<SEC-DOCUMENT>0000928816-23-001335.txt : 20230830
<SEC-HEADER>0000928816-23-001335.hdr.sgml : 20230830
<ACCEPTANCE-DATETIME>20230830162313
ACCESSION NUMBER:		0000928816-23-001335
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20230830
DATE AS OF CHANGE:		20230830

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUTNAM MANAGED MUNICIPAL INCOME TRUST
		CENTRAL INDEX KEY:			0000844790
		IRS NUMBER:				046608976
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-05740
		FILM NUMBER:		231225527

	BUSINESS ADDRESS:	
		STREET 1:		100 FEDERAL STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110
		BUSINESS PHONE:		6172921000

	MAIL ADDRESS:	
		STREET 1:		100 FEDERAL STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUTNAM MUNICIPAL OPPORTUNITIES TRUST
		CENTRAL INDEX KEY:			0000900422
		IRS NUMBER:				043187549
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0430

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-07626
		FILM NUMBER:		231225528

	BUSINESS ADDRESS:	
		STREET 1:		100 FEDERAL STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110
		BUSINESS PHONE:		6172921000

	MAIL ADDRESS:	
		STREET 1:		100 FEDERAL STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>a_mmimitdefa14a.htm
<DESCRIPTION>PUTNAM MANAGED MUNICIPAL INCOME TRUST AND PUTNAM MUNICIPAL OPPORTUNITIES TRUST
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   <TD align=center><FONT size=3 face=serif>UNITED STATES</FONT></TD></TR>

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   <TD noWrap align=center><FONT size=3 face=serif>SECURITIES AND EXCHANGE COMMISSION</FONT>&nbsp;</TD></TR>

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   <TD align=center><FONT size=3 face=serif>WASHINGTON, DC 20549</FONT></TD></TR>

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   <TD align=center><FONT size=3 face=serif>&nbsp;</FONT></TD></TR>

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   <TD align=center><FONT size=3 face=serif>SCHEDULE 14A</FONT></TD></TR>

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   <TD align=center><FONT size=3 face=serif>(RULE 14A-101)</FONT></TD></TR>

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   <TD noWrap align=center><FONT size=3 face=serif>&nbsp;</FONT></TD></TR>

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   <TD noWrap align=center><FONT size=3 face=serif>INFORMATION REQUIRED IN PROXY STATEMENT</FONT>&nbsp;</TD></TR>

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   <TD align=center><FONT size=3 face=serif>SCHEDULE 14A INFORMATION</FONT></TD></TR>

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   <TD align=center><FONT size=3 face=serif>&nbsp;</FONT></TD></TR>

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   <TD align=center><FONT size=3 face=serif>Proxy Statement Pursuant to Section 14(a)</FONT></TD></TR>

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   <TD align=center><FONT size=3 face=serif>of the Securities Exchange Act of 1934</FONT></TD></TR>

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   <TD align=center><FONT size=3 face=serif>&nbsp;</FONT></TD></TR>

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   <TD align=center><FONT size=3 face=serif>Filed by the Registrant / X /</FONT></TD></TR>

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   <TD align=center><FONT size=3 face=serif>&nbsp;</FONT></TD></TR>

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   <TD align=center><FONT size=3 face=serif>Filed by a Party other than the Registrant /&nbsp;&nbsp;&nbsp;/</FONT></TD></TR></TABLE></DIV>

<P style="MARGIN: 0px"><B><FONT size=3 face=serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0px"><B><FONT size=3 face=serif>Check the appropriate box:</FONT></B></P>

<P style="MARGIN: 0px"><STRONG></STRONG>&nbsp;</P>

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   <TD width="2%" noWrap align=left><FONT size=3 face=serif>/&nbsp;&nbsp;&nbsp;/</FONT>&nbsp;</TD>

   <TD width="98%" noWrap align=left><FONT size=3 face=serif>Preliminary Proxy Statement.</FONT>&nbsp;</TD></TR>

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   <TD width="2%" noWrap align=left><FONT size=3 face=serif>/&nbsp;&nbsp;&nbsp;/</FONT>&nbsp;</TD>

   <TD width="98%" noWrap align=left><FONT size=3 face=serif>Confidential, for use of the Commission Only (as permitted by Rule 14a-6(e) (2)).</FONT>&nbsp;</TD></TR>

