Putnam Managed Municipal Income Trust.

Company Profile

Putnam Managed Municipal Income Trust is a closed-end fund seeking high current tax-free income by investing primarily in levered portfolio of municipal bonds. The fund seeks a high level of current income exempt from federal tax. It invests in a diversified portfolio of tax-exempt municipal securities. The fund uses leverage by issuing preferred shares to enhance returns, which involves risk and may increase the volatility of the net asset value (nav).