Western Asset Intermediate Muni Fund Inc. (NYSE: SBI), Western Asset Managed Municipals Fund Inc. (NYSE: MMU), Western Asset Municipal Partners Fund Inc. (NYSE: MNP), Western Asset Municipal High Income Fund Inc. (NYSE: MHF) and Western Asset Municipal Defined Opportunity Trust Inc. (NYSE: MTT) (each, a "Fund" and, together, the "Funds") announced that effective today, May 21, 2020, SBI, MMU, MNP and MHF may enter into tender option bond ("TOB") transactions and may invest in inverse floating rate instruments issued in TOB transactions. Also effective today, MTT’s current investment policy regarding TOB transactions is being updated to include the below disclosure.

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Western Asset Managed Municipals Fund Inc. New York, January 29, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Western Asset Managed Municipals Fund Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

Western Asset Managed Municipals Fund Inc. (NYSE: MMU) today announced the financial position of the Fund as of February 29, 2020.