Core Viewpoint - MFS Investment Management announced the adjournment of special shareholder meetings for several municipal closed-end funds to solicit additional shareholder votes on proposed reorganizations and management changes [1]. Group 1: Special Shareholder Meetings - The special meetings for MFS High Income Municipal Trust (CXE), MFS High Yield Municipal Trust (CMU), MFS Investment Grade Municipal Trust (CXH), and MFS Municipal Income Trust (MFM) were adjourned to April 2, 2026, at 11:00 a.m. Eastern Time [1]. - The adjournment aims to gather more shareholder votes on two key proposals: the approval of a reorganization agreement and the appointment of abrdn, Inc. as the new investment adviser for the Surviving Fund [1]. Group 2: Reorganizations - On December 10, 2025, the Board of Trustees of each Target Fund unanimously approved the reorganizations, determining they are in the best interests of shareholders [1]. - Shareholders of each Target Fund received a prospectus/proxy statement in early February 2026, detailing the reorganizations and the Board's considerations [1]. Group 3: Conditional Tender Offers - MFS authorized separate conditional cash tender offers for up to 50% of outstanding common shares of CMU and CXH at a price equal to 99% of their net asset values [1]. - The commencement of these tender offers is contingent upon receiving the necessary shareholder votes in favor of the reorganizations at the adjourned meetings [1]. Group 4: New Management and Governance - The Board of the Surviving Fund approved a new investment management agreement with Aberdeen to serve as the investment adviser following the reorganizations [1]. - Five new trustees were nominated to serve on the board of the Surviving Fund post-reorganization, along with a proposal to issue additional common shares [1].

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].