Welcome to our dedicated page for MFS Investment Grade Municipal Trust news (Ticker: CXH), a resource for investors and traders seeking the latest updates and insights on MFS Investment Grade Municipal Trust stock.
MFS Investment Grade Municipal Trust reports developments as a NYSE-listed closed-end management investment company advised by MFS Investment Management. The fund seeks high current income exempt from federal income tax and invests primarily in tax-exempt municipal bonds and notes, with common shares trading in the open market and potentially at a discount to net asset value.
Recurring news for CXH centers on cash tender offers for common shares, net asset value pricing mechanics, shareholder liquidity actions, and optional partial redemptions of Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2051. Updates also address fund leverage tied to preferred shares and board-level matters involving discounts to NAV.
MFS Investment Grade Municipal Trust (NYSE: CXH) reported final results of its tender offer for up to 50% of outstanding common shares, which expired May 12, 2026.
The Fund accepted 4,099,610 shares (50% of shares) at 99% of NAV, or $8.54 per share, on a prorated basis of approximately 86.85% of properly tendered shares.
MFS Investment Grade Municipal Trust (NYSE: CXH) reported preliminary results of its tender offer for up to 4,099,610 common shares, about 50% of outstanding shares, which expired May 12, 2026.
About 4,720,213.63 shares were tendered; estimated proration is 86.85%, at $8.54 per share (99% of NAV).
MFS Investment Grade Municipal Trust (NYSE: CXH) commenced a cash tender offer to buy up to 50% of its outstanding common shares at a price equal to 99% of NAV. The offer expires at 5:00 PM ET on May 12, 2026, with the pricing date the same day unless extended.
If tendered shares exceed the 50% limit, purchases will be made on a pro-rata basis. Offer documents are filed on Schedule TO and are available to shareholders for review.
MFS Investment Grade Municipal Trust (NYSE: CXH) will optionally redeem up to 120 of 372 Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2051 on May 8, 2026. Each share will be redeemed at the $100,000 liquidation preference plus unpaid dividends through the Redemption Date. MFS said the partial redemption will reduce CXH's leverage attributable to preferred shares. All regulatory requirements have been satisfied and The Bank of New York Mellon will act as Tender and Paying Agent for the payment of redemption proceeds.
MFS (NYSE:CXE) announced adjournment of the special shareholder meeting for MFS High Income Municipal Trust (CXE) to April 7, 2026 at 11:00 a.m. ET to solicit additional votes on a proposed reorganization into MFS Municipal Income Trust (NYSE:MFM).
The release notes CXH's conditional tender offer (up to 50% of shares at 99% NAV) is contingent on shareholder approval. The Surviving Fund approved appointment of Aberdeen as adviser, election of five trustees, and issuance of additional common shares to effect the reorganizations.
MFS Investment Grade Municipal Trust (NYSE: CXH) authorized a cash tender offer for up to 50% of outstanding common shares at 99% of NAV per share, to provide liquidity and to encourage shareholder support for a planned reorganization into MFS Municipal Income Trust.
As of Feb 27, 2026, the Fund had 8,199,220 common shares outstanding and total net assets of $71.60 million. The reorganization vote is set for March 11, 2026, with consummation currently anticipated on or around June 1, 2026.
MFS Investment Grade Municipal Trust (NYSE: CXH) has announced an amendment to an existing shareholder agreement regarding a potential liquidity event. The Board of Trustees has extended the deadline for meeting the 7.50% trading discount threshold from July 15, 2025, to December 31, 2025.
The Fund, managed by MFS Investment Management which oversees $635.4 billion in assets as of June 30, 2025, will need to maintain an average trading discount equal to or less than 7.50% for a consecutive 30-day period before the new deadline to avoid triggering the liquidity event proposal.
Summary not available.
Summary not available.
Summary not available.