MFS High Income Municipal Trust Adjourns Shareholder Meeting for Merger Vote

summarizeSummary

MFS High Income Municipal Trust (CXE) has adjourned its special shareholder meeting until April 7, 2026, to solicit additional votes for its proposed reorganization into MFS Municipal Income Trust.

check_boxKey Events

• Shareholder Meeting Adjourned

  The special shareholder meeting for MFS High Income Municipal Trust (CXE) was adjourned from April 2, 2026, to April 7, 2026, at 11:00 a.m. Eastern Time.

• Purpose of Adjournment

  The adjournment is to allow for the solicitation of additional shareholder votes concerning the proposed reorganization of CXE into MFS Municipal Income Trust (MFM).

• Surviving Fund Approvals

  Shareholders of the Surviving Fund (MFS Municipal Income Trust) approved proposals related to a new investment management agreement, the election of five new trustees, and the issuance of additional common shares.

auto_awesomeAnalysis

MFS High Income Municipal Trust (CXE) has adjourned its special shareholder meeting, originally held on April 2, 2026, until April 7, 2026. The adjournment is specifically to allow for the solicitation of additional shareholder votes regarding the proposed reorganization of CXE into MFS Municipal Income Trust (MFM). This indicates that the company has not yet secured sufficient shareholder support for the merger, introducing a delay and some uncertainty to the transaction's timeline. Notably, shareholders of the Surviving Fund (MFM) have already approved their related proposals, including a new investment adviser and the issuance of additional shares.