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MFS Investment Grade Municipal Trust - CXH STOCK NEWS

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

MFS Investment Grade Municipal Trust (symbol: CXH) is a United States-based diversified closed-end management investment company. The primary objective of MFS Investment Grade Municipal Trust is to seek high current income exempt from federal income tax, while also considering opportunities for capital appreciation. The fund primarily invests its net assets, including assets attributable to preferred shares and borrowing for investment purposes, in tax-exempt bonds and tax-exempt notes.

For almost a century, investors have trusted MFS to help them achieve their investment goals. MFS maintains its reputation by adhering to its core values: long-term vision, powerful risk-managed results, and collaborative decision-making. The company’s framework emphasizes robust integrated research, combining this with uncompromised information sharing to transform good ideas into great outcomes.

MFS Investment Grade Municipal Trust is managed with a long-term view, focusing on the strongest ideas that benefit clients. The company’s employees are aligned with what matters most to their clients—making thoughtful decisions born from collaborative thinking. Doing what is right for clients is embedded in the company's operations, representing a consistent element of their service ethos.

Recent achievements include strong performance in maintaining high current income exempt from federal income tax. The trust continues to be an attractive option for investors looking to optimize their tax-exempt income streams through a diversified portfolio of municipal bonds.

For those interested in learning more about MFS and its operations, the company offers detailed information on its official website, including social media terms of use, career opportunities, and latest updates. Explore more at www.mfs.com.

Latest News: Source: MFS Investment Management

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Source: MFS Investment Grade Municipal Trust

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MFS Investment Grade Municipal Trust (CXH) Announces Acceptance of 10% of Outstanding Common Shares in Tender Offer
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MFS® Investment Grade Municipal Trust (NYSE: CXH) announced the expiration of its tender offer for approximately 10% of its outstanding shares, with an estimated proration of 23.51 percent for tendering shareholders.
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MFS® Investment Grade Municipal Trust (CXH) announces a cash tender offer for up to 10% of its outstanding common shares at a price per share equal to 98% of the Fund's net asset value. The offer expires on November 6, 2023, unless extended.
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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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MFS Investment Management authorized a cash tender offer for up to 10% of the Fund's outstanding common shares at a price equal to 98% of the Fund's NAV per Share. The Fund expects to commence the Tender Offer on or before October 6, 2023. The Fund had total net assets of $77.5 million as of July 31, 2023. The Board has also agreed to propose a liquidity event at the Fund's 2025 annual meeting of shareholders if the average trading discount of the Shares is equal to or less than 7.50% for any consecutive 30-day period between the expiration date of the Tender Offer and July 15, 2025.
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FAQ

What is the primary investment objective of MFS Investment Grade Municipal Trust?

The primary investment objective is to seek high current income exempt from federal income tax, with a secondary consideration of capital appreciation.

What type of assets does MFS Investment Grade Municipal Trust invest in?

The trust primarily invests in tax-exempt bonds and tax-exempt notes.

How long has MFS been trusted by investors?

MFS has been trusted by investors for almost a century.

What core values does MFS adhere to?

MFS adheres to long-term vision, powerful risk-managed results, and collaborative decision-making.

How does MFS ensure high-quality ideas are transformed into outcomes?

MFS combines robust integrated research with uncompromised information sharing to turn good ideas into great outcomes.

What types of income can investors expect from MFS Investment Grade Municipal Trust?

Investors can expect high current income that is exempt from federal income tax.

What is the significance of MFS's long-term view?

The long-term view allows MFS to focus on the strongest ideas that provide sustainable benefits to clients.

Where can more information about MFS be found?

More information can be found on MFS's official website at www.mfs.com.

Does MFS offer career opportunities?

Yes, MFS offers current career opportunities which can be explored at www.mfs.com/careers.

Is MFS an equal opportunity employer?

Yes, MFS Investment Management is an equal opportunity employer.

MFS Investment Grade Municipal Trust

NYSE:CXH

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