STOCK TITAN

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MFS Investment Grade Municipal Trust's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MFS Investment Grade Municipal Trust's position in the market.

Rhea-AI Summary
MFS Investment Grade Municipal Trust (CXH) Announces Acceptance of 10% of Outstanding Common Shares in Tender Offer
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.45%
Tags
none
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.02%
Tags
none
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.94%
Tags
none
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.42%
Tags
none
MFS Investment Grade Municipal Trust

NYSE:CXH

CXH Rankings

CXH Stock Data

61.82M
9.11M
33.17%
0.08%
All Other Insurance Related Activities
Finance and Insurance
Link
United States of America
Boston

About CXH

for almost a century, investors have trusted mfs to achieve their investment goals because we stay true to our convictions, and to who we are as active managers. we take the long view. we favor the strongest idea over the strongest individual. our employees are aligned with what matters most to our clients: long-term vision, powerful risk-managed results and good decisions born from collaborative thinking. robust integrated research is in our heritage and combining it with uncompromised information sharing is how we turn good ideas into great outcomes. doing what's right for clients is not a choice we make each day, it's who we are. learn more about our social media terms of use here: (paste link into browser) www.mfs.com/literms for current career opportunities visit www.mfs.com/careers mfs investment management is an equal opportunity employer.