Welcome to our dedicated page for MFS High Income Municipal Trust news (Ticker: CXE), a resource for investors and traders seeking the latest updates and insights on MFS High Income Municipal Trust stock.
MFS High Income Municipal Trust (CXE) offers investors tax-exempt income through strategic municipal bond investments. This news hub provides essential updates for monitoring the fund's performance and management decisions.
Access timely press releases detailing CXE's portfolio adjustments, distribution announcements, and regulatory filings. Our curated collection helps investors track the fund's execution of its core strategy: generating federal tax-exempt income through high-quality municipal securities.
Key updates include earnings reports, changes in asset allocation, and commentary from MFS Investment Management's experienced team. Bookmark this page to stay informed about CXE's position in the municipal bond market and its ongoing efforts to optimize tax-advantaged returns.
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.
