Western Asset Intermediate Muni Fund Inc. — Cyborg Score 6/10
Solid
Tax-exempt municipal bond funds
Strategic Profile
Under normal market conditions, the Fund invests at least 80% of its total assets in municipal obligations, and at least 80% in debt securities that are rated investment grade or equivalent quality. The fund benchmarks the performance of its portfolio against the Barclays Capital 1-15 Year Municipal Bond Index.
Cyborg Score Rationale
A mature closed-end municipal bond fund with established management, consistent dividend distribution, and diversified portfolio positioning. Recent performance benefited from sector rotation while facing modest headwinds, indicating stable mid-market positioning.
Top Insights
Generates tax-exempt income through municipal securities investing, appealing to high-income tax bracket investors
Consistent dividend distribution: announced a cash dividend of $0.042 with an ex-date of May 21, 2026
Recent performance drivers included overweight positioning in industrial revenue and transportation sectors plus strong issue selection in power sector
Fund structure includes variable rate demand preferred stock (VRDPS) as lever for total assets relative to net assets
Named Competitors
Municipal Bond ETFs — Tax-exempt municipal bond exchange-traded fund
Intermediate-Term Tax-Free Bonds — Municipal bond closed-end fund
Invesco Tax-Free Bond ETF — Tax-exempt municipal bond fund
Recent Developments
(April 2026) Announced financial position as of February 28, 2026, with detailed quarterly metrics
(May 2026) Declared quarterly dividend of $0.042 per share with ex-date May 21, 2026
(June 2026) Held Annual General Meeting on June 18, 2026 in Baltimore, MD
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