Putnam Managed Municipal Income Closed Fund

PMM · NYSE · Financial Services / Asset Management

6.24USD+0.01 (+0.16%)

Price History

Full chart

Market Stats

Previous Close6.23

Open6.21

Day Range6.15 – 6.28

52-Week Range5.39 – 6.49

Volume111.45K

Market Cap238.58M

P/E (TTM)10.13

Forward P/E0.00

EPS0.55

Dividend Yield7.11%

Beta0.72

50-Day Avg6.19

200-Day Avg6.25

About

Putnam Managed Municipal Income Trust is a close-ended fixed income mutual fund launched and managed by Putnam Investment Management LLC. It is co-managed by Putnam Investments Limited. The fund invests in the fixed income markets of the United States. It primarily invests in a diversified portfolio of tax-exempt municipal securities, including high-yield securities that are rated below investment grade. The fund benchmarks the performance of its portfolio against the Barclays Municipal Bond Index. Putnam Managed Municipal Income Trust was formed on February 24, 1989 and is domiciled in the United States.

Company Details

SectorFinancial Services
IndustryAsset Management
CEOMr. Robert Lloyd Reynolds
Employees0
Headquarters100 Federal Street, Boston, MA, United States, 02110, USA
Websitehttps://www.putnam.com/individual/mutual-funds/clo

Leadership

Mr. Robert Lloyd ReynoldsPresident and Interested Trustee · b. 1952
Ms. Janet C. SmithPrincipal Accounting Officer, Vice President and Assistant Treasurer · b. 1965
Ms. Susan A. McCormack CFASenior Vice President and Portfolio Manager
Mr. Paul M. Drury C.F.A.Portfolio Manager
Mr. Kevin Michael Cronin C.F.A.Portfolio Manager · b. 1961
Mr. Joshua BrooksPortfolio Manager
Ms. Thalia M. Meehan C.F.A.Portfolio Manager · b. 1961

Financials

Income Statement

Currency: USD	2006-10-31	2007-10-31	2008-10-31	2012-10-31	2013-10-31	2014-10-31	2015-10-31	2016-10-31	2017-10-31	2018-10-31	2019-10-31	2020-10-31	2021-10-31	2022-10-31	2023-10-31	2024-10-31	2025-10-31
Total Revenue	36.53M	27.76M	34.43M	31.72M	30.92M	29.44M	28.63M	27.39M	13.27M	3.59M	46.63M	8.40M	33.63M	-89.62M	12.76M	67.33M	13.98M
Growth (%)	-	-24.00%	+24.04%	-7.87%	-2.53%	-4.78%	-2.76%	-4.32%	-51.55%	-72.97%	+1199.86%	-81.98%	+300.21%	-366.50%	+114.24%	+427.61%	-79.24%
Cost of Revenue	56.95K	95.81K	3.45M	-	3.71M	3.59M	3.61M	357.21K	4.29M	3.87M	3.61M	3.41M	3.37M	3.13M	2.49M	613.33K	2.08M
Gross Profit	36.47M	27.66M	30.98M	31.72M	27.21M	25.85M	25.02M	27.04M	13.27M	3.59M	46.63M	8.40M	33.63M	-89.62M	12.76M	67.33M	11.89M
Gross Margin	99.84%	99.65%	89.97%	100.00%	88.00%	87.81%	87.39%	98.70%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	85.09%
Operating Expense	4.12M	3.99M	1.32M	3.97M	268.61K	378.96K	274.24K	3.87M	1.23M	-3.95K	626.14K	725.97K	802.15K	66.79K	418.23K	175.41K	-892.69K
Operating Income	32.35M	23.68M	29.67M	27.75M	26.94M	25.47M	24.75M	23.16M	12.04M	3.59M	46.01M	7.68M	32.82M	-89.68M	12.34M	67.15M	12.78M
Operating Margin	88.58%	85.29%	86.15%	87.47%	87.13%	86.52%	86.43%	84.56%	90.70%	100.11%	98.66%	91.36%	97.61%	100.07%	96.72%	99.74%	91.48%
EBITDA	-	-	-	41.15M	-60.90M	93.35M	23.81M	31.16M	12.04M	3.59M	46.01M	7.68M	32.82M	-89.68M	12.34M	67.68M	12.78M
EBITDA Margin	-	-	-	129.71%	-196.96%	317.05%	83.16%	113.76%	90.70%	100.11%	98.66%	91.36%	97.61%	100.07%	96.72%	100.53%	91.48%
Net Income	30.09M	9.29M	-73.25M	68.90M	-17.19M	59.24M	24.04M	31.16M	11.77M	2.91M	46.01M	7.68M	32.82M	-90.32M	12.34M	67.15M	12.09M
Net Income Margin	82.40%	33.47%	-212.73%	217.18%	-55.58%	201.19%	83.98%	113.76%	88.70%	81.17%	98.66%	91.36%	97.61%	100.78%	96.72%	99.74%	86.52%
R&D	-	-	-	-	-	-	0	1.14	0.35	0.1	1.5	0.43	1.33	6.53	2.03	-	-
R&D as % of Total Revenue	-	-	-	-	-	-	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.00%	0.00%	-	-
Interest Expense	0	0	0	-	43.88M	33.98M	430.00K	8.12M	264.26K	679.56K	555.35K	355.69K	219.23K	632.96K	1.07M	613.33K	693.04K
Interest Expense % of Total Revenue	0.00%	0.00%	0.00%	-	141.91%	115.41%	1.50%	29.64%	1.99%	18.94%	1.19%	4.23%	0.65%	-0.71%	8.39%	0.91%	4.96%

