Welcome to our dedicated page for MFS High Yield Municipal Trust news (Ticker: CMU), a resource for investors and traders seeking the latest updates and insights on MFS High Yield Municipal Trust stock.
MFS High Yield Municipal Trust is a closed-end management investment company advised by MFS Investment Management and traded on the NYSE under the symbol CMU. The fund seeks high current income exempt from federal income tax through investments in municipal tax-exempt bonds and notes.
Company news for CMU centers on closed-end fund actions, including cash tender offers for common shares, net asset value pricing, proration results, preferred-share redemptions, leverage changes, shareholder agreements and liquidity-event governance. Updates also address the fund’s exchange-traded structure, NAV discounts and risks associated with closed-end municipal bond funds.
MFS High Yield Municipal Trust (NYSE: CMU) announced final results of its tender offer for up to 50% of outstanding common shares, which expired May 5, 2026.
The Fund accepted 12,746,391 shares (50% of shares) at 99% of NAV, or $3.75 per share, with tenders prorated at approximately 91.38%.
MFS High Yield Municipal Trust (NYSE: CMU) completed a tender offer that expired May 5, 2026 for 12,746,391 shares, about 50% of outstanding shares. Approximately 13,949,629.03 shares were tendered; estimated proration is 91.37%. Purchase price is $3.75 per share (99% of NAV). The actual number purchased and payment are anticipated on or about May 11, 2026. Georgeson LLC is information agent; Computershare is depositary agent. Numbers are preliminary and subject to adjustment.
MFS High Yield Municipal Trust (NYSE: CMU) commenced a cash tender offer to buy up to 50% of its outstanding common shares at 99% of NAV. The offer expires at 5:00 PM ET on May 5, 2026, with the pricing date on May 5, 2026 unless extended.
If tendered shares exceed the 50% limit, purchases will be made on a pro‑rata basis. Offer documents have been filed on Schedule TO and are available to shareholders for review.
MFS High Yield Municipal Trust (NYSE: CMU) will optionally redeem up to 180 of its 510 Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2051 on May 1, 2026. Redemption price equals the $100,000 liquidation preference per share plus unpaid dividends accumulated to, but excluding, the Redemption Date.
The partial redemption will reduce CMU's leverage attributable to preferred shares. Payment will be made by The Bank of New York Mellon, the Tender and Paying Agent. All regulatory requirements have been satisfied by MFS Investment Management.
MFS High Yield Municipal Trust (NYSE: CMU) authorized a cash tender offer for up to 50% of its outstanding common shares at 99% of NAV per share as of the tender expiration date. The offer is intended to provide liquidity ahead of a planned reorganization into MFS Municipal Income Trust and to encourage shareholder support for that reorganization. As of February 27, 2026, the Fund had 25,492,782 common shares outstanding, 510 preferred shares outstanding, and total net assets of $97.98 million (excluding preferred). The Tender Offer is contingent on shareholder approval of the reorganization at a special meeting scheduled for March 11, 2026, and, if approved, the reorganization is anticipated on or around June 1, 2026.
MFS High Yield Municipal Trust (NYSE: CMU) has announced an amendment to an existing agreement with a major shareholder regarding a potential liquidity event. The Board has extended the deadline for meeting the 7.50% trading discount threshold from July 15, 2025, to December 31, 2025.
The Fund, managed by MFS Investment Management, will need to maintain an average trading discount of shares at or below 7.50% for a consecutive 30-day period by the new deadline. As of June 30, 2025, MFS manages $635.4 billion in assets for individual and institutional investors worldwide.
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