Franklin Managed Municipal Income Trust DEFA14A, filed Aug 30, 2023
Franklin Managed Municipal Income Trust (PMM)
| UNITED STATES |
| SECURITIES AND EXCHANGE COMMISSION |
| WASHINGTON, DC 20549 |
| SCHEDULE 14A |
| (RULE 14A-101) |
| INFORMATION REQUIRED IN PROXY STATEMENT |
| SCHEDULE 14A INFORMATION |
| Proxy Statement Pursuant to Section 14(a) |
| of the Securities Exchange Act of 1934 |
| Filed by the Registrant / X / |
| Filed by a Party other than the Registrant / / |
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| / / | Preliminary Proxy Statement. |
| / / | Confidential, for use of the Commission Only (as permitted by Rule 14a-6(e) (2)). |
| / / | Definitive Proxy Statement. |
| / X / | Definitive Additional Materials. |
| / / | Soliciting Material under § 240.14a-12. |
| PUTNAM MANAGED MUNICIPAL INCOME TRUST |
| PUTNAM MUNICIPAL OPPORTUNITIES TRUST |
| (Name of Registrant as Specified in its Charter) |
| (Name of Person(s) Filing Proxy Statement, |
| if Other Than the Registrant) |
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| -2- |
| Putnam Closed-End Funds |
| Proxy Contest |
| Answering Machine Script |
Hello,
This is Michael Woodall, Chief of Operations at Putnam Investments. I am calling regarding your investment in Putnam Managed Municipal Income Trust and Putnam Municipal Opportunities Trust.
The Special Meeting of Shareholders is scheduled for October 6, 2023. Shareholders of the funds are being asked to approve a new management contract and a new sub-advisory contract.
Please be aware that Saba Capital Management, a hedge fund activist, is attempting to prevent these proposals from passing. Should its efforts succeed, it could disrupt the operations of the Funds, leaving them without an investment adviser. The Funds’ Board of Trustees represents the interests of ALL shareholders, and unanimously recommends that shareholders vote FOR all the proposals on the Funds’ WHITE proxy card. Please discard any GOLD proxy cards received from Saba.
If you have any questions, please contact our proxy solicitor, EQ Fund Solutions, at 1-877-536-1555, Monday through Friday between the hours of 9:00 a.m. and 10:00 p.m. Eastern Time.
Your vote is very important. Thank you for your time and thank you for investing with Putnam.