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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.
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