MFS Municipal Closed-End Funds Announce Extension of Term of Preferred Shares
October 09 2018 - 4:15PM
Business Wire
MFS Municipal Income Trust (NYSE: MFM), MFS Investment Grade
Municipal Trust (NYSE: CXH), MFS California Municipal Fund (NYSE
MKT: CCA), MFS High Income Municipal Trust (NYSE: CXE), and MFS
High Yield Municipal Trust (NYSE: 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.
Cautionary Statement Regarding
Forward-Looking Statements
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. All statements other than statements of historical fact are
forward-looking and can be identified by the use of words such as
"may," "will," "expect," "anticipate," "estimate," "believe,"
"continue," or other similar words. Such forward-looking statements
are based on the fund's current plans and expectations, are not
guarantees of future results or performance, and are subject to
risks and uncertainties that could cause actual results to differ
materially from those described in the forward-looking statements.
All forward-looking statements are as of the date of this release
only; the Fund undertakes no obligation to update or review any
forward-looking statements. You are urged to carefully consider all
such factors.
About the Funds
The funds are closed-end investment company products advised by
MFS Investment Management. Closed-end funds, unlike open-end funds,
are not continuously offered. There is a one-time public offering
and once issued, common shares of the funds are bought and sold in
the open market through a stock exchange. Shares may trade at a
discount to the net asset value per share. Shares of the funds are
not FDIC-insured and are not deposits or other obligations of, or
guaranteed by, any bank. Shares of the funds involve investment
risk, including possible loss of principal.
No VMTP shares have been registered under the Securities Act or
any state securities laws. Unless so registered, no VMTP shares may
be offered or sold in the United States except pursuant to an
exemption from the registration requirements of the Securities Act
and applicable state securities laws. This press release is neither
an offer to sell nor a solicitation of an offer to buy any of these
securities.
About MFS Investment
Management
Established in 1924, MFS is an active, global investment manager
with investment offices in Boston, Hong Kong, London, Mexico City,
São Paulo, Singapore, Sydney, Tokyo and Toronto. We employ a
uniquely collaborative approach to build better insights for our
clients. Our investment approach has three core elements:
integrated research, global collaboration and active risk
management. As of September 30, 2018, MFS manages US$485.0 billion
in assets on behalf of individual and institutional investors
worldwide. Please visit mfs.com for more information.
MFS Investment Management111
Huntington Ave., Boston, MA 02199
41397.3
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version on businesswire.com: https://www.businesswire.com/news/home/20181009006047/en/
MFS Investment ManagementDan Flaherty, +1 617-954-4256
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