Four MFS Investment funds set to redeem muni auction-rate preferreds

By Wendy Van Sickle

Columbus, Ohio, March 18 – The MFS Municipal Income Trust, the MFS High Income Municipal Trust, the MFS Investment Grade Municipal Trust and the MFS High Yield Municipal Trust called all of their outstanding municipal auction-rate cumulative preferred shares from six series.

According to filings with the Securities and Exchange Commission, the preferred shares to be redeemed include

• 33 preferred shares, series M, issued by MFS Investment Grade Municipal Trust to be redeemed April 29;

• 225 preferred shares, series T and W, issued by MFS High Income Municipal Trust. Series T will be redeemed on April 25, series W on April 26;

• 291 preferred shares, series T and TH, issued by MFS Municipal Income Trust. Series T will be redeemed on April 25, series TH on April 27; and

• 156 preferred shares, series F, issued by MFS High Yield Municipal Trust to be redeemed on April 28.

Boston-based MFS Investment Management manages the funds.

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