MFS Investment Grade Municipal Trust Announces Tender Offer Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 13 2026
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Source: Newsfilter
- Tender Offer Overview: MFS Investment Grade Municipal Trust announced that its tender offer expired on May 12, 2026, involving 4,099,610 shares, approximately 50% of the Fund's outstanding shares, indicating the company's commitment to shareholder returns.
- Tendered Shares Status: As of the deadline, approximately 4,720,213.63 shares were properly tendered and not withdrawn, with an estimated proration for tendering shareholders at 86.85%, reflecting strong investor response to the buyback initiative.
- Repurchase Price Details: The repurchase price is set at 99% of the Fund's net asset value, equating to $8.54 per share, demonstrating the Fund's confidence in its asset value while providing investors with a relatively stable return expectation.
- Subsequent Announcement Schedule: The actual number of shares to be purchased is anticipated to be announced on May 18, 2026, with payments to follow, providing investors with clear information on the buyback process.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
