Business Wire·Mar 4, 2026, 4:20 PM ET

MFS Investment Grade Municipal Trust Announces Tender Offer

MFS Investment Management announced that the Board of Trustees authorized the MFS Investment Grade Municipal Trust (NYSE: CXH) to conduct a cash tender offer for up to 50% of its outstanding common shares.
The tender offer price will be 99% of the Fund's net asset value per share as of the close of trading on the NYSE on the expiration date.
The Board approved the offer to encourage shareholder support for a previously announced reorganization with the MFS Municipal Income Trust & to provide liquidity ahead of that event.
As of February 27, 2026, the Fund had 8,199,220 common shares outstanding, 372 preferred shares outstanding, & $71.60 million in total net assets.
The tender offer is contingent upon shareholder approval of the reorganization at a special meeting scheduled for March 11, 2026.
If the reorganization is not approved, the tender offer will not be conducted.
The reorganization is currently anticipated to occur on or around June 1, 2026, with the tender offer commencing shortly after the March 11 meeting if approved.
If more shares are tendered than the 50% maximum, the Fund will purchase shares on a pro-rata basis.
A joint prospectus/proxy statement dated January 29, 2026, was mailed to shareholders in February 2026 with further reorganization details.
Formal offer documents will be filed with the SEC on Schedule TO & will be available free of charge at www.sec.gov.