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CMU / CMU: Our Game Plan For This Muni CEF Tender Offer
MFS Municipal CEFs, High Yield Municipal Trust and Investment Grade Municipal Trust, are undergoing tender offers. Shareholders have the option to participate in the tender offers or reduce their allocation due to strong relative performance. The breakeven discount widening for the tender offer is 2.2%, meaning investors will make money if the discount does not widen more than 2.2% from current levels.
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Posted: Oct 25 2023, 12:27
Author Name: Seeking Alpha
Views: 110730
CMU News
By Seeking Alpha
October 25, 2023
CMU: Our Game Plan For This Muni CEF Tender Offer
MFS Municipal CEFs, High Yield Municipal Trust and Investment Grade Municipal Trust, are undergoing tender offers. Shareholders have the option to par more_horizontal