MFS Investment Grade Municipal Trust Commences Tender Offer; Offering To Purchase Up To 10% Of Fund's Outstanding Common Shares At Share Price Equal To 98% Of Net Asset Value
Portfolio Pulse from Benzinga Newsdesk
MFS Investment Grade Municipal Trust has started a tender offer to purchase up to 10% of the fund's outstanding common shares at a share price equal to 98% of net asset value.
October 06, 2023 | 8:30 pm
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POSITIVE IMPACT
MFS Investment Grade Municipal Trust's tender offer could potentially lead to a short-term increase in demand for CXH shares.
The tender offer by MFS Investment Grade Municipal Trust could lead to an increase in demand for its shares (CXH) as investors may see this as an opportunity to sell their shares at a price close to the net asset value. This could potentially lead to a short-term increase in the share price.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100