Closed-end management investment company that invests primarily in tax-exempt municipal bonds.
MFS High Income Municipal Trust, managed by Massachusetts Financial Services Company, operates as a closed-end fixed income mutual fund focused on investments in the municipal bond market. Established on February 17, 1989, the fund seeks to generate income primarily through investments in municipal bonds and local general obligations across various sectors. These sectors include multifamily housing, hospitals, continuing care retirement communities, and investor-owned utilities.
The fund's strategy revolves around benchmarking its performance against the Barclays Municipal Bond Index, aiming to achieve competitive returns relative to this index. Formerly known as Colonial High Income Municipal Trust, MFS High Income Municipal Trust leverages the expertise and resources of Massachusetts Financial Services Company to manage its portfolio effectively and capitalize on opportunities within the fixed income markets.
Based in the United States, MFS High Income Municipal Trust serves investors seeking income generation through tax-exempt municipal bond investments. Its focus on municipal bonds reflects a commitment to stability and income potential, aligning with the preferences of investors looking for tax-efficient strategies and reliable fixed income returns in the municipal bond market.