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.
Summary not available.
MFS® has updated the portfolio management team for three closed-end funds: MFS® High Income Municipal Trust (NYSE: CXE), MFS® High Yield Municipal Trust (NYSE: CMU), and MFS® Municipal Income Trust (NYSE: MFM), effective immediately. The team will be led by portfolio managers Michael Dawson, Jason Kosty, and Geoffrey Schechter. This change follows the passing of Gary Lasman on March 28, 2023. MFS emphasizes that the investment objectives and strategies of the funds remain unchanged despite this personnel transition. MFS, established in 1924, manages approximately US$560.4 billion in assets as of February 28, 2023.
MFS High Income Municipal Trust (NYSE: CXE) and MFS High Yield Municipal Trust (NYSE: CMU) announced an optional partial redemption of their Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2051, set for November 28, 2022. CXE will redeem up to 110 of its 975 shares, while CMU will redeem up to 50 of its 750 shares, both at a price of $100,000 per share plus unpaid dividends. This move aims to reduce each fund's leverage from preferred shares, with all regulatory requirements fulfilled by MFS Investment Management.
Summary not available.