Franklin Municipal Opportunities Trust Tenders 100% of Series B/C RPS at 92.875% of Par
Franklin Municipal Opportunities Trust is offering to buy back up to 100% of its Series B and C Remarketed Preferred Shares at 92.875% of $25,000 per share, plus accrued dividends, contingent on a new preferred share offering. This move aims to refinance or replace the shares at a discount, potentially impacting income and net asset value.
