MFS High Income Municipal Trust

CXE

BOSTON--(BUSINESS WIRE)--MFS Municipal Closed-End Funds Announce Closing Date for Reorganization and Change of Investment Adviser.

BOSTON--(BUSINESS WIRE)--MFS Announces Special Distribution for Certain Closed-End Funds in Connection with Reorganizations.

BOSTON--(BUSINESS WIRE)--MFS Municipal Closed-End Funds Announce Completion of Special Shareholder Meetings. Shareholders approved all proposals.

BOSTON--(BUSINESS WIRE)--MFS announced an adjournment of the special meeting of shareholders of MFS High Income Municipal Trust (NYSE: CXE) held on April 7, 2026.

BOSTON--(BUSINESS WIRE)--MFS Municipal Closed-End Funds Announce Adjournment of Special Shareholder Meetings Held on April 2, 2026.

BOSTON--(BUSINESS WIRE)--MFS municipal closed end funds announce adjournment of special shareholder meetings.

I expect MFS High Income Municipal Trust to conduct a tender offer similar to plans already announced for CMU and CXH in the same vote. As a comparison, CMU and CXH boards authorized 50% tenders contingent on achieving the same vote. This is a binary situation. I expect merging into MFM absent a tender would be a money loser.

Municipal bond closed-end funds (CEFs) are seeing narrowing discounts, with NXP and MHF offering the most compelling value in the space at present. Leverage costs are easing as the Fed cuts rates, which should improve distribution coverage and make leveraged muni CEFs more attractive. Of course, there are always risks that include increased volatility from leverage and sensitivity to long-term Treasury rates, but we've seen long-term rate stabilization within a fairly narrow range.

BOSTON--(BUSINESS WIRE)--MFS CLOSED-END FUNDS ANNOUNCE SPECIAL SHAREHOLDER MEETINGS RELATING TO PROPOSED REORGANIZATIONS, PROPOSED APPOINTMENT OF ABERDEEN AS INVEST. ADVISER.

BOSTON--(BUSINESS WIRE)--MFS Announces Closed End Fund Distributions for March 2025.