Putnam Managed Municipal Income Trust is a closed-end fund. The Fund seeks current tax-free income by investing primarily in levered portfolio of municipal bonds. The Fund pursues its goal by investing in a diversified portfolio of tax-exempt municipal securities. The Fund uses investment leverage by issuing preferred shares. The Fund?ÇÖs leverage offers the potential for higher returns, but also involves increased risk. The Fund provides monthly dividend and trades on secondary market. The Fund?ÇÖs investment return, net asset value, and market price fluctuate and the investors may have gain or loss when shares are sold. The Fund?ÇÖs performance assumes reinvestment of distributions and does not account for taxes. The Fund is subject to maturity detail including only cash bonds and cash equivalents. The fund uses leverage, which involves risk and may increase the volatility of the fund?ÇÖs net asset value. The fund?ÇÖs shares trade on a stock exchange at market prices, which may be lower than the fund?ÇÖs net asset value. The Barclays Municipal Bond Index is an unmanaged index of long-term fixed-rate investment-grade tax exempt bonds and the investors cannot invest directly in an index. Lower-rated bonds offer higher yields in return for more risk. The bond investments are subject to interest-rate risk of bond prices falling when interest rates rise and credit risk of an issuer defaulting on interest and principal payments. Interest-rate risk is greater for longer-term bonds, and credit risk is greater for below-investment-grade bonds.
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The company trades on NYSE exchange. The company headquarter is located in Massachusetts, MA.| Ticker | PMM |
| Long Name | Putnam Managed Municipal Income Trust |
| Short Name | Putnam Managed Municipal Income Trust |