MFS Declares Distributions for Closed-End Funds
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Monthly Distributions Announced: MFS Investment Management has declared monthly distributions for several closed-end funds, with declaration dates on October 1, 2025, and payable dates on October 31, 2025.
Managed Distribution Plan Details: Some funds have adopted a managed distribution plan, which may involve distributing long-term capital gains or return of capital if sufficient investment income is not available, potentially affecting the market price of 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.
