
MFS Investment Grade Municipal Trust (the &#34;Fund&#34;) (NYSE:CXH) today commenced a cash tender offer for the Fund&#39;s common shares. The Fund is offering to purchase up to 50% of the Fund&#39;s outstanding common shares (the

<p xmlns="http://www.w3.org/1999/xhtml">
MFS Investment Grade Municipal Trust (the "Fund") (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/CXH">CXH</a>) today commenced a cash tender offer for the Fund's common shares. The Fund is offering to purchase up to 50% of the Fund's outstanding common shares (the "Shares") at a price per Share equal to 99% of the Fund's net asset value ("NAV") per Share calculated as of the close of regular trading on the New York Stock Exchange on the date the offer expires. The tender offer will expire at 5:00 P.M., Eastern Standard Time on May 12, 2026, unless extended. The pricing date will also be May 12, 2026, unless the tender offer is extended. If the number of shares tendered exceeds the maximum amount of the offer, the Fund will purchase shares from tendering shareholders on a pro-rata basis.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The tender offer is being made on the terms and subject to the conditions set forth in the Fund's tender offer statement on Schedule TO (including an offer to purchase, a related letter of transmittal and other offer documents) that have been filed with the U.S. Securities and Exchange Commission (the "SEC"). All of these documents contain important information about the tender offer. Shareholders of the Fund are urged to read them carefully before any decision is made with respect to the offer. Shareholders of the Fund can obtain a free copy of each of these documents at the SEC's website at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=54497578&amp;newsitemid=20260413653637&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=1&amp;md5=6b3b0d743c6cc019b6ef5abe91aa7f29" shape="rect">www.sec.gov</a> or from the Fund by calling Georgeson LLC, the Fund's information agent for the tender offer, at 1-877-811-7808. This press release is not a recommendation, an offer to purchase, or a solicitation of an offer to sell shares of the Fund and is not a prospectus, circular or representation intended for use in the purchase or sale of Fund shares.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="bwuline">About the Fund
<br xmlns="http://www.w3.org/1999/xhtml"></br></span></b>The Fund is a closed-end investment company product advised by MFS Investment Management. Closed end funds, unlike open end funds, are not continuously offered. Except pursuant to a Tender Offer, common shares of the Fund are only available for purchase/sale on the NYSE at the current market price. Shares may trade at a discount to NAV. Shares of the Fund are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank. Shares of the Fund involve investment risk, including possible loss of principal. For more complete information about the Fund, including risks, charges, and expenses, please see the Fund&#39;s annual and semi-annual shareholder reports or contact your financial adviser.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="bwuline">About MFS Investment Management
<br xmlns="http://www.w3.org/1999/xhtml"></br></span></b>In 1924, MFS launched the first U.S. 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 manages $622.2 billion in assets on behalf of individual and institutional investors worldwide. Please visit mfs.com for more information.

</p><p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc">
<b xmlns="http://www.w3.org/1999/xhtml">MFS Investment Management
<br xmlns="http://www.w3.org/1999/xhtml"></br></b><b xmlns="http://www.w3.org/1999/xhtml">111 Huntington Ave., Boston, MA 02199</b>

</p><p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr">
68065.1

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260413653637r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260413653637/en/" rel="nofollow">https://www.businesswire.com/news/home/20260413653637/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">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 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br><b xmlns="http://www.w3.org/1999/xhtml">For shareholders/advisors:</b> <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:BMASTRULLO@MFS.COM" shape="rect"><b xmlns="http://www.w3.org/1999/xhtml">Brian Mastrullo</b></a><b xmlns="http://www.w3.org/1999/xhtml">, +1 617.954.7940</b>

