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As Of Filer Filing For·On·As Docs:Size Issuer Agent 3/04/15 Western Asset Managed Munis … Inc SC TO-I/A 2:34K Western Asset Managed Munis … Inc RR Donnelley/FA |
Document/Exhibit Description Pages Size
1: SC TO-I/A Amendment to Tender-Offer Statement -- Issuer HTML 22K
Tender Offer
2: EX-99.(A)(5)(III) Miscellaneous Exhibit HTML 8K
| SC TO-I/A |
As filed with the Securities and Exchange Commission on March 4, 2015
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE TO
Tender Offer Statement under Section 14(d)(1) or 13(e)(1)
of the Securities Exchange Act of 1934
(Amendment No. 3)
Western Asset Managed Municipals Fund Inc.
(Name of Subject Company (issuer))
Western Asset Managed Municipals Fund Inc.
(Name of Filing Person (offeror))
Municipal Auction Rate Cumulative Preferred Stock, Series M, Series T, Series W, Series Th and Series F, Par Value $0.001 Per Share
(Title of Class of Securities)
(CUSIP Number of Class of Securities)
Robert I. Frenkel
Secretary and Chief Legal Officer
Western Asset Managed Municipals Fund Inc.
100 First Stamford Place, 6th Floor
(203) 703-7046
(Name, address and telephone number of person authorized to receive notices and communications on behalf of the person(s) filing statement)
Copy to:
Sarah E. Cogan, Esq.
Simpson Thacher & Bartlett LLP
425 Lexington Avenue
New York, New York, 10017
(212) 455-2000
CALCULATION OF FILING FEE
| Transaction valuation | Amount of filing fee | |
| $225,000,000(a) | $26,145(b) | |
| (a) | Calculated as the aggregate maximum purchase price to be paid for 10,000 shares in the offer, based upon a price of 90% of the liquidation preference of $25,000 per share (or $22,500 per share). |
| (b) | Previously paid. Calculated at $116.20 per $1,000,000 of the Transaction Valuation. |
| ¨ | Check box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. |
| Amount Previously Paid: Not applicable | Filing Party: Not applicable | |
| Form or Registration No.: Not applicable | Date Filed: Not applicable |
| ¨ | Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer. |
Check the appropriate boxes below to designate any transactions to which this statement relates:
| ¨ | third party tender offer subject to Rule 14d-1 |
| x | issuer tender offer subject to Rule 13e-4 |
| ¨ | going-private transaction subject to Rule 13e-3 |
| ¨ | amendment to Schedule 13D under Rule 13d-2 |
Check the following box if the filing is a final amendment reporting the results of the tender offer.
This Amendment No. 3 (this “Amendment”) amends and supplements the Issuer Tender Offer Statement on Schedule TO (the “Schedule TO”) initially filed by Western Asset Managed Municipals Fund Inc., a Maryland corporation (the “Fund”), on January 22, 2015, as amended by Amendment No. 1 filed on February 2, 2015 and Amendment No. 2 filed on March 2, 2015, relating to the Fund’s offer to purchase for cash up to 100% of the Fund’s outstanding shares of Municipal Auction Rate Cumulative Preferred Stock, Series M, Series T, Series W, Series Th and Series F, par value $0.001 per share (the “Preferred Stock”), at 90% of the liquidation preference of $25,000 per share (or $22,500 per share), plus any unpaid dividends accrued through the termination date of this tender offer, upon the terms and subject to the conditions contained in the Offer to Purchase dated January 22, 2015 and the related Letter of Transmittal copies of which were previously filed as exhibit (a)(1)(i) and (a)(1)(ii) to the Schedule TO filed on January 22, 2015.
Filed herewith as Exhibit (a)(5)(iii) and incorporated by reference is a copy of the press release issued by the Fund dated March 4, 2015, announcing the final results of its offer.
ITEMS 1 THROUGH 9 AND ITEM 11
The information set forth in the Offer to Purchase and the related Letter of Transmittal, each filed as an exhibit to the Fund’s Schedule TO on January 22, 2015, is incorporated herein by reference with respect to Items 1 through 9 and Item 11 of this Schedule TO.
ITEM 10.
(a) The information set forth in the Offer to Purchase under Section 8 (“Selected Financial Information”) is incorporated herein by reference. In addition, the Fund’s semi-annual report to the stockholders for the period ended November 30, 2014 filed on Form N-CSRS on January 26, 2015 is incorporated herein by reference.
(b) Not applicable.
ITEM 12. EXHIBITS
| EXHIBIT |
DESCRIPTION | |
| (a)(1)(i) |
Offer to Purchase, dated January 22, 2015.* | |
| (a)(1)(ii) |
Form of Letter of Transmittal.* | |
| (a)(1)(iii) |
Form of Notice of Guaranteed Delivery.* | |
| (a)(1)(iv) |
Form of Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees.* | |
| (a)(1)(v) |
Form of Letter to Clients for use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees.* | |
| (a)(1)(vi) |
Form of Notice of Withdrawal.* | |
| (a)(2) |
None. | |
| (a)(3) |
Not Applicable. | |
| (a)(4) |
Not Applicable. | |
| (a)(5)(i) |
Press Release issued on January 22, 2015.* | |
| (a)(5)(ii) |
Press Release issued on March 2, 2015.** | |
| (a)(5)(iii) |
Press Release issued on March 4, 2015. | |
| (b) |
None. | |
| (d) |
None. | |
| (e) |
None. | |
| (g) |
None | |
| (h) |
None. | |
| * | Previously filed with the Fund’s Schedule TO, filed January 22, 2015, and incorporated herein by reference. |
| ** | Previously filed with Amendment No. 2 to the Fund’s Schedule TO, filed March 2, 2015, and incorporated herein by reference. |
ITEM 13.
Not applicable.
SIGNATURE
After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
| WESTERN ASSET MANAGED MUNICIPALS FUND INC. | ||
| By: | ||
| Name: | Kenneth D. Fuller | |
| Title: | Chairman, President and Chief Executive Officer | |
| Dated | March 4, 2015 | |
| Exhibit |
Document | |
| (a)(5)(iii) | Press Release issued on March 4, 2015. | |
| This ‘SC TO-I/A’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed on: | 3/4/15 | |||
| 3/2/15 | SC TO-I/A | |||
| 2/2/15 | SC TO-I/A | |||
| 1/26/15 | N-CSRS | |||
| 1/22/15 | SC TO-I | |||
| 11/30/14 | N-CSRS, NSAR-A | |||
| List all Filings | ||||