Welcome to our dedicated page for MFS Investment Grade Muni Trust news (Ticker: CXH), a resource for investors and traders seeking the latest updates and insights on MFS Investment Grade Muni Trust stock.
MFS Investment Grade Municipal Trust (NYSE: CXH) is a diversified closed-end management investment company that focuses on generating high current income exempt from federal income tax, while also considering capital appreciation. The fund invests a majority of its net assets in tax-exempt bonds and tax-exempt notes and is advised by MFS Investment Management.
The CXH news feed highlights fund-level corporate actions and governance developments that matter to shareholders. Recent announcements have covered Board-authorized cash tender offers for up to 10% of the fund’s outstanding common shares at a price based on a percentage of net asset value, as well as the final and preliminary results of those tender offers, including oversubscription and prorated share acceptance.
News items also describe agreements with a large shareholder, under which the Board of Trustees agreed to propose a liquidity event for the fund’s shares at a future annual meeting unless specific trading discount conditions are met. Amendments to this agreement, including extensions of the deadline for satisfying the discount threshold, are disclosed through press releases and provide insight into the fund’s approach to addressing trading discounts and shareholder concerns.
In addition, CXH news includes updates on capital structure changes, such as the optional partial redemption of the fund’s Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2051. These actions affect the fund’s leverage attributable to preferred shares and are coordinated with related municipal trust funds advised by MFS Investment Management.
Investors and analysts can use the CXH news page to follow tender offer announcements, redemption notices, amendments to shareholder agreements, and other official communications that influence the fund’s share structure, trading dynamics, and governance. Regular review of these updates can help market participants understand how the fund’s Board and adviser manage liquidity, discounts to net asset value, and leverage over time.
MFS Investment Grade Municipal Trust (NYSE: CXH) has announced an amendment to an existing shareholder agreement regarding a potential liquidity event. The Board of Trustees 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 which oversees $635.4 billion in assets as of June 30, 2025, will need to maintain an average trading discount equal to or less than 7.50% for a consecutive 30-day period before the new deadline to avoid triggering the liquidity event proposal.
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MFS Investment Grade Municipal Trust (NYSE:CXH) has declared a long-term capital gain distribution of $0.04633 per share and a short-term capital gain distribution of $0.01932. Both distributions have an ex-dividend date of December 14, 2021 and a record date of December 15, 2021, with payments on December 31, 2021. Additionally, MFS Municipal Income Trust (NYSE:MFM) also announced a long-term capital gain distribution of $0.00254 per share, following the same ex-dividend and record dates.
MFS Investment Grade Municipal Trust (NYSE:CXH) has announced a long-term capital gain distribution of $0.02964 per share. Key dates are set for the ex-dividend on December 15, 2020, record date on December 16, 2020, and payable date on December 31, 2020. The trust, managed by MFS Investment Management, focuses on creating long-term value for clients, having over $535.8 billion in assets under management as of October 2020. Investors should consult their financial advisors for account changes.
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