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MFS High Income Municipal Trust - CXE STOCK NEWS

Welcome to our dedicated page for MFS High Income Municipal Trust news (Ticker: CXE), a resource for investors and traders seeking the latest updates and insights on MFS High Income Municipal Trust stock.

MFS High Income Municipal Trust (CXE) is a diversified closed-end management investment company domiciled in the United States. With a primary investment objective of seeking high current income exempt from federal income tax, CXE has established itself as a reliable option for investors looking to minimize their tax liabilities while maximizing their income potential.

The fund primarily invests a majority of its net assets, which includes assets attributable to preferred shares and borrowings for investment purposes, in tax-exempt bonds and notes. This strategic focus on tax-exempt securities helps investors shield a significant portion of their income from federal taxation, making CXE an attractive option for those in higher tax brackets.

MFS High Income Municipal Trust is managed by MFS Investment Management, a company with a robust heritage of nearly a century in the investment space. MFS is well-regarded for its long-term vision, emphasis on collaborative thinking, and powerful risk-managed results. The company's employees are aligned with the core values that matter most to their clients, ensuring decisions are made with a long-term perspective in mind.

Recent achievements of the fund include consistent performance in terms of income generation and maintaining a diversified portfolio of high-quality municipal bonds. MFS High Income Municipal Trust continues to leverage integrated research and uncompromised information sharing to turn good investment ideas into great outcomes for its investors.

Overall, MFS High Income Municipal Trust (CXE) stands out for its focused investment strategy and reliable management, making it a noteworthy addition to any investment portfolio aimed at achieving tax-exempt income.

Rhea-AI Summary
MFS High Income Municipal Trust, MFS High Yield Municipal Trust, and MFS Investment Grade Municipal Trust will complete an optional partial redemption of their Remarketable Variable Rate MuniFund Term Preferred Shares on November 3, 2023. CXE will redeem up to 50 of the 865 Series 2051 RVMTP Shares, CXH will redeem up to 50 of the 488 Series 2051 RVMTP Shares, and CMU will redeem up to 100 of the 700 Series 2051 RVMTP Shares. The redemption price is $100,000 per share plus unpaid dividends and other distributions accumulated from the original issue date to, but excluding, the Redemption Date. The redemption will reduce the amount of leverage attributable to preferred shares.
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FAQ

What is MFS High Income Municipal Trust (CXE)?

MFS High Income Municipal Trust (CXE) is a diversified closed-end management investment company focused on generating high current income exempt from federal income tax.

What is the primary investment objective of CXE?

The primary investment objective of CXE is to seek high current income that is exempt from federal income tax.

What types of securities does CXE invest in?

CXE invests primarily in tax-exempt bonds and notes.

Who manages MFS High Income Municipal Trust?

The fund is managed by MFS Investment Management, a company with nearly a century of experience in the investment industry.

How does CXE benefit investors?

CXE benefits investors by providing high current income that is exempt from federal income tax, making it especially attractive for those in higher tax brackets.

What makes MFS Investment Management unique?

MFS Investment Management is known for its long-term vision, collaborative thinking, and robust risk-managed results.

How does CXE ensure the quality of its investment decisions?

CXE leverages integrated research and uncompromised information sharing to ensure high-quality investment decisions.

Is CXE a good investment for long-term income?

Yes, CXE is designed to provide high current income that is exempt from federal income tax, making it a good option for long-term income.

What is the competitive advantage of CXE?

CXE's competitive advantage lies in its focused investment strategy on tax-exempt securities and the experienced management by MFS Investment Management.

Where can I find more information about MFS High Income Municipal Trust?

More information about MFS High Income Municipal Trust (CXE) can be found on financial news websites and the official MFS Investment Management website.

MFS High Income Municipal Trust

NYSE:CXE

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CXE Stock Data

110.02M
31.53M
38.12%
0.2%
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