PMM

NYSEMunicipal Bonds Municipal

Franklin Managed Municipal Income Trust

Sponsor: Franklin Templeton · Inception Feb 17, 1989 · Pays monthly

Market priceShare price

$5.85

+1.56% (+$0.09)

NAVAsset value per share

$6.02

as of Oct 13, 2026 · Nasdaq NAV symbol

Premium / discountPrice vs. assets

2.82% discount *

Indicative: latest price vs latest reported NAV

Distribution rate (price)Payout rate

6.77%

regular, annualised · on NAV 6.58%

Expense ratioAnnual cost

1.13%

fee table, Oct 2, 2026

LeverageBorrowing

Not reported

senior securities not tagged

Quote status: Market closed — last regular-session price · last trade Oct 15, 2026, 4:00 PM EDT (exchange time, ET) · retrieved Oct 15, 2026, 5:46 PM EDTRegular-session prices; extended-hours quotes are not displayed.

Links go to SEC EDGAR or the sponsor. Document dates are the filing's report date (or filing date); an older prospectus is shown with its date and is not a current comprehensive source. Links are checked weekly; failures are flagged.

Sponsor & official fund page

The sponsor's site carries daily NAV, fact sheets, distribution notices (Section 19(a)), tax information and reinvestment-plan terms.

Document	Date	Filed	Form	Source	Status
Sponsor websitelatest	—	—	—	Sponsor	OK (Oct 4, 2026, 12:18 AM EDT)

Prospectus & registration statements

Form N-2 and supplements: investment policies, fee table, leverage terms, rights offerings, at-the-market programmes.

Document	Date	Filed	Form	Source	Status
Registration statement amendment (Form N-2/A) — N-2/Alatest · filing index	Oct 7, 2026	Oct 7, 2026	N-2/A	SEC EDGAR	OK (Oct 11, 2026, 12:16 AM EDT)
Registration statement amendment (Form N-2/A) — N-2/A · filing index	Oct 2, 2026	Oct 2, 2026	N-2/A	SEC EDGAR	unchecked
Registration statement / prospectus (Form N-2) · filing index	Aug 6, 2026	Aug 6, 2026	N-2	SEC EDGAR	unchecked

Annual reports (N-CSR)

Financial highlights, statements, notes on leverage and fees, distribution sources.

Document	Date	Filed	Form	Source	Status
Annual shareholder report (Form N-CSR) — PUTNAM MANAGED MUNICIPAL INCOME TRUST - N-CSRlatest · filing index	Oct 31, 2025	Dec 30, 2025	N-CSR	SEC EDGAR	OK (Oct 4, 2026, 12:18 AM EDT)
Annual shareholder report (Form N-CSR) — PUTNAM MANAGED MUNICIPAL INCOME TRUST · filing index	Oct 31, 2024	Dec 27, 2024	N-CSR	SEC EDGAR	unchecked
Annual shareholder report (Form N-CSR) — PUTNAM MANAGED MUNICIPAL INCOME TRUST · filing index	Oct 31, 2023	Dec 27, 2023	N-CSR	SEC EDGAR	unchecked
Annual shareholder report (Form N-CSR) — PUTNAM MANAGED MUNICIPAL INCOME TRUST · filing index	Oct 31, 2022	Dec 29, 2022	N-CSR	SEC EDGAR	unchecked
Annual shareholder report (Form N-CSR) — PUTNAM MANAGED MUNICIPAL INCOME TRUST · filing index	Oct 31, 2021	Dec 28, 2021	N-CSR	SEC EDGAR	unchecked
Annual shareholder report (Form N-CSR) — PUTNAM MANAGED MUNICIPAL INCOME TRUST · filing index	Oct 31, 2020	Dec 28, 2020	N-CSR	SEC EDGAR	unchecked

Semi-annual reports (N-CSRS)