Balance Sheet

Currency: USD	2006-10-31	2007-10-31	2008-10-31	2012-10-31	2013-10-31	2014-10-31	2015-10-31	2016-10-31	2017-10-31	2018-10-31	2019-10-31	2020-10-31	2021-10-31	2022-10-31	2023-10-31	2024-10-31	2025-10-31
Total Assets	558.84M	501.75M	573.46M	604.09M	561.83M	589.84M	570.34M	585.10M	568.60M	521.86M	531.95M	529.60M	553.54M	427.71M	408.52M	420.01M	405.88M
Total Liabilities	10.06M	4.70M	18.60M	13.85M	17.02M	20.46M	16.80M	25.30M	42.28M	37.48M	9.83M	2.12M	1.66M	39.10M	38.31M	16.51M	19.31M
Total Equity	548.77M	497.05M	554.86M	590.23M	544.81M	569.38M	553.54M	559.80M	526.32M	484.37M	522.12M	527.48M	551.88M	388.61M	370.20M	403.50M	386.57M
Cash	1.61M	-	6.96M	59.19K	714.12K	-	8.32M	14.00M	1.26M	465.09K	2.71M	-10.66K	-59.22K	-114.75K	-	-	194.80K
Total Debt	-	-	-	-	13.51M	13.54M	13.55M	13.60M	35.86M	34.16M	39.68M	31.43M	40.72M	36.19M	21.14M	12.38M	16.08M
Net Debt	-	-	-	-59.19K	12.79M	13.54M	5.23M	-400.00K	34.60M	33.69M	17.12M	31.44M	40.78M	36.30M	21.14M	12.38M	15.88M