</p>

MFS Investment Grade Municipal Trust Commences Tender Offer

CXH Launches Tender Offer for 50% of Outstanding Shares

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>MFS Investment Grade Municipal Trust (the &amp;#34;Fund&amp;#34;) (NYSE:CXH) today commenced a cash tender offer for the Fund&amp;#39;s common shares. The Fund is offering to purchase up to 50% of the Fund&amp;#39;s outstanding common shares (the</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>MFS Investment Grade Municipal Trust (CXH) has launched a cash tender offer for up to 50% of its outstanding common shares at 99% of net asset value. This strategic move, set to expire on May 12, 2026, aims to enhance shareholder value and may influence share price dynamics leading up to the expiration date.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>CXH initiated a cash tender offer for common shares.</li><li>The offer is for up to 50% of outstanding shares.</li><li>Shares offered are at 99% of NAV, calculated at offer&#039;s expiry.</li><li>The tender expires on May 12, 2026, unless extended.</li><li>Shareholders will receive pro-rata purchases if offers exceed limits.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>MFS Investment Management (N/A)</strong>: Advises the Fund, impacting CXH&#039;s operational strategy.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This falls under &#039;Corporate Developments&#039; due to the strategic cash tender offer aimed at increasing shareholder returns while optimizing the capital structure of CXH.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>The tender offer could incentivize buying interest before May 2026.</li><li>Shareholder participation will directly impact CXH&#039;s share price.</li><li>Potential share price appreciation if tender offer is oversubscribed.</li><li>Market reactions may follow NAV dynamics closer to the offer&#039;s expiration.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Tender offer could buy back up to 50% of outstanding shares.</li><li>Purchase price set at 99% of NAV as of May 12, 2026.</li><li>Offer expires at 5:00 P.M. Eastern Time, May 12, 2026.</li><li>MFS manages $622.2 billion in assets as of March 31, 2026.</li><li>Tender documents filed with the SEC provide additional details.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Consider accumulating shares in CXH in anticipation of price adjustments from the tender offer.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
MFS Investment Grade Municipal Trust (the "Fund") (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/CXH">CXH</a>) today commenced a cash tender offer for the Fund's common shares. The Fund is offering to purchase up to 50% of the Fund's outstanding common shares (the "Shares") at a price per Share equal to 99% of the Fund's net asset value ("NAV") per Share calculated as of the close of regular trading on the New York Stock Exchange on the date the offer expires. The tender offer will expire at 5:00 P.M., Eastern Standard Time on May 12, 2026, unless extended. The pricing date will also be May 12, 2026, unless the tender offer is extended. If the number of shares tendered exceeds the maximum amount of the offer, the Fund will purchase shares from tendering shareholders on a pro-rata basis.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The tender offer is being made on the terms and subject to the conditions set forth in the Fund's tender offer statement on Schedule TO (including an offer to purchase, a related letter of transmittal and other offer documents) that have been filed with the U.S. Securities and Exchange Commission (the "SEC"). All of these documents contain important information about the tender offer. Shareholders of the Fund are urged to read them carefully before any decision is made with respect to the offer. Shareholders of the Fund can obtain a free copy of each of these documents at the SEC's website at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=54497578&amp;newsitemid=20260413653637&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=1&amp;md5=6b3b0d743c6cc019b6ef5abe91aa7f29" shape="rect">www.sec.gov</a> or from the Fund by calling Georgeson LLC, the Fund's information agent for the tender offer, at 1-877-811-7808. This press release is not a recommendation, an offer to purchase, or a solicitation of an offer to sell shares of the Fund and is not a prospectus, circular or representation intended for use in the purchase or sale of Fund shares.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="bwuline">About the Fund
<br xmlns="http://www.w3.org/1999/xhtml"></br></span></b>The Fund is a closed-end investment company product advised by MFS Investment Management. Closed end funds, unlike open end funds, are not continuously offered. Except pursuant to a Tender Offer, common shares of the Fund are only available for purchase/sale on the NYSE at the current market price. Shares may trade at a discount to NAV. Shares of the Fund are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank. Shares of the Fund involve investment risk, including possible loss of principal. For more complete information about the Fund, including risks, charges, and expenses, please see the Fund&#39;s annual and semi-annual shareholder reports or contact your financial adviser.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="bwuline">About MFS Investment Management
<br xmlns="http://www.w3.org/1999/xhtml"></br></span></b>In 1924, MFS launched the first U.S. 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 manages $622.2 billion in assets on behalf of individual and institutional investors worldwide. Please visit mfs.com for more information.

</p><p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc">
<b xmlns="http://www.w3.org/1999/xhtml">MFS Investment Management
<br xmlns="http://www.w3.org/1999/xhtml"></br></b><b xmlns="http://www.w3.org/1999/xhtml">111 Huntington Ave., Boston, MA 02199</b>

</p><p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr">
68065.1

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260413653637r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260413653637/en/" rel="nofollow">https://www.businesswire.com/news/home/20260413653637/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">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 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br><b xmlns="http://www.w3.org/1999/xhtml">For shareholders/advisors:</b> <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:BMASTRULLO@MFS.COM" shape="rect"><b xmlns="http://www.w3.org/1999/xhtml">Brian Mastrullo</b></a><b xmlns="http://www.w3.org/1999/xhtml">, +1 617.954.7940</b>

</p>

MFS Investment Grade Municipal Trust (CXH) has launched a cash tender offer for up to 50% of its outstanding common shares at 99% of net asset value. This strategic move, set to expire on May 12, 2026, aims to enhance shareholder value and may influence share price dynamics leading up to the expiration date.

MFS Investment Grade Municipal Trust Commences Tender Offer

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

Related News