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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 Investment Grade Municipal Trust (NYSE:CXH) has declared a long-term capital gain distribution of $0.04633 per share and a short-term capital gain distribution of $0.01932. Both distributions have an ex-dividend date of December 14, 2021 and a record date of December 15, 2021, with payments on December 31, 2021. Additionally, MFS Municipal Income Trust (NYSE:MFM) also announced a long-term capital gain distribution of $0.00254 per share, following the same ex-dividend and record dates.
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