{"id":837948,"date":"2025-04-16T08:08:19","date_gmt":"2025-04-16T12:08:19","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/franklin-templeton-closed-end-funds-announce-share-repurchases-for-the-first-quarter-of-2025\/"},"modified":"2025-04-16T08:08:19","modified_gmt":"2025-04-16T12:08:19","slug":"franklin-templeton-closed-end-funds-announce-share-repurchases-for-the-first-quarter-of-2025","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/franklin-templeton-closed-end-funds-announce-share-repurchases-for-the-first-quarter-of-2025\/","title":{"rendered":"Franklin Templeton Closed-End Funds Announce Share Repurchases for the First Quarter of 2025"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwleftsingle { border-left: solid black 1pt }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadl0 { padding-left: 0px }\n.bwpadr0 { padding-right: 0px }\n.bwrightsingle { border-right: solid black 1pt }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwuline { text-decoration: underline }\n.bwvertalignb { vertical-align: bottom }\n.bwwidth10 { width: 10% }\n.bwwidth100 { width: 100% }\n.bwwidth25 { width: 25% }\n.bwwidth40 { width: 40% }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Franklin Templeton Closed-End Funds Announce Share Repurchases for the First Quarter of 2025<\/b><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nThe following Funds announced today their share repurchase activity during the first quarter of 2025.\n<\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwtopsingle bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth10\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Ticker<\/b><\/p>\n<\/td>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Fund Name<\/b><\/p>\n<\/td>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwwidth25\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Share Repurchases<br \/>\n<br \/>(1\/1\/25 &#8211; 3\/31\/25)<\/b><\/p>\n<\/td>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwwidth25\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Share Repurchases Since<br \/>\n<br \/>Inception of Each Fund\u2019s<br \/>\n<br \/>Repurchase Program<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth10\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nPMM\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nPutnam Managed Municipal Income Trust\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwwidth25\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n837,971\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwwidth25\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n18,100,986\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth10\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nPMO\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nPutnam Municipal Opportunities Trust\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwwidth25\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n543,575\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwwidth25\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n16,724,552\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth10\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nTDF\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nTempleton Dragon Fund, Inc.\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwwidth25\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n21,804\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwwidth25\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n9,356,988\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth10\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nEMF\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nTempleton Emerging Markets Fund\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwwidth25\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n139,103\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwwidth25\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n3,084,534\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\nThe Funds seek to enhance shareholder value by repurchasing their common shares when trading at a discount to the Fund\u2019s net asset value (\u201cNAV\u201d) per share. All repurchased shares are canceled and the difference between the purchase price and NAV results in incremental accretion to the Fund\u2019s NAV for all common shareholders.\n<\/p>\n<p>\nEach Fund\u2019s Board of Directors\/Trustees has authorized each Fund to repurchase shares when they are trading at a discount to NAV. Each Fund&#8217;s repurchase activity will be disclosed in its shareholder report for the relevant fiscal period.\n<\/p>\n<p><b>About Franklin Templeton<\/b><\/p>\n<p>\nFranklin Resources, Inc. is a global investment management organization with subsidiaries operating as Franklin Templeton.\n<\/p>\n<p>\nFor more information about the Funds, please call 1-888-777-0102 or consult the Funds\u2019 website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.franklintempleton.com%2Finvestments%2Foptions%2Fclosed-end-funds&amp;esheet=54238905&amp;newsitemid=20250416101191&amp;lan=en-US&amp;anchor=www.franklintempleton.com%2Finvestments%2Foptions%2Fclosed-end-funds&amp;index=1&amp;md5=cbd00f053aad81643df4e17242ba9dc9\">www.franklintempleton.com\/investments\/options\/closed-end-funds<\/a><span class=\"bwuline\" \/>or <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.putnam.com%2Findividual%2Fmutual-funds%2Fclosed-end-funds%2F&amp;esheet=54238905&amp;newsitemid=20250416101191&amp;lan=en-US&amp;anchor=www.putnam.com%2Findividual%2Fmutual-funds%2Fclosed-end-funds%2F&amp;index=2&amp;md5=b3912995307cc0df16224b59e19b2717\">www.putnam.com\/individual\/mutual-funds\/closed-end-funds\/<\/a>, with respect to the Putnam Funds. Hard copies of the Funds\u2019 complete audited financial statements are available free of charge upon request.\n<\/p>\n<p>\nData and commentary provided in this press release are for informational purposes only.