MFS High Yield Municipal Trust Announces Final Results of Tender Offer
13 Novembro 2023 - 6:15PM
Business Wire
MFS® High Yield Municipal Trust (the “Fund”) (NYSE: CMU)
announced today that, in accordance with its tender offer for up to
10% of the Fund’s outstanding common shares (the “Shares”), which
expired at 5:00 P.M., Eastern Standard Time, on November 6, 2023,
the Fund has accepted 2,832,532 Shares, representing 10% of Shares,
for payment on or about November 15, 2023.
A total of 10,971,133.93 Shares were properly tendered and not
withdrawn by November 6, 2023, the final date for withdrawals.
Therefore, on a prorated basis, approximately 25.82% of the Shares
so tendered by each shareholder have been accepted for payment. The
purchase price of properly tendered Shares is 98% of the Fund’s net
asset value (“NAV”) per Share calculated as of the close of regular
trading on the New York Stock Exchange (“NYSE”) on November 6,
2023, which is equal to $3.39 per Share.
The Fund’s information agent for the tender offer is Georgeson
LLC and the depositary agent 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
1-866-541-3547.
About the Fund
The Fund is a closed-end investment company product advised by
MFS Investment Management. Closed end funds, unlike open-end funds,
are not continuously offered. 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. Shares may trade at a
discount to NAV. Shares of the Fund are not FDIC-insured and are
not deposits or other obligations of, or guaranteed by, any bank.
Shares of the Fund involve investment risk, including possible loss
of principal. For more complete information about the Fund,
including risks, charges, and expenses, please see the Fund's
annual and semi-annual shareholder reports or contact your
financial adviser.
About MFS Investment
Management
In 1924, MFS launched the first U.S. open-end mutual fund,
opening the door to the markets for millions of everyday investors.
Today, as a full-service global investment manager serving
financial advisors, intermediaries, and institutional clients, MFS
still serves a single purpose: to create long-term value for
clients by allocating capital responsibly. That takes our powerful
investment approach combining collective expertise, thoughtful risk
management and long-term discipline. Supported by our culture of
shared values and collaboration, our teams of diverse thinkers
actively debate ideas and assess material risks to uncover what we
believe are the best investment opportunities in the market. As of
October 31, 2023, MFS manages $538.9 billion in assets on behalf of
individual and institutional investors worldwide. Please visit
mfs.com for more information.
MFS Investment Management 111 Huntington
Ave., Boston, MA 02199
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version on businesswire.com: https://www.businesswire.com/news/home/20231113230236/en/
Media contacts: Dan Flaherty, +1 617.954.4256 For
shareholders/advisors: Jeffrey Schwarz, +1 617.954.5872
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