|Bid||9.27 x 800|
|Ask||9.28 x 1800|
|Day's Range||9.25 - 9.34|
|52 Week Range||8.56 - 9.52|
|Beta (3Y Monthly)||0.09|
|PE Ratio (TTM)||81.40|
|Forward Dividend & Yield||0.44 (4.77%)|
|1y Target Est||N/A|
MFS Investment Management® announced today monthly distributions of the following closed-end funds, all with declaration dates of April 1, 2019, ex-dividend dates of April 1
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of MFS Investment Grade Municipal Trust and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
MFS Municipal Income Trust (MFM), MFS Investment Grade Municipal Trust (CXH), MFS California Municipal Fund (NYSE MKT: CCA), MFS High Income Municipal Trust (CXE), and MFS High Yield Municipal Trust (CMU) today announced that each fund has extended the term of its existing variable rate municipal term preferred shares (VMTP shares). Each fund's VMTP shares previously had a term redemption date of April 1, 2019, which has in each case been extended to October 31, 2021. This press release may contain statements regarding plans and expectations for the future that constitute forward-looking statements within The Private Securities Litigation Reform Act of 1995.
Moody's Investors Service ("Moody's") has affirmed the ratings of Variable Rate Municipal Term Preferred Shares (VMTP Shares) issued by five closed-end funds advised by MFS Investment Management, as listed below. The affirmation of the ratings coincides with the Funds' expected maturity extension by approximately 30 months.
MFS Investment Grade Municipal Trust (the "fund") (CXH) announced today that, in accordance with its tender offer for up to 7.5 percent of the fund's outstanding common shares (the “shares”), which expired at 5:00 P.M., Eastern Time, on May 2, 2018, the fund has accepted 738,668 shares, representing 7.5 percent of shares, for payment on or about May 7, 2018. The purchase price of properly tendered shares is 98 percent of the fund's net asset value (NAV) per share calculated as of the close of regular trading on the New York Stock Exchange on May 2, 2018, which is equal to $10.084 per share. The information agent for the tender offer is Georgeson LLC and the depository for the tender offer is Computershare Trust Company N.A. Any questions with regard to the tender offer may be directed to the information agent toll-free at 1-866-391-6921.
MFS Investment Grade Municipal Trust (the "fund") (CXH) announced today that its tender offer for 738,668 of its outstanding common shares (the “shares”), representing approximately 7.5% of its outstanding shares, expired at 5:00 P.M., Eastern Time, on May 2, 2018. Except pursuant to a tender offer, common shares of the fund are only available for purchase/sale on the NYSE at the current market price.