Franklin Municipal Opportunities Trust repurchases 95% of outstanding remarketed preferred shares
PMO•Franklin Municipal Opportunities Trust repurchased 5,273 Series B and Series C Remarketed Preferred Shares, about 95% of those outstanding, for $23,218.75 per share plus accrued and unpaid dividends. It funded the repurchase with net proceeds from an offering of 1,380 Series 1 Variable Rate Demand Preferred Shares.
1. Repurchase details
The tender offer expired October 29, 2026, and payment was made November 5. The repurchase price was 92.88% of the shares’ $25,000 liquidation preference. Untendered Remarketed Shares remain outstanding.
