
MFS Investment Management (&#34;MFS&#34;) announced today an adjournment of the special meeting of shareholders of MFS High Income Municipal Trust (NYSE:CXE) held on April 7, 2026 (the &#34;Meeting&#34;).


The Meeting is adjourned to

MFS Investment Management ("MFS") announced today an adjournment of the special meeting of shareholders of MFS High Income Municipal Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/CXE">CXE</a>) held on April 7, 2026 (the "Meeting").


The Meeting is adjourned to April 8, 2026, at 11:00 a.m. Eastern Time.


The Meeting was adjourned to allow for the solicitation of additional shareholder votes relating to a proposal that shareholders of CXE approve an Agreement and Plan of Reorganization between CXE and the MFS Municipal Income Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/MFM">MFM</a>) (the "Surviving Fund") (the "Reorganization").


The Reorganization


On December 10, 2025, the Board of Trustees (the "Board") of CXE unanimously approved the Reorganization. Shareholders of CXE as of December 11, 2025, were mailed a prospectus/proxy statement in early February 2026, providing additional information about the Reorganization and the factors considered by CXE's Board in approving the Reorganization. CXE's Board determined that the Reorganization is in the best interests of CXE's shareholders and recommends shareholders vote in favor of the Reorganization.


Appointment of Aberdeen as Investment Adviser, the Election of Five New Trustees, and Issuance of Additional Common Shares of the Surviving Fund


On December 10, 2025, the Board of the Surviving Fund unanimously approved (i) a new investment management agreement with Aberdeen, the US Subsidiary of Aberdeen Investments, to serve as the investment adviser to the Surviving Fund following the consummation of the Reorganizations, (ii) the nomination of five new trustees to serve as the Surviving Fund's board of trustees following the consummation of the Reorganizations, and (iii) the issuance of additional common shares of the Surviving Fund to accommodate the Reorganizations. Shareholders of the Surviving Fund as of December 11, 2025, were mailed a proxy statement in early February 2026, providing additional information and soliciting a vote in favor of each proposal, all of which were recommended by the Surviving Fund's Board. On April 2, 2026, shareholders of the Surviving Fund approved each of the above discussed proposals.


Cautionary Statement Regarding Forward-Looking Statements


This press release may contain statements regarding plans and expectations for the future that constitute forward-looking statements within The Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking and can be identified by the use of words such as &#34;may,&#34; &#34;will,&#34; &#34;expect,&#34; &#34;anticipate,&#34; &#34;estimate,&#34; &#34;believe,&#34; &#34;continue,&#34; or other similar words. Such forward-looking statements are based on the fund&#39;s current plans and expectations, are not guarantees of future results or performance, and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. All forward-looking statements are as of the date of this release only; the funds undertake no obligation to update or review any forward-looking statements. You are urged to carefully consider all such factors.


About the MFS High Income Municipal Trust


CXE is a closed-end investment company product advised by MFS Investment Management. Closed-end funds, unlike open-end funds, are not continuously offered. There is a one-time public offering and once issued, common shares of CXE are bought and sold in the open market through a stock exchange. Shares may trade at a discount to the net asset value per share. Shares of CXE are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank. Shares of CXE involve investment risk, including possible loss of principal.


About MFS Investment Management


In 1924, MFS launched the first US open-end mutual fund, opening the door to the markets for millions of everyday investors. Today, as a full-service global investment manager serving financial advisors, intermediaries and institutional clients, MFS still serves a single purpose: to create long term value for clients by allocating capital responsibly. That takes our powerful investment approach combining collective expertise, thoughtful risk management and long-term discipline. Supported by our culture of shared values and collaboration, our teams of diverse thinkers actively debate ideas and assess material risks to uncover what we believe are the best investment opportunities in the market. As of March 31, 2026, MFS had approximately US$622.2 billion in assets under management.


