MFS High Income Municipal Trus (CXE)

About

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. The Fund also invests in high-yield securities rated below investment grade. The Fund's portfolio of investments includes municipal bonds and auction rate preferred shares (ARPS), among others. The Fund's 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.