Cash Flow

Currency: USD	2006-10-31	2007-10-31	2008-10-31	2012-10-31	2013-10-31	2014-10-31	2015-10-31	2016-10-31	2017-10-31	2018-10-31	2019-10-31	2020-10-31	2021-10-31	2022-10-31	2023-10-31	2024-10-31	2025-10-31
Operating Cash Flow	30.09M	9.29M	-79.79M	-	-	-	0	0	0	0	26.22M	26.22M	26.22M	26.22M	-	-	-
Investing Cash Flow	-	-	-	-	-	-	0	0	0	0	-	-	-	27.38M	-	-	-
Financing Cash Flow	-42.76M	-61.02M	114.60M	-	-	-	0	0	0	0	-26.22M	-26.22M	-26.22M	-26.22M	-	-	-
Capital Expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	-	-	-	-	-	-	-	-	-	-	-	-	-	26.22M	-	-	-
Dividends Paid	24.62M	24.24M	21.49M	-	-	-	0	0	0	0	20.04M	20.04M	20.04M	20.04M	-	-	-
FCF to OCF	-	-	-	-	-	-	-	-	-	-	-	-	-	100.00%	-	-	-
Dividend Paid to FCF	-	-	-	-	-	-	-	-	-	-	-	-	-	76.42%	-	-	-

Earnings

Report Date	Jan 31, 2011	Apr 30, 2011	Jul 31, 2011	Oct 31, 2011	Jan 31, 2012	Apr 30, 2012	Jul 31, 2012	Oct 31, 2012	Jan 31, 2013	Apr 30, 2013	Jul 31, 2013	Oct 31, 2013	Jan 31, 2014	Apr 30, 2014	Jul 31, 2014	Oct 31, 2014	Jan 31, 2015	Apr 30, 2015	Jul 31, 2015	Oct 31, 2015	Jan 31, 2016	Apr 30, 2016	Jun 28, 2016	Oct 31, 2016	Dec 27, 2016	Apr 30, 2017	Jun 27, 2017	Oct 31, 2017	Dec 28, 2017	Apr 30, 2018	Jun 29, 2018	Oct 31, 2018	Dec 27, 2018	Apr 30, 2019	Jun 26, 2019	Oct 31, 2019	Dec 27, 2019	Apr 30, 2020	Jun 24, 2020	Oct 31, 2020	Dec 28, 2020	Apr 30, 2021	Jun 28, 2021	Oct 31, 2021	Dec 28, 2021	Jun 29, 2022	Dec 29, 2022	Dec 27, 2024
EPS Estimate	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EPS Actual	-0.17	-0.17	0.31	0.31	0.35	0.35	0.24	0.24	0.12	0.12	-0.27	-0.27	0.27	0.27	0.25	0.25	0.15	0.15	0.07	0.07	0.20	0.20	0.41	0.08	0.16	-0.05	-0.10	0.15	0.30	0.01	0.01	0.00	0.23	0.23	0.46	0.21	0.42	-0.38	-0.76	0.44	0.88	0.29	0.59	0.04	0.08	-1.04	-0.84	0.36
Surprise	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Timing	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Key Statistics & Ratios

Market Cap238.58M

Enterprise Value387.08M

Trailing P/E10.13

Forward P/E0.00

PEG Ratio0.00

Price / Sales12.09

Price / Book0.84

EPS0.55

Book Value6.70

Revenue (TTM)19.74M

Gross Profit (TTM)19.74M

Profit Margin61.27%

Operating Margin88.20%

Return on Equity3.06%

Return on Assets2.63%

Shares Outstanding42.83M

Shares Float0

Beta0.72

Dividend Yield7.11%

Dividend Rate0.40

Payout Ratio57.82%

Dividends

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0.03Nov 20, 20260.03Oct 23, 20260.03Sep 23, 20260.03Aug 24, 20260.03Jul 24, 20260.03Jun 23, 20260.03May 21, 20260.03Apr 23, 20260.03Mar 24, 20260.03Feb 20, 20260.03Jan 23, 2026

202512×

0.03Dec 15, 20250.03Nov 17, 20250.03Oct 17, 20250.03Sep 18, 20250.03Aug 18, 20250.03Jul 18, 20250.03Jun 16, 20250.03May 19, 20250.02Apr 17, 20250.02Mar 17, 20250.02Feb 24, 20250.02Jan 24, 2025

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0.02Dec 23, 2024