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   <TD width="2%" noWrap align=left><FONT size=3 face=serif>/&nbsp;&nbsp;&nbsp;/</FONT>&nbsp;</TD>

   <TD width="98%" noWrap align=left><FONT size=3 face=serif>Definitive Proxy Statement.</FONT>&nbsp;</TD></TR>

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   <TD width="2%" noWrap align=left><FONT size=3 face=serif>/ X /</FONT>&nbsp;</TD>

   <TD width="98%" noWrap align=left><FONT size=3 face=serif>Definitive Additional Materials.</FONT>&nbsp;</TD></TR>

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   <TD width="2%" noWrap align=left><FONT size=3 face=serif>/&nbsp;&nbsp;&nbsp;/</FONT>&nbsp;</TD>

   <TD width="98%" noWrap align=left><FONT size=3 face=serif>Soliciting Material under &#167; 240.14a-12.</FONT>&nbsp;</TD></TR></TABLE></DIV>

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   <TD noWrap align=center><B><FONT size=3 face=serif>PUTNAM MANAGED MUNICIPAL INCOME TRUST</FONT></B>&nbsp;</TD></TR>

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   <TD noWrap align=center><B><FONT size=3 face=serif>PUTNAM MUNICIPAL OPPORTUNITIES TRUST</FONT></B>&nbsp;</TD></TR>

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   <TD align=center><FONT size=3 face=serif>(Name of Registrant as Specified in its Charter)</FONT></TD></TR>

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   <TD>&nbsp;</TD></TR>

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   <TD align=center><FONT size=3 face=serif>(Name of Person(s) Filing Proxy Statement,</FONT></TD></TR>

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   <TD align=center><FONT size=3 face=serif>if Other Than the Registrant)</FONT></TD></TR></TABLE></DIV>

<P style="MARGIN: 0px"><B><FONT size=3 face=serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0px"><B><FONT size=3 face=serif>Payment of Filing Fee (Check the appropriate box):</FONT></B></P>

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   <TD width="2%" noWrap align=left><FONT size=3 face=serif><FONT size=3 face=serif>/ X /</FONT></FONT>&nbsp;</TD>

   <TD width="98%" noWrap align=left><FONT size=3 face=serif>No fee required.</FONT>&nbsp;</TD></TR>

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   <TD width="98%">&nbsp;</TD></TR>

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   <TD width="2%" noWrap align=left><FONT size=3 face=serif>/&nbsp;&nbsp;&nbsp;/</FONT>&nbsp;</TD>

   <TD width="98%" noWrap align=left><FONT size=3 face=serif>Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.</FONT>&nbsp;</TD></TR>

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   <TD width="2%" noWrap align=left><FONT size=3 face=serif></FONT></TD>

   <TD width="98%" noWrap align=left><FONT size=3 face=serif>(1) Title of each class of securities to which transaction applies:</FONT>&nbsp;</TD></TR>

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   <TD width="2%" noWrap align=left><FONT size=3 face=serif></FONT></TD>

   <TD width="98%" noWrap align=left><FONT size=3 face=serif>(2) Aggregate number of securities to which transaction applies:</FONT>&nbsp;</TD></TR>

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   <TD width="2%" noWrap align=left><FONT size=3 face=serif></FONT></TD>

   <TD width="98%" noWrap align=left><FONT size=3 face=serif>(3) Per unit price or other underlying value of transaction computed pursuant to Exchange</FONT>&nbsp;</TD></TR>

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   <TD width="2%" noWrap align=left><FONT size=3 face=serif></FONT></TD>

   <TD width="98%" noWrap align=left><FONT size=3 face=serif>Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how</FONT>&nbsp;</TD></TR>

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   <TD width="2%" noWrap align=left><FONT size=3 face=serif></FONT></TD>

   <TD width="98%" noWrap align=left><FONT size=3 face=serif>it was determined):</FONT>&nbsp;</TD></TR>

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   <TD width="2%" noWrap align=left><FONT size=3 face=serif></FONT></TD>

   <TD width="98%" noWrap align=left><FONT size=3 face=serif>(4) Proposed maximum aggregate value of transaction:</FONT>&nbsp;</TD></TR></TABLE></DIV>

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   <TD width="98%" noWrap align=left><FONT size=3 face=serif>(5) Total fee paid:</FONT>&nbsp;</TD></TR>

