CMU News and Press, MFS Municipal Income Trust From 01/02/24

2024-01-02 17:23:42 ET More on MFS High Yield Municipal Trust CMU: Our Game Plan For This Muni CEF Tender Offer Dividend scorecard for MFS High Yield Municipal Trust For further details see: MFS® High Yield Municipal Trust raises monthly dividend by 4.5% to ...

2023-12-02 08:32:32 ET Summary We review CEF market valuation and performance through the fourth week of November and highlight recent market action. CEFs had a good week, with November coming in as the second-best month in the last several years. We discuss the impact on net ...

MFS® High Yield Municipal Trust (the “Fund”) (NYSE: CMU) announced today that, in accordance with its tender offer for up to 10% of the Fund’s outstanding common shares (the “Shares”), which expired at 5:00 P.M., Eastern Standard Time, on November 6, 2023, ...

MFS® High Yield Municipal Trust (the “Fund”) (NYSE: CMU) announced today that its tender offer for 2,832,531 shares of the Fund’s outstanding common shares (the “Shares”), representing approximately 10% of the Fund’s outstanding shares, expired at 5:...

2023-10-29 10:15:34 ET Summary We review CEF market valuation and performance through the third week of October and highlight recent market action. All CEF sector NAVs were down on the week, while only three sectors managed to tighten. Investor should not take CEF performance ...

2023-10-25 12:27:30 ET Summary MFS Municipal CEFs, High Yield Municipal Trust and Investment Grade Municipal Trust, are undergoing tender offers. Shareholders have the option to participate in the tender offers or reduce their allocation due to strong relative performance. The...

2023-10-17 07:34:32 ET Summary Closed-end funds are currently trading at historically deep discounts, with the average discount at -9.64% at the end of Q3 2023. Municipal bond funds are experiencing particularly wide discounts, with an average discount of -12.89%. Non-leverage...

MFS® High Yield Municipal Trust (the “Fund”) (NYSE: CMU) today commenced a cash tender offer for the Fund’s common shares. The Fund is offering to purchase up to 10% of the Fund’s outstanding common shares (the “Shares”) at a price per Share equal to...

MFS® High Income Municipal Trust (NYSE: CXE), MFS® High Yield Municipal Trust (NYSE: CMU), and MFS® Investment Grade Municipal Trust (NYSE: CXH) announced today that each fund will complete an optional partial redemption of its Remarketable Variable Rate MuniFund Term Preferred Sha...

2023-09-01 15:47:25 ET Summary Taxable closed-end fund discounts have narrowed, reducing their attractiveness, while credit spreads have tightened, producing returns in some areas of the CEF market. Municipal CEFs remain exceptionally cheap, with discounts wider than 99% of histor...