MFS Investment Grade Municipal Trust Announces Tender Offer

Core Viewpoint - MFS Investment Grade Municipal Trust has announced a cash tender offer for up to 50% of its outstanding common shares at 99% of the Fund's net asset value, aimed at encouraging shareholder support for an upcoming reorganization with MFS Municipal Income Trust and providing liquidity to shareholders ahead of this reorganization [1]. Group 1: Tender Offer Details - The tender offer will be for up to 50% of the Fund's outstanding common shares, with a price per share set at 99% of the Fund's net asset value as of the close of trading on the expiration date [1]. - As of February 27, 2026, the Fund had 8,199,220 shares of common stock outstanding, 372 shares of preferred stock, and total net assets of $71.60 million, excluding preferred shares [1]. - The tender offer is contingent upon receiving necessary shareholder approval for the reorganization, which will be voted on at a special meeting scheduled for March 11, 2026 [1]. Group 2: Reorganization Context - The tender offer is part of a strategy to encourage shareholder support for the reorganization with MFS Municipal Income Trust, which is anticipated to occur around June 1, 2026, if approved [1]. - Further details regarding the reorganization are outlined in a joint prospectus/proxy statement dated January 29, 2026, which was mailed to shareholders in February 2026 [1]. Group 3: Conditions and Future Announcements - If the number of shares tendered exceeds the maximum amount of the tender offer, shares will be purchased on a pro-rata basis, meaning not all tendered shares may be accepted [1]. - Additional terms and conditions of the tender offer will be detailed in the offering materials filed with the SEC, and further information will be provided in future press releases [1].