Four MFS Investment funds extend VMTP shares’ term to 2021

By Wendy Van Sickle

Columbus, Ohio, Oct. 9 – The MFS Municipal Income Trust, MFS Investment Grade Municipal Trust, MFS California Municipal Fund and MFS High Income Municipal Trust have each extended the term of their existing variable rate municipal term preferred (VMTP) shares to Oct. 31, 2021, according to a press release.

Each fund’s VMTP shares previously had a term redemption date of April 1, 2019.

Boston-based MFS Investment Management manages the funds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.