MFS Investment Management
 111 Huntington Ave., Boston, MA 02199


68013.1

<img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260407742041r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img>View source version on businesswire.com: <a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260407742041/en/" rel="nofollow">https://www.businesswire.com/news/home/20260407742041/en/</a>
Media Contact: <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:dflaherty@mfs.com" shape="rect">Dan Flaherty</a>, +1 617.954.4256 
 For Shareholders/Advisors: <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:BMASTRULLO@MFS.COM" shape="rect">Brian Mastrullo</a>, +1 617.954.7940

MFS High Income Municipal Trust Announces Adjournment of Special Shareholder Meeting

CXE Shareholder Meeting Adjourned, Vote on Reorganization Proposal Extended

<section class="insight" data-version="1">
 <section data-block="information">
 <h3>Information</h3>
 MFS Investment Management (&amp;#34;MFS&amp;#34;) announced today an adjournment of the special meeting of shareholders of MFS High Income Municipal Trust (NYSE:CXE) held on April 7, 2026 (the &amp;#34;Meeting&amp;#34;).


The Meeting is adjourned to
 </section>

 <section data-block="ai-summary-paragraph">
 <h3>AI Summary</h3>
 MFS Investment Management announced the adjournment of CXE&#039;s shareholder meeting to April 8, 2026, aimed at soliciting more votes on a reorganization plan with MFS Municipal Income Trust. The board believes the merger will benefit shareholders, particularly with the new investment adviser, Aberdeen, coming in post-reorganization.
 </section>

 <section data-block="ai-summary-bullets">
 <h3>Key Points</h3>
 <ul><li>MFS has adjourned CXE&#039;s shareholder meeting to April 8, 2026.</li><li>Adjournment allows more time for shareholder voting on a reorganization plan.</li><li>The reorganization involves merging with MFS Municipal Income Trust (MFM).</li><li>CXE&#039;s board supports the reorganization, stating it&#039;s in shareholders&#039; best interests.</li><li>A new investment adviser, Aberdeen, will manage the Surviving Fund after the merger.</li></ul>
 </section>

 <section data-block="companies-mentioned">
 <h3>Companies Mentioned</h3>
 <ul><li>MFS Municipal Income Trust (MFM): Proposed merger with CXE could alter investment strategies for both funds.</li><li>Aberdeen Investments (NA): New adviser for the Surviving Fund, expected to enhance performance post-merger.</li></ul>
 </section>

 <section data-block="category">
 <h3>Corporate Developments</h3>
 This is categorized as Corporate Developments, as the article discusses significant changes in corporate structure and management for CXE. These changes are likely to influence market perception and the future direction of the fund.
 </section>

 <section data-block="market-moving">
 <h3>Market-Moving</h3>
 <ul><li>Approval of the reorganization may positively impact CXE&#039;s share price.</li><li>Shareholder rejection could lead to a decline in investor confidence for CXE.</li><li>The addition of Aberdeen as an adviser may improve CXE&#039;s investment strategy.</li><li>Change in board trustees may affect governance and operational direction.</li></ul>
 </section>

 <section data-block="key-facts">
 <h3>Key Facts</h3>
 <ul><li>Shareholders were originally scheduled to meet on April 7, 2026.</li><li>Reorganization plan was unanimously approved by CXE&#039;s Board on December 10, 2025.</li><li>Shareholders received a prospectus in February 2026 concerning the reorganization.</li><li>New investment adviser Aberdeen is associated with greater management expertise.</li><li>Five new trustees will be elected to oversee the Surviving Fund after reorganization.</li></ul>
 </section>

 <section data-block="trading-thesis">
 <h3>Trading Thesis</h3>
 Investor sentiment towards CXE may fluctuate based on shareholder voting outcomes.
 </section>
</section>



MFS Investment Management ("MFS") announced today an adjournment of the special meeting of shareholders of MFS High Income Municipal Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/CXE">CXE</a>) held on April 7, 2026 (the "Meeting").


The Meeting is adjourned to April 8, 2026, at 11:00 a.m. Eastern Time.


The Meeting was adjourned to allow for the solicitation of additional shareholder votes relating to a proposal that shareholders of CXE approve an Agreement and Plan of Reorganization between CXE and the MFS Municipal Income Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/MFM">MFM</a>) (the "Surviving Fund") (the "Reorganization").