Document	Date	Filed	Form	Source	Status
Semi-annual shareholder report (Form N-CSRS) — PUTNAM MANAGED MUNICIPAL INCOME TRUST -N-CSRSlatest · filing index	Apr 30, 2026	Jun 26, 2026	N-CSRS	SEC EDGAR	OK (Oct 11, 2026, 12:18 AM EDT)
Semi-annual shareholder report (Form N-CSRS) — PUTNAM MANAGED MUNICIPAL INCOME TRUST _N-CSRS · filing index	Apr 30, 2025	Jun 27, 2025	N-CSRS	SEC EDGAR	unchecked
Semi-annual shareholder report (Form N-CSRS) — PUTNAM MANAGED MUNICIPAL INCOME TRUST · filing index	Apr 30, 2024	Jun 26, 2024	N-CSRS	SEC EDGAR	unchecked
Semi-annual shareholder report (Form N-CSRS) — PUTNAM MANAGED MUNICIPAL INCOME TRUST · filing index	Apr 30, 2023	Jun 28, 2023	N-CSRS	SEC EDGAR	unchecked
Semi-annual shareholder report (Form N-CSRS) — PUTNAM MANAGED MUNICIPAL INCOME TRUST · filing index	Apr 30, 2022	Jun 28, 2022	N-CSRS	SEC EDGAR	unchecked
Semi-annual shareholder report (Form N-CSRS) — PUTNAM MANAGED MUNICIPAL INCOME TRUST · filing index	Apr 30, 2021	Jun 28, 2021	N-CSRS	SEC EDGAR	unchecked

Portfolio holdings (N-PORT)

Monthly portfolio filed quarterly with a ~60-day lag.

Document	Date	Filed	Form	Source	Status
Monthly portfolio holdings (Form N-PORT)latest · filing index	Jul 31, 2026	Sep 25, 2026	NPORT-P	SEC EDGAR	OK (Oct 11, 2026, 12:18 AM EDT)
Monthly portfolio holdings (Form N-PORT) · filing index	Apr 30, 2026	Jun 24, 2026	NPORT-P	SEC EDGAR	unchecked
Monthly portfolio holdings (Form N-PORT) · filing index	Jan 31, 2026	Mar 27, 2026	NPORT-P	SEC EDGAR	unchecked
Monthly portfolio holdings (Form N-PORT) · filing index	Oct 31, 2025	Dec 23, 2025	NPORT-P	SEC EDGAR	unchecked
Monthly portfolio holdings (Form N-PORT) · filing index	Jul 31, 2025	Sep 23, 2025	NPORT-P	SEC EDGAR	unchecked
Monthly portfolio holdings (Form N-PORT) · filing index	Apr 30, 2025	Jun 24, 2025	NPORT-P	SEC EDGAR	unchecked
Monthly portfolio holdings (Form N-PORT) · filing index	Jan 31, 2025	Mar 31, 2025	NPORT-P	SEC EDGAR	unchecked

Tender offers

Schedule TO filings: pricing formula, size, deadlines, proration.

Document	Date	Filed	Form	Source	Status
Issuer tender offer statement (SC TO-I) — SC TO-Ilatest · filing index	Oct 1, 2026	Oct 1, 2026	SC TO-I	SEC EDGAR	OK (Oct 11, 2026, 12:16 AM EDT)
Issuer tender offer amendment (SC TO-I/A) · filing index	Aug 10, 2017	Aug 10, 2017	SC TO-I/A	SEC EDGAR	unchecked
Issuer tender offer amendment (SC TO-I/A) · filing index	Aug 7, 2017	Aug 7, 2017	SC TO-I/A	SEC EDGAR	unchecked
Issuer tender offer statement (SC TO-I) · filing index	Jul 10, 2017	Jul 10, 2017	SC TO-I	SEC EDGAR	unchecked
Tender offer communication (SC TO-C) — PUTNAM MANAGED MUNICIPAL INCOME TRUST · filing index	May 25, 2017	May 25, 2017	SC TO-C	SEC EDGAR	unchecked
Issuer tender offer amendment (SC TO-I/A) — PUTNAM MANAGED MUNICIPAL INCOME TRUST · filing index	Jul 17, 2007	Jul 17, 2007	SC TO-I/A	SEC EDGAR	unchecked
Issuer tender offer amendment (SC TO-I/A) — PUTNAM MANAGED MUNICIPAL INCOME TRUST · filing index	Jul 11, 2007	Jul 11, 2007	SC TO-I/A	SEC EDGAR	unchecked
Issuer tender offer statement (SC TO-I) — PUTNAM MANAGED MUNICIPAL INCOME TRUST · filing index	Jun 4, 2007	Jun 4, 2007	SC TO-I	SEC EDGAR	unchecked
Issuer tender offer statement (SC TO-I) — PUTNAM MANAGED MUNICIPAL INCOME TRUST · filing index	May 24, 2007	May 24, 2007	SC TO-I	SEC EDGAR	unchecked
Tender offer communication (SC TO-C) — PUTNAM MANAGED MUNICIPAL INCOME TRUST · filing index	Feb 15, 2007	Feb 15, 2007	SC TO-C	SEC EDGAR	unchecked

Proxy statements & reorganisations

Shareholder votes: directors, mergers, liquidations, conversions.

