Western Asset Intermediate Muni Fund stock: NAV falls to USD 8.20

Published on 11/03/2026 at 02:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Western Asset Intermediate Muni Fund stock is in focus after the fund reported its August financial position. Net investment income and net assets declined year on year.

Fund reports weaker quarterly position

Net assets and NAV were lower than in the prior-year quarter.
Net investment income declined, while the fund posted a realized and unrealized loss.
The fund continues to carry variable rate demand preferred stock of USD 47.4 million.

SBI, US9584351095, Illustration mit AI erstellt.

Western Asset Intermediate Muni Fund Inc. reported its financial position for August 31, 2026, on October 27. The Business Wire release showed lower net assets, NAV per share and net investment income than in the August 2025 quarter.

Net assets and income decline

Total net assets stood at USD 115.44 million at August 31, down from USD 117.31 million a year earlier. NAV per common share was USD 8.20, compared with USD 8.33 in the prior-year quarter, while the market price per share was USD 7.61 versus USD 7.64.

Total net investment income fell to USD 1.15 million from USD 1.33 million. The fund recorded a total realized and unrealized loss of USD 2.76 million, compared with a gain of USD 0.43 million in the prior-year quarter. Net investment income per common share was USD 0.08, unchanged from the previous quarter but below USD 0.09 a year earlier.

Preferred financing remains material

Variable rate demand preferred stock stood at USD 47.4 million, unchanged from the previous quarter. Undistributed net investment income was negative USD 3.09 million, compared with negative USD 3.01 million a year earlier. The financial figures are unaudited, according to the release.

How the fund is structured

Western Asset Intermediate Muni Fund Inc. is a diversified closed-end investment management company. Franklin Templeton Fund Advisor, LLC advises the fund, while Western Asset Management Company serves as sub-adviser. Both entities are indirect wholly owned subsidiaries of Franklin Templeton, and the fund files periodic reports and portfolio holdings information with the U.S. Securities and Exchange Commission.