MFS High Yield Municipal Trust·Financial Services
MFS High Yield Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index. It was formerly known as Colonial Municipal Income Trust. MFS High Yield Municipal Trust was founded in March 19, 1987 and is domiciled in the United States.
Financial Services
Asset Management
1987-03-19
0.73
Market Peers







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BOSTON--(BUSINESS WIRE)--MFS High Yield Trust Announces Optional Partial Redemption of Preferred Shares.

Almitas Capital LLC grew its holdings in shares of Mfs Hi Yld (NYSE: CMU) by 131.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,507,168 shares of the company's stock after buying an additional 855,533 shares during the period. Mfs Hi

I expect MFS High Income Municipal Trust to conduct a tender offer similar to plans already announced for CMU and CXH in the same vote. As a comparison, CMU and CXH boards authorized 50% tenders contingent on achieving the same vote. This is a binary situation. I expect merging into MFM absent a tender would be a money loser.

BOSTON--(BUSINESS WIRE)--MFS High Yield Municipal Trust (CMU) Announces Tender Offer.