Welcome to our dedicated page for MFS High Yield Municipal Trust news (Ticker: CMU), a resource for investors and traders seeking the latest updates and insights on MFS High Yield Municipal Trust stock.
MFS High Yield Municipal Trust (symbol: CMU) is a highly trusted name in the investment world, known for nearly a century of helping investors achieve their financial goals. As a diversified, closed-end management investment company based in the United States, its core mission is to provide high current income exempt from federal income tax. This is primarily achieved by investing a majority of its net assets, including assets attributable to preferred shares and borrowings, in tax-exempt bonds and notes.
One of the key strengths of MFS High Yield Municipal Trust is its long-term vision and commitment to active management. The company prioritizes the strongest ideas over individual contributions, fostering a culture of collaborative thinking. This approach ensures that robust integrated research and uncompromised information sharing are at the heart of their investment strategy, turning good ideas into great outcomes for their clients.
MFS Investment Management, the parent company, prides itself on being an equal-opportunity employer and maintaining a strong ethical foundation. Their employees are aligned with what matters most to clients: powerful risk-managed results and sound decision-making. This dedication to client success is not just a business strategy, but a core value that guides their daily operations.
Recent achievements and current projects of MFS High Yield Municipal Trust include ongoing investments in a diverse portfolio of tax-exempt bonds and notes. These investments are carefully selected to provide high current income while mitigating risk, ensuring sustainable growth and financial stability for their investors.
For those interested in staying up-to-date with the latest news and developments from MFS High Yield Municipal Trust, the company regularly shares news and updates sourced from MFS Investment Management. Investors can visit their official website for more information on current career opportunities and social media terms of use.
MFS® has updated the portfolio management team for three closed-end funds: MFS® High Income Municipal Trust (NYSE: CXE), MFS® High Yield Municipal Trust (NYSE: CMU), and MFS® Municipal Income Trust (NYSE: MFM), effective immediately. The team will be led by portfolio managers Michael Dawson, Jason Kosty, and Geoffrey Schechter. This change follows the passing of Gary Lasman on March 28, 2023. MFS emphasizes that the investment objectives and strategies of the funds remain unchanged despite this personnel transition. MFS, established in 1924, manages approximately US$560.4 billion in assets as of February 28, 2023.
MFS High Income Municipal Trust (NYSE: CXE) and MFS High Yield Municipal Trust (NYSE: CMU) announced an optional partial redemption of their Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2051, set for November 28, 2022. CXE will redeem up to 110 of its 975 shares, while CMU will redeem up to 50 of its 750 shares, both at a price of $100,000 per share plus unpaid dividends. This move aims to reduce each fund's leverage from preferred shares, with all regulatory requirements fulfilled by MFS Investment Management.
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