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   <TD width="98%">&nbsp;</TD></TR>

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   <TD width="2%" noWrap align=left><FONT size=3 face=serif>/&nbsp;&nbsp;&nbsp;/</FONT>&nbsp;</TD>

   <TD width="98%" noWrap align=left><FONT size=3 face=serif>Fee paid previously with preliminary materials.</FONT>&nbsp;</TD></TR>

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   <TD width="98%">&nbsp;</TD></TR>

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   <TD width="2%" noWrap align=left><FONT size=3 face=serif>/&nbsp;&nbsp;&nbsp;/</FONT>&nbsp;</TD>

   <TD width="98%" noWrap align=left><FONT size=3 face=serif>Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and</FONT>&nbsp;</TD></TR>

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   <TD width="2%" noWrap align=left><FONT size=3 face=serif></FONT></TD>

   <TD width="98%" noWrap align=left><FONT size=3 face=serif>identify the filing for which the offsetting fee was paid previously. Identify the previous</FONT>&nbsp;</TD></TR>

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   <TD width="2%" noWrap align=left><FONT size=3 face=serif></FONT></TD>

   <TD width="98%" noWrap align=left><FONT size=3 face=serif>filing by registration statement number, or the Form or Schedule and the date of its filing.</FONT>&nbsp;</TD></TR>

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   <TD width="98%" noWrap align=left><FONT size=3 face=serif>(1) Amount Previously Paid:</FONT>&nbsp;</TD></TR>

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   <TD width="2%" noWrap align=left><FONT size=3 face=serif></FONT></TD>

   <TD width="98%" noWrap align=left><FONT size=3 face=serif>(2) Form, Schedule or Registration Statement No.:</FONT>&nbsp;</TD></TR>

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   <TD width="2%" noWrap align=left><FONT size=3 face=serif></FONT></TD>

   <TD width="98%" noWrap align=left><FONT size=3 face=serif>(3) Filing Party:</FONT>&nbsp;</TD></TR>

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   <TD width="2%" noWrap align=left><FONT size=3 face=serif></FONT></TD>

   <TD width="98%" noWrap align=left><FONT size=3 face=serif>(4) Date Filed:</FONT>&nbsp;</TD></TR></TABLE></DIV>

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   <TD noWrap align=center><B><U><FONT color=#952040 size=5 face=sans-serif>Putnam Closed-End Funds</FONT></U></B>&nbsp;</TD></TR>

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   <TD align=center><B><U><FONT color=#952040 size=5 face=sans-serif>Proxy Contest</FONT></U></B></TD></TR>

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   <TD noWrap align=center><B><U><FONT color=#952040 size=5 face=sans-serif>Answering Machine Script</FONT></U></B>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P>

<P style="TEXT-ALIGN: left"><FONT size=3 face=sans-serif>Hello,</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=3 face=sans-serif>This is Michael Woodall, Chief of Operations at Putnam Investments. I am calling regarding your investment in Putnam Managed Municipal Income Trust and Putnam Municipal Opportunities Trust.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=3 face=sans-serif>The Special Meeting of Shareholders is scheduled for October 6, 2023. Shareholders of the funds are being asked to approve a new management contract and a new sub-advisory contract.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=3 face=sans-serif>Please be aware that Saba Capital Management, a hedge fund activist, is attempting to prevent these proposals from passing. Should its efforts succeed, it could disrupt the operations of the Funds, leaving them without an investment adviser. The Funds&#8217; Board of Trustees represents the interests of ALL shareholders, and unanimously recommends that shareholders vote FOR all the proposals on the Funds&#8217; </FONT><FONT size=3 face=sans-serif><U>WHITE</U> </FONT><FONT size=3 face=sans-serif>proxy card. Please discard any </FONT><FONT size=3 face=sans-serif><U>GOLD</U> </FONT><FONT size=3 face=sans-serif>proxy cards received from Saba.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=3 face=sans-serif>If you have any questions, please contact our proxy solicitor, EQ Fund Solutions, at 1-877-536-1555, Monday through Friday between the hours of 9:00 a.m. and 10:00 p.m. Eastern Time.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=3 face=sans-serif>Your vote is very important. Thank you for your time and thank you for investing with Putnam.</FONT></P></DIV>



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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
