Phillip Goldstein buys CMU shares at $3.50

Phillip Goldstein, a reporting person for MFS High Yield Municipal Trust (CMU), purchased additional common shares of the fund.

Rhea-AI Filing Summary

Phillip Goldstein, a reporting person for MFS High Yield Municipal Trust (CMU), purchased additional common shares of the fund. On January 20, 2026, he bought 678 shares of common stock at $3.50 per share, increasing his directly held position to 24,878 shares after the transaction.

The shares are held by Phillip Goldstein. Bulldog Investors, LLP and Andrew Dakos disclaim beneficial interest in these shares except to the extent of any pecuniary interest, and Andrew Dakos and Phillip Goldstein are partners of Bulldog Investors, LLP.

Insider Trade Summary

Net Buyer: 678 shares

Net Buy 1 txn

Insider Bulldog Investors, LLP, GOLDSTEIN PHILLIP, Dakos Andrew

Role 10% Owner | 10% Owner | 10% Owner

Bought 678 shs ($2K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	678	$3.50	$2K

Holdings After Transaction: Common Stock — 24,878 shares (Direct)

Footnotes (1)

1. F1. Shares are held by Phillip Goldstein. Bulldog Investors, LLP and Andrew Dakos disclaim beneficial interest in such shares except to the extent of any pecuniary interest therein. Andrew Dakos and Phillip Goldstein are the partners of Bulldog Investors, LLP

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did CMU disclose in this Form 4?

The filing shows that Phillip Goldstein bought 678 shares of MFS High Yield Municipal Trust (CMU) common stock at $3.50 per share.

How many CMU shares does Phillip Goldstein own after the reported trade?

Following the reported purchase, Phillip Goldstein beneficially owns 24,878 shares of CMU common stock.

What was the price paid per share in the CMU insider purchase?

The common stock of MFS High Yield Municipal Trust (CMU) was purchased at $3.50 per share in the reported transaction.

Who are the reporting persons associated with this CMU Form 4?

The reporting persons are Bulldog Investors, LLP, Phillip Goldstein, and Andrew Dakos, each listed as a 10% owner of CMU.

How does the filing describe Bulldog Investors, LLP and Andrew Dakos’ interest in the CMU shares?

The filing states that the shares are held by Phillip Goldstein, and that Bulldog Investors, LLP and Andrew Dakos disclaim beneficial interest in such shares except to the extent of any pecuniary interest.

What is the relationship between Bulldog Investors, LLP and the individuals in the CMU filing?

The filing explains that Andrew Dakos and Phillip Goldstein are partners of Bulldog Investors, LLP.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 01/22/2026 - 05:07 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bulldog Investors, LLP

(Last) (First) (Middle)

PARK 80 WEST - PLAZA TWO

250 PEHLE AVE. SUITE 708

(Street)

SADDLE BROOK NJ 07663

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MFS HIGH YIELD MUNICIPAL TRUST [ CMU ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/20/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/20/2026		P		678	D	$3.5	24,878(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Bulldog Investors, LLP

(Last) (First) (Middle)

PARK 80 WEST - PLAZA TWO

250 PEHLE AVE. SUITE 708

(Street)

SADDLE BROOK NJ 07663

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

GOLDSTEIN PHILLIP

(Last) (First) (Middle)

60 HERITAGE DRIVE

(Street)

PLEASANTVILLE NY 10570

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Dakos Andrew

(Last) (First) (Middle)

250 PEHLE AVE.

SUITE 708

(Street)

SADDLE BROOK NJ 07663

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. Shares are held by Phillip Goldstein. Bulldog Investors, LLP and Andrew Dakos disclaim beneficial interest in such shares except to the extent of any pecuniary interest therein. Andrew Dakos and Phillip Goldstein are the partners of Bulldog Investors, LLP

	Bulldog Investors, LLP By: /s/ Phillip Goldstein, Partner	01/22/2026
	/s/ Phillip Goldstein	01/22/2026
	/s/ Andrew Dakos	01/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.