermediate Muni Fund stock reports August losses

Western Asset Intermediate Muni Fund reported its financial position for the quarter ended August 31, 2026, in a release published on October 27. The fund posted total net assets of 115.4 million US dollars, down from 119.1 million US dollars at the end of May.

MarketScreener reported that the fund's net investment income was 1.15 million US dollars for the quarter, compared with 1.29 million US dollars a year earlier. Total realized and unrealized gains and losses showed a loss of 2.76 million US dollars, versus a loss of 1.95 million US dollars in the previous quarter and a gain of 0.43 million US dollars in the prior-year quarter.

Municipal portfolio drives income strategy

The fund's net investment income per common share was 0.08 US dollars for the quarter, compared with 0.09 US dollars in both comparison periods. Net assets decreased by 1.90 million US dollars from operations, after a decrease of 0.98 million US dollars in the previous quarter.

Western Asset Intermediate Muni Fund is a closed-end management investment company focused on current income that is exempt from regular federal income taxes. It invests at least 80% of total assets in municipal obligations and normally targets a dollar-weighted average effective maturity of three to ten years. Franklin Templeton Fund Advisor serves as investment manager, while Western Asset Management Company acts as sub-adviser; the fund's portfolio spans areas including transportation, health care, power, education, housing and solid waste.

US equities remain the relevant market context for the fund; see the S&P 500 market environment.

Further developments for the fund's portfolio, income and distributions can be followed through More news and analyses on Western Asset Intermediate Muni Fund stock.