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CXH Overview

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Intellectia

Loading chart...

High
8.360
Open
8.360
VWAP
8.35
Vol
15.37K
Mkt Cap
--
Low
8.340
Amount
128.27K
EV/EBITDA(TTM)
--
Total Shares
--
EV
--
EV/OCF(TTM)
--
P/S(TTM)
--
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.
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Events Timeline

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News

Newsfilter
8.0
05-01Newsfilter
MFS Investment Management Announces Monthly Distributions
  • Distribution Overview: MFS Investment Management announced monthly distributions for several closed-end funds on May 1, 2026, with ex-dividend dates on May 19, 2026, and record and payable dates also on May 29, 2026, demonstrating the company's commitment to providing returns to investors.
  • Distribution Amount Details: For instance, MFS® High Yield Municipal Trust (NYSE:CMU) has a distribution of $0.01650 per share, while MFS® Government Markets Income Trust (NYSE:MGF) distributes $0.018720 per share, reflecting the diversity in income sources and distribution strategies across different funds.
  • Managed Distribution Plan: All funds adopt a managed distribution plan, which allows for the distribution of long-term capital gains or return of capital if monthly investment income is insufficient, aiming to stabilize investor return expectations amidst varying market conditions.
  • Investor Notification Mechanism: Whenever a distribution does not consist solely of net investment income, the fund will issue a notice to shareholders and a press release detailing the amount and composition of the distribution, ensuring transparency and aiding investors in making informed decisions.
Newsfilter
8.5
04-13Newsfilter
MFS Investment Grade Municipal Trust Launches Cash Tender Offer
  • Cash Tender Offer: MFS Investment Grade Municipal Trust has initiated a cash tender offer to purchase up to 50% of its outstanding common shares at 99% of the net asset value per share, reflecting the company's commitment to shareholder returns.
  • Offer Expiration Date: The tender offer will expire at 5:00 PM on May 12, 2026, and if the number of shares tendered exceeds the maximum, shares will be purchased on a pro-rata basis, ensuring fairness and protecting shareholder interests.
  • Important Document Disclosure: Shareholders are urged to carefully read the tender offer statement and related documents filed with the SEC to obtain crucial information about the tender offer, ensuring informed decision-making.
  • Fund Background Information: The Fund is a closed-end investment company advised by MFS Investment Management, managing $622.2 billion in assets, demonstrating its strong market presence and influence.
Newsfilter
8.5
04-08Newsfilter
MFS Investment Management Announces Fund Reorganizations
  • Fund Reorganization Approval: Shareholders of MFS High Income Municipal Trust, MFS High Yield Municipal Trust, and MFS Investment Grade Municipal Trust have approved their reorganization into MFS Municipal Income Trust, reflecting shareholder support for optimizing investment structures and expected to enhance overall fund management efficiency.
  • New Investment Adviser Appointment: Following the reorganization, abrdn Inc. has been appointed as the new investment adviser for MFS Municipal Income Trust, aiming to leverage its expertise to improve investment returns and strengthen the fund's competitive position in the market.
  • New Board Members Election: The board of MFS Municipal Income Trust will add five new trustees, intended to bring diverse perspectives and experiences to better navigate market changes and drive the fund's long-term growth.
  • Additional Share Issuance: To support the reorganization, MFS Municipal Income Trust will issue additional common shares, a move that not only helps to strengthen the capital base but also provides funding for future investment opportunities.
moomoo
8.0
04-08moomoo
MFS Investment Grade Municipal Trust Declares Optional Partial Redemption of Preferred Shares
  • Investment Grade Announcement: The Municipal Trust has announced an optional partial redemption of preferred shares.

  • Details of Redemption: This redemption allows for the buyback of a portion of the preferred shares, enhancing the trust's financial flexibility.

Newsfilter
8.5
03-12Newsfilter
MFS Investment Management Adjourns Shareholder Meetings
  • Adjournment of Meetings: MFS Investment Management announced the adjournment of special shareholder meetings for four Target Funds to April 2, 2026, to solicit additional shareholder votes for reorganization proposals, ensuring maximum shareholder interests are considered.
  • Reorganization Approval: On December 10, 2025, the Board unanimously approved the reorganization proposals, recommending shareholders vote in favor of merging the Target Funds into the Surviving Fund to enhance investment management efficiency and resource allocation.
  • Cash Tender Offer Plan: MFS authorized CMU and CXH to conduct cash tender offers for up to 50% of their outstanding shares at 99% of their net asset value, announced on March 4, 2026, aimed at enhancing shareholder returns and boosting market confidence.
  • New Investment Adviser Appointment: The Board of the Surviving Fund approved a new investment management agreement with Aberdeen and nominated five new trustees, aiming to improve governance and investment management capabilities post-reorganization.
Newsfilter
8.0
02-02Newsfilter
MFS Investment Management Announces Monthly Distributions
  • Distribution Announcement: MFS Investment Management has announced monthly distributions for several closed-end funds, with declaration dates set for February 2, 2026, ex-dividend and record dates on February 17, 2026, and payable dates on February 27, 2026, ensuring timely information for investors.
  • Distribution Amount Overview: For instance, the MFS® High Yield Municipal Trust (NYSE:CMU) will distribute $0.01650 per share, while the MFS® High Income Municipal Trust (NYSE:CXE) will distribute $0.0180 per share, reflecting the varying income capabilities and investment strategies of different funds.
  • Managed Distribution Plan: Some funds have adopted a managed distribution plan, which allows for distributions from long-term capital gains or return of capital if monthly investment income is insufficient, a strategy that aims to maintain distribution levels and may impact market performance.
  • Investor Notification Mechanism: Whenever a distribution includes non-net investment income, the fund will issue a notice to shareholders and a press release detailing the distribution amounts and composition, ensuring transparency and aiding investors in making informed decisions.

Valuation Metrics

The current forward P/E ratio for MFS Investment Grade Municipal Trust (CXH.N) is 0.00, compared to its 5-year average forward P/E of 0.00. For a more detailed relative valuation and DCF analysis to assess MFS Investment Grade Municipal Trust's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
0.00
Current PE
0.00
Overvalued PE
0.00
Undervalued PE
0.00

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
0.00
Current EV/EBITDA
0.00
Overvalued EV/EBITDA
0.00
Undervalued EV/EBITDA
0.00

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PS
0.00
Current PS
0.00
Overvalued PS
0.00
Undervalued PS
0.00

Financials

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Quarterly

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Frequently Asked Questions

What is MFS Investment Grade Municipal Trust (CXH) stock price today?

The current price of CXH is 8.345 USD — it has decreased -0.06

What is MFS Investment Grade Municipal Trust (CXH)'s business?

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.

What is the price predicton of CXH Stock?

Wall Street analysts forecast CXH stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CXH is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is MFS Investment Grade Municipal Trust (CXH)'s revenue for the last quarter?

MFS Investment Grade Municipal Trust revenue for the last quarter amounts to NaN USD, decreased

What is MFS Investment Grade Municipal Trust (CXH)'s earnings per share (EPS) for the last quarter?

MFS Investment Grade Municipal Trust. EPS for the last quarter amounts to USD, decreased

How many employees does MFS Investment Grade Municipal Trust (CXH). have?

MFS Investment Grade Municipal Trust (CXH) has 0 emplpoyees as of May 06 2026.

What is MFS Investment Grade Municipal Trust (CXH) market cap?

Today CXH has the market capitalization of 0.00 USD.