Business Summary
Logo Putnam Managed Municipal Income Trust
Putnam Managed Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The FundÔÇÖs objective is to seek a high level of current income exempt from federal income tax. The Fund intends to achieve its objective by investing in a diversified portfolio of tax-exempt municipal securities, which it believes does not involve undue risk to income or principal. Up to 60% of its assets may consist of high-yield tax-exempt municipal securities that are below investment grade and involve special risk considerations. It also uses leverage, primarily by issuing preferred shares in an effort to enhance the returns for the common shareholders. The FundÔÇÖs shares trade on a stock exchange at market prices, which may be lower than its net asset value. In the normal course of business, the Fund enters into contracts that may include agreements to indemnify another party under given circumstances. Putnam Investment Management, LLC is the investment manager to the Fund.
Sales per Business
Investment and Related Activities29.90100%30.60100% +2.36%
USD in Million
Sales per region
United States29.90100%30.60100% +2.36%
USD in Million
Name Title Age Since
Jonathan S. Horwitz Principal Executive Officer & Executive VP 66 2010
Robert Lloyd Reynolds President & Trustee 69 2010
Janet Caroline Smith Principal Financial & Accounting Officer, VP 56 2007
James F. Clark Chief Compliance Officer & Vice President 47 2016
Michael J. Higgins Treasurer & Vice President 45 2010
Susan G. Malloy Vice President & Assistant Treasurer 64 2007
Mark C. Trenchard Vice President & BSA Compliance Officer 59 2002
Nancy E. Florek Vice President & Assistant Treasurer 64 2000
Robert T. Burns Chief Legal Officer & Vice President 60 2011
Members of the board
Name Title Age Since
Kenneth R. Leibler Chairman 72 2018
Ravindranath Akhoury Independent Trustee 74 2009
Paul L. Joskow, Dr. Independent Trustee 74 1997
George Putnam Independent Trustee 70 1984
Barbara M. Baumann Independent Trustee 65 2010
Liaquat Ali Ahamed Independent Trustee 69 2012
Katinka Ildiko Domotorffy Independent Trustee 46 2012
Catharine Bond Hill, Dr. Independent Trustee 67 2017
Manoj P. Singh Independent Trustee 69 2017
Robert Lloyd Reynolds President & Trustee 69 2010
Vote QuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 48,972,639 48,965,834 100.0% 0 0.0% 100.0%
Stock B 0 240 0 0.0% 0 0.0%
Stock C 0 1,507 0 0.0% 0 0.0%
The Charger Corp. 3,874,662 7.87%
Roumell Asset Management LLC 838,366 1.70%
Morgan Stanley Smith Barney LLC (Investment Management) 684,350 1.39%
Raymond James & Associates, Inc. (Invt Mgmt) 674,112 1.37%
Robinson Capital Management LLC 570,539 1.16%
United States Trust Co., NA 402,206 0.82%
BIP GP LLC 391,779 0.80%
RiverNorth Capital Management LLC 337,932 0.69%
Fir Tree Capital Management LP 315,995 0.64%
Royal Bank of Canada 286,534 0.58%
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