secwatch.observer — SEC 8-K summary
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Issuer:     PUTNAM MANAGED MUNICIPAL INCOME TRUST (PMM)
CIK:        0000844790
Form:       8-K
Filed at:   2023-05-31T23:59:59+00:00
Accession:  0000928816-23-000737
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/844790/000092881623000737/0000928816-23-000737-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/844790/000092881623000737/a_mmit8k.htm
  HTML page:      https://secwatch.observer/filing/0000928816-23-000737

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