---
schema_version: "secwatch.filing_event.v1"
accession: "0000928816-23-000737"
form_type: "8-K"
ticker: "PMM"
cik: "0000844790"
company_name: "PUTNAM MANAGED MUNICIPAL INCOME TRUST"
filed_at: "2023-05-31T23:59:59+00:00"
generated_at: "2026-06-14T11:00:04.843492+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Franklin Resources to acquire Putnam Holdings, parent of Putnam Managed Municipal Income Trust's manager

## Summary
- Franklin Resources (Franklin Templeton) agrees to acquire Putnam Holdings in stock and cash deal; closing expected Q4 2023.
- Transaction automatically terminates current Putnam Funds management contract under the 1940 Act.
- Board of Trustees will vote on new contract; shareholder approval required for each fund, including PMM.
- Putnam Managed Municipal Income Trust (PMM) is one of the affected Putnam Funds.

## SEC filing metadata
- accession: 0000928816-23-000737
- form_type: 8-K
- ticker: PMM
- cik: 0000844790
- company_name: PUTNAM MANAGED MUNICIPAL INCOME TRUST
- filed_at: 2023-05-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/844790/000092881623000737/0000928816-23-000737-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/844790/000092881623000737/a_mmit8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000928816-23-000737
- JSON: https://secwatch.observer/filing/0000928816-23-000737.json
- Plain text: https://secwatch.observer/filing/0000928816-23-000737.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.