JPMorgan restructures 692 CXE preferred shares

JPMorgan Chase Bank, N.A., as an indirect holder via a trust, reported an administrative restructuring involving 692 Remarketable Variable Rate MuniFund Term Preferred Shares of MFS High Income Municipal Trust.

Rhea-AI Filing Summary

JPMorgan Chase Bank, N.A., as an indirect holder via a trust, reported an administrative restructuring involving 692 Remarketable Variable Rate MuniFund Term Preferred Shares of MFS High Income Municipal Trust. In a cashless exchange tied to the reorganization of the fund into MFS Municipal Income Trust, these 692 preferred shares were exchanged, leaving 0 such shares reported as held in this issuer.

Insider Trade Summary

Other: 692 shares

Other 1 txn

Insider JPMorgan Chase Bank, N.A.

Role 10% Owner

Type	Security	Shares	Price	Value
Other	Remarketable Variable Rate MuniFund Term Preferred Shares	692	$0.00	$0.00

Holdings After Transaction: Remarketable Variable Rate MuniFund Term Preferred Shares — 0 shares (Indirect, By Trust)

Footnotes (1)

1. F1. In connection with the reorganization of the Issuer into MFS MUNICIPAL INCOME TRUST ("MFM"), 692 remarketable variable rate munifund term preferred shares (the "RVMTP Shares") of the Issuer indirectly beneficially owned by JPMorgan Chase Bank, National Association ("JPMCB") were exchanged for an equal number of RVMTP Shares of MFM in a cashless transaction. The 692 RVMTP shares reported as disposed of in Table I represent shares that were indirectly beneficially owned by JPMCB.

Key Figures

Preferred shares exchanged: 692 shares Price per share: $0.0000 Shares held after transaction: 0 shares

3 metrics

Preferred shares exchanged 692 shares Remarketable Variable Rate MuniFund Term Preferred Shares, reorganization transaction

Price per share $0.0000 Cashless exchange of preferred shares

Shares held after transaction 0 shares RVMTP shares of MFS High Income Municipal Trust

Key Terms

Remarketable Variable Rate MuniFund Term Preferred Shares, RVMTP Shares, cashless transaction, indirectly beneficially owned, +1 more

5 terms

Remarketable Variable Rate MuniFund Term Preferred Shares financial

"security_title: "Remarketable Variable Rate MuniFund Term Preferred Shares""

A remarketable variable rate munifund term preferred share is a type of preferred stock issued by a fund that invests in municipal (tax-exempt) debt, which pays a dividend that resets periodically with market rates and has a defined term or maturity. Think of it as an adjustable-rate certificate that can be resold on scheduled “remarketing” dates; it matters to investors because it offers tax-advantaged income with changing yields, but carries interest-rate sensitivity, liquidity risk at remarketing, and credit risk tied to the municipal holdings.

RVMTP Shares financial

"692 remarketable variable rate munifund term preferred shares (the "RVMTP Shares")"

cashless transaction financial

"were exchanged for an equal number of RVMTP Shares of MFM in a cashless transaction"

indirectly beneficially owned financial

"RVMTP Shares of the Issuer indirectly beneficially owned by JPMorgan Chase Bank"

reorganization of the Issuer financial

"In connection with the reorganization of the Issuer into MFS MUNICIPAL INCOME TRUST"

FAQ

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

What insider transaction did JPMorgan Chase Bank report for CXE?

JPMorgan Chase Bank, N.A. reported an administrative restructuring of 692 Remarketable Variable Rate MuniFund Term Preferred Shares. These shares, held indirectly via a trust, were exchanged in a cashless transaction as part of the reorganization into MFS Municipal Income Trust.

Was the JPMorgan Chase Bank Form 4 for CXE a buy or a sell?

The Form 4 does not show a typical buy or sell. It reports an "other" transaction where 692 preferred shares were exchanged in a cashless reorganization, classed as an administrative restructuring rather than an open-market purchase or sale.

How many CXE preferred shares were involved in JPMorgan’s restructuring?

The restructuring involved 692 Remarketable Variable Rate MuniFund Term Preferred Shares. These shares were indirectly beneficially owned by JPMorgan Chase Bank through a trust and were exchanged one-for-one for similar shares of MFS Municipal Income Trust.

What happened to JPMorgan’s CXE preferred share holdings after the transaction?

After the transaction, the Form 4 shows 0 Remarketable Variable Rate MuniFund Term Preferred Shares of MFS High Income Municipal Trust held. The 692 shares were exchanged for an equal number of similar preferred shares of MFS Municipal Income Trust in the reorganization.

Was cash paid in JPMorgan’s CXE preferred share transaction?

No cash changed hands in this transaction. The footnote explains that 692 preferred shares were exchanged for an equal number of new preferred shares of MFS Municipal Income Trust in a cashless transaction connected to the fund’s reorganization.

How is JPMorgan’s ownership in CXE characterized in this Form 4?

JPMorgan’s interest is reported as indirect ownership "By Trust" in the preferred shares. The Form 4 notes that the 692 shares were indirectly beneficially owned, and the transaction reflects their exchange during the reorganization rather than a direct trading decision.

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Accepted by SEC EDGAR 06/09/2026 - 04:55 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^*

JPMorgan Chase Bank, N.A.

(Last) (First) (Middle)

1111 POLARIS PARKWAY

(Street)

COLUMBUS OHIO 43240

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MFS HIGH INCOME MUNICIPAL TRUST [ CXE ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/08/2026

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

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

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

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
Remarketable Variable Rate MuniFund Term Preferred Shares	06/08/2026		J(1)		692	D(1)	(1)	0(1)	I	By Trust(1)

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

Explanation of Responses:

1. In connection with the reorganization of the Issuer into MFS MUNICIPAL INCOME TRUST ("MFM"), 692 remarketable variable rate munifund term preferred shares (the "RVMTP Shares") of the Issuer indirectly beneficially owned by JPMorgan Chase Bank, National Association ("JPMCB") were exchanged for an equal number of RVMTP Shares of MFM in a cashless transaction. The 692 RVMTP shares reported as disposed of in Table I represent shares that were indirectly beneficially owned by JPMCB.

	/s/ Adrian Budischak, Adrian Budischak, Authorized Signatory	06/09/2026
	** 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.
* Form 4: SEC 1474 (03-26)