MFS Amends Shareholder Agreement for MFS Investment Grade Municipal Trust
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 15 2025
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Source: Newsfilter
Agreement Amendment: MFS Investment Management has amended an agreement with a major shareholder of the MFS Investment Grade Municipal Trust, extending the deadline for meeting a trading discount threshold until December 31, 2025, which could trigger a liquidity event if not met.
Forward-Looking Statements: The press release includes cautionary statements regarding forward-looking information that may not guarantee future results and emphasizes the investment risks associated with the Fund's shares.
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About CXH
MFS Investment Grade Municipal Trust (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to seek high current income exempt from federal income tax, but may also consider capital appreciation. The Fund invests, under normal market conditions, at least 80% of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in tax-exempt bonds and tax-exempt notes. The Fund may also invest in below-investment grade quality debt instruments. It invests in various sectors, such as healthcare, general obligations, universities, water and sewer utilities, toll roads, student loan, airports, and state and local appropriations. The fund offers a Dividend Reinvestment and Cash Purchase Plan that allows common shareholders to reinvest either all the distributions paid by the fund or only the long-term capital gains. The Fund's investment adviser is Massachusetts Financial Services Company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
