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CMU - The MFS High Yield Municipal Trust: Leverage Munis And Tax Benefits
MFS Municipal Income Trust
2024-02-15 15:33:47 ET
Summary
The MFS High Yield Municipal Trust is a closed-end mutual fund that offers high federal tax-advantaged income and capital appreciation.
CMU invests in high-yield securities rated below investment grade, which carries greater risk but also the potential for higher returns.
CMU provides national diversification with exposure to various states and industries, but investors should consider the credit quality distribution and leverage of the fund.