MFS High Income Municipal Trust·Financial Services

BOSTON--(BUSINESS WIRE)--MFS Municipal Closed-End Funds Announce Completion of Special Shareholder Meetings. Shareholders approved all proposals.

BOSTON--(BUSINESS WIRE)--MFS announced an adjournment of the special meeting of shareholders of MFS High Income Municipal Trust (NYSE: CXE) held on April 7, 2026.

BOSTON--(BUSINESS WIRE)--MFS Municipal Closed-End Funds Announce Adjournment of Special Shareholder Meetings Held on April 2, 2026.

BOSTON--(BUSINESS WIRE)--MFS municipal closed end funds announce adjournment of special shareholder meetings.

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.

Municipal bond closed-end funds (CEFs) are seeing narrowing discounts, with NXP and MHF offering the most compelling value in the space at present. Leverage costs are easing as the Fed cuts rates, which should improve distribution coverage and make leveraged muni CEFs more attractive. Of course, there are always risks that include increased volatility from leverage and sensitivity to long-term Treasury rates, but we've seen long-term rate stabilization within a fairly narrow range.
MFS High Income Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets. It primarily invests in municipal bonds and local general obligations of various sectors, such as multifamily, hospitals, care retirement, and investor-owned utilities. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index. It was formerly known as Colonial High Income Municipal Trust. MFS High Income Municipal Trust was formed on February 17, 1989 and is domiciled in United States.
Financial Services
Asset Management - Income
1989-02-17
0.83
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