CXH insider reports redemption of 120 preferred shares

MFS Investment Grade Municipal Trust reported that 120 Remarketable Variable Rate Munifund Term Preferred Shares, Series 2051 held indirectly by JPMorgan Chase Bank, N.A. through a trust were redeemed by the fund.

Accepted by SEC EDGAR 05/12/2026 - 10:12 AM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

MFS Investment Grade Municipal Trust reported that 120 Remarketable Variable Rate Munifund Term Preferred Shares, Series 2051 held indirectly by JPMorgan Chase Bank, N.A. through a trust were redeemed by the fund. The redemption price was $100,080.32875 per share, including a $100,000 liquidation preference and $80.32875 of accrued dividends. After this redemption, the reporting person’s indirect holdings in these preferred shares were 252.

Insider Trade Summary

Other: 120 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	120	$0.00	$0.00

Holdings After Transaction: Remarketable Variable Rate Munifund Term Preferred Shares — 252 shares (Indirect, By Trust)

Holdings Before and After: Remarketable Variable Rate Munifund Term Preferred Shares, 372 to 252 shares (Indirect, By Trust)

Footnotes (1)

1. F1. The 120 remarketable variable rate munifund term preferred shares reported as disposed of in Table I represent Remarketable Variable Rate Munifund Term Preferred Shares, Series 2051 (the "RVMTP Shares") beneficially owned by JPMorgan Chase Bank, National Association ("JPMCB"). The RVMTP Shares were disposed of as a result of a redemption by the Issuer for a redemption price of $100,080.32875 per share (which includes a liquidation preference of $100,000.00 per share and accrued dividends of $80.32875 per share).

Key Figures

Preferred shares redeemed: 120 shares Redemption price per share: $100,080.32875 per share Liquidation preference component: $100,000.00 per share +2 more

5 metrics

Preferred shares redeemed 120 shares Remarketable Variable Rate Munifund Term Preferred Shares, Series 2051

Redemption price per share $100,080.32875 per share RVMTP Shares issuer redemption

Liquidation preference component $100,000.00 per share Included in redemption price

Accrued dividends component $80.32875 per share Included in redemption price

Shares held after transaction 252 shares Indirect holdings after redemption

Key Terms

Remarketable Variable Rate Munifund Term Preferred Shares, RVMTP Shares, redemption price, liquidation preference, +1 more

5 terms

Remarketable Variable Rate Munifund Term Preferred Shares financial

"The 120 remarketable variable rate munifund term preferred shares reported as disposed of in Table I"

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

"represent Remarketable Variable Rate Munifund Term Preferred Shares, Series 2051 (the "RVMTP Shares")"

redemption price financial

"disposed of as a result of a redemption by the Issuer for a redemption price of $100,080.32875 per share"

The redemption price is the amount of money a person receives when they sell or redeem a bond or investment before it matures. It’s important because it determines how much you get back and can affect your overall profit or loss on the investment. Think of it like the price you get when returning a gift card early—it's the value you receive at that time.

liquidation preference financial

"which includes a liquidation preference of $100,000.00 per share and accrued dividends"

A liquidation preference is a rule that determines who gets paid first and how much they receive when a company is sold, goes bankrupt, or distributes its assets. It gives certain investors a priority claim—often returning their original investment plus any agreed multiple—before other owners receive money, which shapes how much common shareholders and founders ultimately get; think of it as a front-of-the-line pass that affects payout order and investor returns.

accrued dividends financial

"includes a liquidation preference of $100,000.00 per share and accrued dividends of $80.32875 per share"

Accrued dividends are payments a company owes to shareholders that have been earned or officially declared but not yet paid; think of them as an IOU the company has for past dividend obligations. They matter to investors because they represent a near-term claim on a company’s cash, affect the company’s reported liabilities and value, and can be especially important when assessing income reliability or priority in a payout situation.

FAQ

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

What insider transaction did CXH report for JPMorgan Chase Bank, N.A.?

CXH reported a redemption of 120 Remarketable Variable Rate Munifund Term Preferred Shares, Series 2051 indirectly held by JPMorgan Chase Bank, N.A. through a trust. The shares were redeemed by the fund, reducing the reporting person’s indirect holdings in this preferred series.

What was the redemption price per preferred share in the CXH Form 4?

Each Remarketable Variable Rate Munifund Term Preferred Share, Series 2051 was redeemed at $100,080.32875 per share. This amount includes a $100,000 liquidation preference plus $80.32875 of accrued dividends, as disclosed in the Form 4 footnote for the transaction.

How many CXH preferred shares does the reporting person hold after the redemption?

Following the redemption of 120 Remarketable Variable Rate Munifund Term Preferred Shares, Series 2051, the reporting person’s indirect holdings total 252 shares. These holdings are reported as being held through a trust, reflecting ownership after the disclosed transaction.

Was the CXH Form 4 transaction a purchase or sale by JPMorgan Chase Bank, N.A.?

The Form 4 describes the event as an “other transaction” where 120 preferred shares were disposed through an issuer redemption. It is not classified as an open-market purchase or sale but as a redemption of preferred shares by the fund.

How are the CXH preferred shares held by JPMorgan Chase Bank, N.A. reported?

The preferred shares are reported as indirectly owned by JPMorgan Chase Bank, N.A. with nature of ownership listed as “By Trust.” The footnote states the Remarketable Variable Rate Munifund Term Preferred Shares, Series 2051 are beneficially owned by JPMorgan Chase Bank, National Association.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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

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 INVESTMENT GRADE MUNICIPAL TRUST [ CXH ]

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)
05/08/2026

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	05/08/2026		J(1)		120	D(1)	(1)	252	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. The 120 remarketable variable rate munifund term preferred shares reported as disposed of in Table I represent Remarketable Variable Rate Munifund Term Preferred Shares, Series 2051 (the "RVMTP Shares") beneficially owned by JPMorgan Chase Bank, National Association ("JPMCB"). The RVMTP Shares were disposed of as a result of a redemption by the Issuer for a redemption price of $100,080.32875 per share (which includes a liquidation preference of $100,000.00 per share and accrued dividends of $80.32875 per share).

	JPMorgan Chase Bank, National Association, by: /s/ Adrian Budischak	05/12/2026
	** 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)