\n<\/p>\n<p>\nThe Funds\u2019 shares are traded on the New York Stock Exchange. Similar to stocks, Fund share prices fluctuate with market conditions and, at the time of sale, may be worth more or less than the original investment. Shares of closed-end funds often trade at a discount to their net asset value, and can increase an investor\u2019s risk of loss. All investments are subject to risk, including the risk of loss.\n<\/p>\n<p>\nThis press release contains &#8220;forward-looking statements&#8221; as defined under the U.S. federal securities laws. Generally, the words &#8220;believe,&#8221; &#8220;expect,&#8221; &#8220;intend,&#8221; &#8220;estimate,&#8221; &#8220;anticipate,&#8221; &#8220;project,&#8221; &#8220;will,&#8221; and similar expressions identify forward looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual future results to differ significantly from each Fund\u2019s present expectations or projections indicated in any forward-looking statements. These risks include, but are not limited to, changes in economic and political conditions; regulatory and legal changes; leverage risk; valuation risk; interest rate risk; tax risk; disruption to investment advisory, administration and other service arrangements; and other risks discussed in the Fund\u2019s filings with the Securities and Exchange Commission. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Fund undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Fund\u2019s investment objectives will be attained.\n<\/p>\n<p>\nINVESTMENT PRODUCTS: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE\n<\/p>\n<p>\nCategory: Corporate Action\n<\/p>\n<p>\nSource: Franklin Resources, Inc.\n<\/p>\n<p>\nSource: Legg Mason Closed End Funds\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250416101191r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250416101191\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250416101191\/en\/<\/a><\/span><\/p>\n<p><b>Investor Contact: Fund Investor Services 1-888-777-0102<\/b>\u00a0<br \/>\n<br \/>Media Contact: Fund Investor Services-1-888-777-0102\n<\/p>\n<p><b>KEYWORDS:<\/b> United States North America New York<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Finance Banking Professional Services Other Professional Services Asset Management<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Franklin Templeton Closed-End Funds Announce Share Repurchases for the First Quarter of 2025 NEW YORK&#8211;(BUSINESS WIRE)&#8211; The following Funds announced today their share repurchase activity during the first quarter of 2025. Ticker Fund Name Share Repurchases (1\/1\/25 &#8211; 3\/31\/25) Share Repurchases Since Inception of Each Fund\u2019s Repurchase Program PMM Putnam Managed Municipal Income Trust 837,971 18,100,986 PMO Putnam Municipal Opportunities Trust 543,575 16,724,552 TDF Templeton Dragon Fund, Inc. 21,804 9,356,988 EMF Templeton Emerging Markets Fund 139,103 3,084,534 The Funds seek to enhance shareholder value by repurchasing their common shares when trading at a discount to the Fund\u2019s net asset value (\u201cNAV\u201d) per share. All repurchased shares are canceled and the difference between the purchase price and NAV results in incremental &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/franklin-templeton-closed-end-funds-announce-share-repurchases-for-the-first-quarter-of-2025\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Franklin Templeton Closed-End Funds Announce Share Repurchases for the First Quarter of 2025&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-837948","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Franklin Templeton Closed-End Funds Announce Share Repurchases for the First Quarter of 2025 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/franklin-templeton-closed-end-funds-announce-share-repurchases-for-the-first-quarter-of-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Franklin Templeton Closed-End Funds Announce Share Repurchases for the First Quarter of 2025 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Franklin Templeton Closed-End Funds Announce Share Repurchases for the First Quarter of 2025 NEW YORK&#8211;(BUSINESS WIRE)&#8211; The following Funds announced today their share repurchase activity during the first quarter of 2025. Ticker Fund Name Share Repurchases (1\/1\/25 &#8211; 3\/31\/25) Share Repurchases Since Inception of Each Fund\u2019s Repurchase Program PMM Putnam Managed Municipal Income Trust 837,971 18,100,986 PMO Putnam Municipal Opportunities Trust 543,575 16,724,552 TDF Templeton Dragon Fund, Inc. 21,804 9,356,988 EMF Templeton Emerging Markets Fund 139,103 3,084,534 The Funds seek to enhance shareholder value by repurchasing their common shares when trading at a discount to the Fund\u2019s net asset value (\u201cNAV\u201d) per share. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/franklin-templeton-closed-end-funds-announce-share-repurchases-for-the-first-quarter-of-2025\/","og_locale":"en_US","og_type":"article","og_title":"Franklin Templeton Closed-End Funds Announce Share Repurchases for the First Quarter of 2025 - Market Newsdesk","og_description":"Franklin Templeton Closed-End Funds Announce Share Repurchases for the First Quarter of 2025 NEW YORK&#8211;(BUSINESS WIRE)&#8211; The following Funds announced today their share repurchase activity during the first quarter of 2025. Ticker Fund Name Share Repurchases (1\/1\/25 &#8211; 3\/31\/25) Share Repurchases Since Inception of Each Fund\u2019s Repurchase Program PMM Putnam Managed Municipal Income Trust 837,971 18,100,986 PMO Putnam Municipal Opportunities Trust 543,575 16,724,552 TDF Templeton Dragon Fund, Inc. 21,804 9,356,988 EMF Templeton Emerging Markets Fund 139,103 3,084,534 The Funds seek to enhance shareholder value by repurchasing their common shares when trading at a discount to the Fund\u2019s net asset value (\u201cNAV\u201d) per share. 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