Putnam Managed Municipal Income Closed Fund

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