MFS Investment Grade Trust swaps 252 JPMorgan CXH preferreds

JPMorgan Chase Bank, N.A., a large shareholder of MFS Investment Grade Municipal Trust, reported an internal restructuring involving 252 Remarketable Variable Rate MuniFund Term Preferred Shares held indirectly through a trust.

Rhea-AI Filing Summary

JPMorgan Chase Bank, N.A., a large shareholder of MFS Investment Grade Municipal Trust, reported an internal restructuring involving 252 Remarketable Variable Rate MuniFund Term Preferred Shares held indirectly through a trust. These 252 preferred shares of the trust’s CXH holdings were exchanged on a one-for-one basis for 252 similar preferred shares of MFS Municipal Income Trust in a cashless reorganization. After this exchange, the trust no longer held these preferred shares of MFS Investment Grade Municipal Trust.

Insider Trade Summary

Other: 252 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	252	$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"), 252 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 252 RVMTP shares reported as disposed of in Table I represent shares that were indirectly beneficially owned by JPMCB.

Key Figures

Preferred shares exchanged: 252 shares Price per share: $0.0000 per share Holdings after transaction: 0 shares +2 more

5 metrics

Preferred shares exchanged 252 shares Remarketable Variable Rate MuniFund Term Preferred Shares involved in restructuring

Price per share $0.0000 per share Reported transaction price, indicating a cashless exchange

Holdings after transaction 0 shares CXH preferred shares indirectly held by the trust following the exchange

Restructuring shares 252 shares TransactionSummary restructuringShares associated with J-code restructuring

Transaction date 2026-06-08 Date of the reported restructuring transaction

Key Terms

Remarketable Variable Rate MuniFund Term Preferred Shares, beneficially owned, cashless transaction, reorganization, +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.

beneficially owned financial

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

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

cashless transaction financial

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

reorganization financial

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

indirectly beneficially owned financial

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

FAQ

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

What insider transaction did JPMorgan Chase Bank report for CXH?

JPMorgan Chase Bank reported an internal restructuring of CXH preferred shares. A trust indirectly beneficially owned by JPMorgan exchanged 252 remarketable variable rate munifund term preferred shares of CXH for an equal number of similar shares in MFS Municipal Income Trust in a cashless transaction.

How many CXH preferred shares were involved in JPMorgan’s Form 4 filing?

The filing shows 252 remarketable variable rate munifund term preferred shares. These shares were indirectly beneficially owned through a trust and were exchanged one-for-one for 252 similar preferred shares of MFS Municipal Income Trust as part of a reorganization.

Was the CXH insider transaction a buy or sell by JPMorgan?

The transaction was classified as an “other” restructuring, not a standard buy or sell. Trust-held CXH preferred shares were exchanged for equivalent preferred shares of MFS Municipal Income Trust in a cashless reorganization, leaving no remaining position in those specific CXH preferred shares.

How did the CXH preferred share reorganization affect JPMorgan’s holdings?

Following the transaction, JPMorgan’s trust no longer held those 252 CXH remarketable variable rate munifund term preferred shares. They were exchanged for 252 comparable preferred shares of MFS Municipal Income Trust, effectively shifting the preferred stake from CXH to MFM without cash changing hands.

What does “cashless transaction” mean in the CXH Form 4 filing?

A cashless transaction means no cash was paid or received for the exchange. In this case, 252 CXH remarketable variable rate munifund term preferred shares were swapped directly for 252 similar preferred shares of MFS Municipal Income Trust as part of the reorganization.

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

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Accepted by SEC EDGAR 06/09/2026 - 04:51 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
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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 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)
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)		252	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"), 252 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 252 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.
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* Form 4: SEC 1474 (03-26)