Form 4: JPMorgan Chase Bank, N.A. Disposes of Remarketable Variable Rate MuniFund Term Preferred Shares in MFS High Income Municipal Trust

JPMorgan Chase Bank, N.A. reports the disposition of 21 Remarketable Variable Rate MuniFund Term Preferred Shares in MFS High Income Municipal Trust due to a redemption by the issuer.

Summary

• On August 30, 2024, JPMorgan Chase Bank, N.A. disposed of 21 Remarketable Variable Rate MuniFund Term Preferred Shares (RVMTP Shares) in MFS High Income Municipal Trust (CXE).
• The shares, Series 2051, were redeemed by the issuer.
• The redemption price was $100,368.7157 per share, including a liquidation preference of $100,000.00 and accrued dividends of $368.7157.
• Following the transaction, JPMorgan Chase Bank, N.A. directly owns 692 RVMTP Shares.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders (like JPMorgan Chase Bank, N.A. with a potential 10% ownership stake) transact in their company's stock. This filing indicates a change in JPMorgan Chase Bank, N.A.'s holdings in MFS High Income Municipal Trust.

Stakeholder Impact

• The redemption may have a minor impact on the fund's capital structure and potentially affect the yield for remaining preferred shareholders.

Key Dates