MFS High Income Municipal Trust (NYSE: CXE) adjourned its special shareholder meeting from April 7, 2026 to April 8, 2026 at 11:00 a.m. ET to solicit additional votes on a proposed Reorganization into MFS Municipal Income Trust (NYSE: MFM).
The CXE board unanimously approved the Reorganization on Dec 10, 2025; shareholders were mailed prospectus/proxy materials in early February 2026. The Surviving Fund approved related proposals, including appointment of Aberdeen as investment adviser, on April 2, 2026. MFS reported $622.2 billion AUM as of March 31, 2026.
MFS (NYSE:CXE) announced adjournment of the special shareholder meeting for MFS High Income Municipal Trust (CXE) to April 7, 2026 at 11:00 a.m. ET to solicit additional votes on a proposed reorganization into MFS Municipal Income Trust (NYSE:MFM).
The release notes CXH's conditional tender offer (up to 50% of shares at 99% NAV) is contingent on shareholder approval. The Surviving Fund approved appointment of Aberdeen as adviser, election of five trustees, and issuance of additional common shares to effect the reorganizations.
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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.