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Stocks/PMO/SEC Filings/SC TO-I Nov 5, 2026

PMO SC TO-I: Tender offer

Franklin Municipal Opportunities Trust

Filed with the SEC on Nov 5, 2026 · accession 0001193125-26-449157

PMO filed a SC TO-I (sc to-i) with the SEC on Nov 5, 2026. Franklin Municipal Opportunities Trust announced the final results of its tender offer to repurchase up to 100% of its Series B and Series C Remarketed Preferred Shares at $23,218.75 per share (92.875% of liquidation preference), accepting 5,273 shares (~95% of outstanding). The stock moved -0.1% by the first close after the filing.

Summary of the filing

Franklin Municipal Opportunities Trust announced the final results of its tender offer to repurchase up to 100% of its Series B and Series C Remarketed Preferred Shares at $23,218.75 per share (92.875% of liquidation preference), accepting 5,273 shares (~95% of outstanding). The Fund also completed an offering of 1,380 Series 1 Variable Rate Demand Preferred Shares, using net proceeds to fund the repurchase.

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Key details

Tender offer price per Remarketed Share$23K
Liquidation preference per Remarketed Share$25K
Number of Remarketed Shares accepted for paymentshares 5K
Number of Series 1 Variable Rate Demand Preferred Shares offeredshares 1K
Liquidation preference per Series 1 VRDP Share$100K
IssuerFranklin Municipal Opportunities Trust
Investment managerFranklin Advisers, Inc.
SubadviserFranklin Templeton Investment Management Limited
SubadviserPutnam Investment Management, LLC

How PMO stock reacted

Close before

$10.04

Nov 4, 2026

First close after

-0.10%

$10.03

5 trading days

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Since filing

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Frequently asked questions

What did PMO file with the SEC on Nov 5, 2026?

PMO filed a SC TO-I (Tender offer). Franklin Municipal Opportunities Trust announced the final results of its tender offer to repurchase up to 100% of its Series B and Series C Remarketed Preferred Shares at $23,218.75 per share (92.875% of liquidation preference), accepting 5,273 shares (~95% of outstanding). The Fund also completed an offering of 1,380 Series 1 Variable Rate Demand Preferred Shares, using net proceeds to fund the repurchase.

What does a tender offer mean for PMO stock?

A contract important enough that investors need to know about it — a big customer contract, a loan, a merger agreement or a partnership.

How do I read a SC TO-I?

A report the company filed with the SEC (the US market regulator). Start with the summary, then the key amounts and names. Compare it with the company’s earlier filings.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A SC TO-I (sc to-i): A report the company filed with the SEC (the US market regulator).

How did PMO stock react to this filing?

PMO closed at $10.04 before the filing and $10.03 on Nov 5, 2026 (-0.10%).

Other PMO SEC filings

  • EFFECT · Shelf registrationOct 8, 2026
  • SC TO-I · Tender offerOct 1, 2026

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Source: SEC EDGAR filing 0001193125-26-449157. The summary and key details are extracted by SEPT from the filing and may contain errors. Price reaction uses daily closing prices. Not financial advice.