Putnam Municipal Opportunities Trust
PMO
New York Stock Exchange- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Putnam Municipal Opportunities Trust (NYSE: PMO) is a diversified closed-end management investment company that seeks a high level of current income exempt from federal income tax, consistent with the preservation of capital. The Trust invests primarily in a portfolio of investment-grade and some below-investment-grade municipal bonds from the U.S. fixed income markets; it allocates across sectors including transportation, healthcare, education, housing, state and local general obligations, utilities, special tax, water and sewer, land secured, tobacco, and industrials; under normal market conditions, it invests at least 80% of its total assets in such municipal bonds. The Trust employs leverage through the issuance of preferred shares to enhance returns, which may increase net asset value volatility, and maintains a diversified portfolio selected through careful credit analysis and risk management. Launched in 1993 and domiciled in the United States with headquarters at 100 Federal Street, Boston, Massachusetts, the Trust operates in the asset management industry, targeting retail and institutional investors seeking tax-advantaged income. In July 2024, Putnam Investment Management, LLC transferred management of the Trust and other closed-end funds to Franklin Advisers, Inc., a subsidiary of Franklin Resources, following the January 2024 acquisition of Putnam by Franklin Resources; the Trust's portfolio managers transitioned to Franklin Advisers, integrating with its fixed income team. The Trust has actively repurchased shares under its program, authorizing buybacks of up to 10% of outstanding common shares; in Q3 2025, it repurchased 294,462 shares, contributing to a cumulative total of 17,709,437 shares; ongoing share repurchases continued through Q2 2025 as announced by Franklin Templeton.