Document	Date	Filed	Form	Source	Status
Proxy statement (DEF 14A) — DEF 14Alatest · filing index	Apr 17, 2026	Mar 10, 2026	DEF 14A	SEC EDGAR	OK (Oct 4, 2026, 12:18 AM EDT)
Proxy statement (DEF 14A) — PUTNAM CLOSED-END FUNDS · filing index	Apr 25, 2025	Mar 10, 2025	DEF 14A	SEC EDGAR	unchecked
Proxy statement (DEF 14A) — PUTNAM CLOSED-END FUNDS · filing index	Apr 26, 2024	Mar 7, 2024	DEF 14A	SEC EDGAR	unchecked
Additional proxy materials (DEFA14A) — PUTNAM MANAGED MUNICIPAL INCOME TRUST AND PUTNAM MUNICIPAL OPPORTUNITIES TRUST · filing index	Nov 21, 2023	Nov 21, 2023	DEFA14A	SEC EDGAR	unchecked
Additional proxy materials (DEFA14A) — PUTNAM MANAGED MUNICIPAL INCOME TRUST, PUTNAM MASTER INTERMEDIATE INCOME TRUST A · filing index	Oct 31, 2023	Oct 31, 2023	DEFA14A	SEC EDGAR	unchecked
Additional proxy materials (DEFA14A) — PUTNAM MANAGED MUNICIPAL INCOME TRUST AND PUTNAM MUNICIPAL OPPORTUNITIES TRUST · filing index	Oct 12, 2023	Oct 12, 2023	DEFA14A	SEC EDGAR	unchecked
Additional proxy materials (DEFA14A) — PUTNAM CLOSED-END FUNDS · filing index	Oct 10, 2023	Oct 10, 2023	DEFA14A	SEC EDGAR	unchecked
Additional proxy materials (DEFA14A) — PUTNAM MANAGED MUNICIPAL INCOME TRUST AND PUTNAM MUNICIPAL OPPORTUNITIES TRUST · filing index	Sep 25, 2023	Sep 25, 2023	DEFA14A	SEC EDGAR	unchecked

Current reports (8-K)

Document	Date	Filed	Form	Source	Status
Current report (8-K) — PUTNAM MANAGED MUNICIPAL INCOME TRUSTlatest · filing index	May 31, 2023	May 31, 2023	8-K	SEC EDGAR	OK (Oct 4, 2026, 12:18 AM EDT)
Current report (8-K) — PUTNAM MANAGED MUNICIPAL INCOME TRUST · filing index	Feb 23, 2023	Feb 28, 2023	8-K	SEC EDGAR	unchecked
Current report (8-K) — PUTNAM MANAGED MUNICIPAL INCOME TRUST · filing index	Sep 18, 2020	Sep 23, 2020	8-K	SEC EDGAR	unchecked

Annual census (N-CEN)

Document	Date	Filed	Form	Source	Status
Annual census report (Form N-CEN)latest · filing index	Oct 31, 2025	Jan 12, 2026	N-CEN	SEC EDGAR	OK (Oct 4, 2026, 12:18 AM EDT)
Annual census report (Form N-CEN) · filing index	Oct 31, 2024	Jan 13, 2025	N-CEN	SEC EDGAR	unchecked
Annual census report (Form N-CEN) · filing index	Oct 31, 2023	Jan 9, 2024	N-CEN	SEC EDGAR	unchecked

Other

Document	Date	Filed	Form	Source	Status
Proxy voting record (N-PX)latest · filing index	Jun 30, 2026	Aug 21, 2026	N-PX	SEC EDGAR	OK (Oct 4, 2026, 12:18 AM EDT)
Proxy voting record (N-PX) · filing index	Jun 30, 2025	Aug 15, 2025	N-PX	SEC EDGAR	unchecked
Proxy voting record (N-PX) · filing index	Jun 30, 2024	Aug 29, 2024	N-PX	SEC EDGAR	unchecked
Proxy voting record (N-PX) — PUTNAM MANAGED MUNICIPAL INCOME TRUST · filing index	Jun 30, 2023	Aug 23, 2023	N-PX	SEC EDGAR	unchecked
All SEC filings for this fund (EDGAR)latest	—	—	—	SEC EDGAR	OK (Oct 4, 2026, 12:18 AM EDT)

Not on file for this fund: fact sheets, distribution notices, tax information, reinvestment plan. These are published on the sponsor's site rather than EDGAR; use the sponsor link above.

CEF Explorer research page for Franklin Managed Municipal Income Trust. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.