MFS High Income Municipal Trust, MFS High Yield Municipal Trust, MFS Investment Grade Municipal Trust, and MFS Municipal Income Trust Announce Optional Partial Redemption of Preferred Shares
17 Junio 2024 - 3:36PM
Business Wire
MFS® High Income Municipal Trust (NYSE: CXE), MFS® High Yield
Municipal Trust (NYSE: CMU), MFS® Investment Grade Municipal Trust
(NYSE: CXH), and MFS® Municipal income Trust (NYSE: MFM) announced
today that each fund will complete one or more optional partial
redemptions of its Remarketable Variable Rate MuniFund Term
Preferred Shares, Series 2051 ("Series 2051 RVMTP Shares") during
the period from July 18, 2024 to December 31, 2024 (the “Redemption
Period”).
During the Redemption Period, each Fund will redeem up to 15% of
its Series 2051 RVMTP Shares. CXE will redeem up to 123 of the 815
Series 2051 RVMTP Shares, CMU will redeem up to 90 of the 600
Series 2051 RVMTP Shares, CXH will redeem up to 66 of the 438
Series 2051 RVMTP Shares, and MFM will redeem up to 171 of the
1,138 Series 2051 RVMTP Shares, each at a redemption price equal to
the liquidation preference of $100,000 per share plus unpaid
dividends and other distributions accumulated from the original
issue date to, but excluding, the date upon which each redemption
occurs (each a “Redemption Date”). The redemption of a portion of
each fund’s Series 2051 RVMTP Shares will reduce the amount of each
fund's leverage attributable to preferred shares.
All regulatory requirements relating to the redemption of each
fund’s Series 2051 RVMTP Shares have been satisfied by MFS
Investment Management. The Tender and Paying Agent is The Bank of
New York Mellon and its address is: 101 Barclay Street, Floor 7E,
New York, New York 10286. For each redemption within the Redemption
Period, payment of the redemption price for each fund's Series 2051
RVMTP Shares will be sent to the holder by the Tender and Paying
Agent on the Redemption Date.
Cautionary Statement Regarding
Forward-Looking Statements
This press release may contain statements regarding plans and
expectations for the future that constitute forward-looking
statements within The Private Securities Litigation Reform Act of
1995. All statements other than statements of historical fact are
forward-looking and can be identified by the use of words such as
"may," "will," "expect," "anticipate," "estimate," "believe,"
"continue," or other similar words. Such forward-looking statements
are based on the funds' current plans and expectations, are not
guarantees of future results or performance, and are subject to
risks and uncertainties that could cause actual results to differ
materially from those described in the forward-looking statements.
All forward-looking statements are as of the date of this release
only; the funds undertake no obligation to update or review any
forward-looking statements. You are urged to carefully consider all
such factors.
About the Funds
MFS® High Income Municipal Trust, MFS® High Yield Municipal
Trust, MFS® Investment Grade Municipal Trust, and MFS® Municipal
income Trust are closed-end investment company products advised by
MFS Investment Management. Closed-end funds, unlike open-end funds,
are not continuously offered. There is a one-time public offering
and once issued, common shares of the funds are bought and sold in
the open market through a stock exchange. Shares may trade at a
discount to the net asset value per share. Shares of the funds are
not FDIC-insured and are not deposits or other obligations of, or
guaranteed by, any bank. Shares of the funds involve investment
risk, including possible loss of principal.
About MFS Investment
Management®
In 1924, MFS® launched the first US open-end mutual fund,
opening the door to the markets for millions of everyday investors.
Today, as a full-service global investment manager serving
financial advisors, intermediaries and institutional clients, MFS
still serves a single purpose: to create long term value for
clients by allocating capital responsibly. That takes our powerful
investment approach combining collective expertise, thoughtful risk
management and long-term discipline. Supported by our culture of
shared values and collaboration, our teams of diverse thinkers
actively debate ideas and assess material risks to uncover what we
believe are the best investment opportunities in the market. As of
May 31, 2024, MFS manages $624.1 billion in assets under
management. Please visit mfs.com for more information.
MFS Investment Management 111
Huntington Ave., Boston, MA 02199
58752.1
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version on businesswire.com: https://www.businesswire.com/news/home/20240617046273/en/
Dan Flaherty, +1
617.954.4256
MFS High Income Municipal (NYSE:CXE)
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