The Reorganization


On December 10, 2025, the Board of Trustees (the "Board") of CXE unanimously approved the Reorganization. Shareholders of CXE as of December 11, 2025, were mailed a prospectus/proxy statement in early February 2026, providing additional information about the Reorganization and the factors considered by CXE's Board in approving the Reorganization. CXE's Board determined that the Reorganization is in the best interests of CXE's shareholders and recommends shareholders vote in favor of the Reorganization.


Appointment of Aberdeen as Investment Adviser, the Election of Five New Trustees, and Issuance of Additional Common Shares of the Surviving Fund


On December 10, 2025, the Board of the Surviving Fund unanimously approved (i) a new investment management agreement with Aberdeen, the US Subsidiary of Aberdeen Investments, to serve as the investment adviser to the Surviving Fund following the consummation of the Reorganizations, (ii) the nomination of five new trustees to serve as the Surviving Fund's board of trustees following the consummation of the Reorganizations, and (iii) the issuance of additional common shares of the Surviving Fund to accommodate the Reorganizations. Shareholders of the Surviving Fund as of December 11, 2025, were mailed a proxy statement in early February 2026, providing additional information and soliciting a vote in favor of each proposal, all of which were recommended by the Surviving Fund's Board. On April 2, 2026, shareholders of the Surviving Fund approved each of the above discussed proposals.


Cautionary Statement Regarding Forward-Looking Statements


This press release may contain statements regarding plans and expectations for the future that constitute forward-looking statements within The Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking and can be identified by the use of words such as &#34;may,&#34; &#34;will,&#34; &#34;expect,&#34; &#34;anticipate,&#34; &#34;estimate,&#34; &#34;believe,&#34; &#34;continue,&#34; or other similar words. Such forward-looking statements are based on the fund&#39;s current plans and expectations, are not guarantees of future results or performance, and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. All forward-looking statements are as of the date of this release only; the funds undertake no obligation to update or review any forward-looking statements. You are urged to carefully consider all such factors.


About the MFS High Income Municipal Trust


CXE is a closed-end investment company product advised by MFS Investment Management. Closed-end funds, unlike open-end funds, are not continuously offered. There is a one-time public offering and once issued, common shares of CXE are bought and sold in the open market through a stock exchange. Shares may trade at a discount to the net asset value per share. Shares of CXE are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank. Shares of CXE involve investment risk, including possible loss of principal.


About MFS Investment Management


In 1924, MFS launched the first US open-end mutual fund, opening the door to the markets for millions of everyday investors. Today, as a full-service global investment manager serving financial advisors, intermediaries and institutional clients, MFS still serves a single purpose: to create long term value for clients by allocating capital responsibly. That takes our powerful investment approach combining collective expertise, thoughtful risk management and long-term discipline. Supported by our culture of shared values and collaboration, our teams of diverse thinkers actively debate ideas and assess material risks to uncover what we believe are the best investment opportunities in the market. As of March 31, 2026, MFS had approximately US$622.2 billion in assets under management.


MFS Investment Management
 111 Huntington Ave., Boston, MA 02199


68013.1

<img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260407742041r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img>View source version on businesswire.com: <a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260407742041/en/" rel="nofollow">https://www.businesswire.com/news/home/20260407742041/en/</a>
Media Contact: <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:dflaherty@mfs.com" shape="rect">Dan Flaherty</a>, +1 617.954.4256 
 For Shareholders/Advisors: <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:BMASTRULLO@MFS.COM" shape="rect">Brian Mastrullo</a>, +1 617.954.7940

MFS Investment Management announced the adjournment of CXE's shareholder meeting to April 8, 2026, aimed at soliciting more votes on a reorganization plan with MFS Municipal Income Trust. The board believes the merger will benefit shareholders, particularly with the new investment adviser, Aberdeen, coming in post-reorganization.

MFS High Income Municipal Trust Announces Adjournment of Special Shareholder Meeting

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

Related News