Business Wire·Apr 2, 2026, 4:15 PM ET

MFS Municipal Closed-End Funds Announce Adjournment of Special Shareholder Meetings

MFS Investment Management adjourned the special meetings for MFS High Income Municipal Trust (CXE) and MFS Investment Grade Municipal Trust (CXH) from April 2, 2026, to April 7, 2026, at 11:00 a.m. Eastern Time.
The adjournment aims to allow further solicitation of shareholder votes regarding the proposed reorganizations of CXE & CXH into the MFS Municipal Income Trust (MFM).
The Boards of Trustees for CXE & CXH unanimously approved the reorganizations on December 10, 2025, recommending shareholder approval based on best interests.
A conditional cash tender offer for up to 50% of outstanding CXH shares at 99% of net asset value was authorized on March 4, 2026, contingent upon receiving the requisite shareholder vote at the April 7 meeting.
Shareholders of the surviving fund (MFM) voted to approve the appointment of Aberdeen as investment adviser, the election of five new trustees, & the issuance of additional common shares on April 2, 2026.
MFM shareholders as of December 11, 2025, received proxy statements in early February 2026 regarding the new investment management agreement, trustee nominations, & share issuance.
The press release includes a cautionary statement regarding forward-looking statements & risks under The Private Securities Litigation Reform Act of 1995.
MFS Investment Management serves as the investment adviser for these closed-end funds & reported approximately US$669.8 billion in assets under management as of February 28, 2026.