MFS High Income Municipal Trust (N:CXE)
Business Focus: Closed End Funds
| Sector: Financials | Industry: Closed End Funds |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 111 Huntington Avenue, 24th Floor BOSTON MA 02199 |
| Tel: | N/A |
| Website: | https://www.mfs.com/en-us/individual-investor/product-strategies/closed-end-funds/CXE-mfs-high-income-municipal-trust.html#tab-overview |
| IR: | See website |
| Key People | ||
| David L. Dilorenzo President | Amanda S. Mooradian Assistant Secretary, Assistant Clerk | Rosa E. Licea-mailloux Chief Compliance Officer |
| James O. Yost Treasurer | John W. Clark Assistant Treasurer | Kino P. Clark Assistant Treasurer |
| Kasey L. Phillips Assistant Treasurer | Heidi W. Hardin Secretary, Clerk | Christopher R. Bohane Assistant Secretary, Assistant Clerk | Brian E. Langenfeld Assistant Secretary, Assistant Clerk |
| Business Overview |
| MFS High Income Municipal Trust (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to seek high current income exempt from federal income tax but may also consider capital appreciation. The Fund invests, under normal market conditions, approximately 80% of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in tax-exempt bonds and tax-exempt notes. The Fund invests primarily in municipal instruments. Its investment adviser invests 25% or more of the fund's total assets in municipal instruments that finance similar projects, such as those relating to education, healthcare, housing, utilities, water, or sewers. Its investments span across Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois and Kansas. The Fund's investment advisor is Massachusetts Financial Services Company. |
| Financial Overview |
| For the fiscal year ended 30 November 2023, MFS High Income Municipal Trust revenues increased 6% to $10.2M. Net income totaled $2.5M vs. loss of $34.3M. Revenues reflect Dividends from affiliated issuers increase of 53% to $152K. Net Income reflects Unaffiliated issuers increase from $36.4M (expense) to $2.3M (income), Legal fees decrease of 57% to $14K (expense), Shareholder communications decrease of 44% to $19K (expense). |
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