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

JPMorgan Chase Bank, N.A. reports the disposition of 13 Remarketable Variable Rate MuniFund Term Preferred Shares in MFS High Yield Municipal Trust due to a redemption by the issuer.

Summary

• On August 30, 2024, JPMorgan Chase Bank, N.A. disposed of 13 Remarketable Variable Rate MuniFund Term Preferred Shares (RVMTP Shares) in MFS High Yield Municipal Trust (CMU).
• The shares were disposed of due to a redemption by the issuer.
• The redemption price was $100,368.7162 per share, which includes a liquidation preference of $100,000.00 per share and accrued dividends of $368.7162 per share.
• Following the transaction, JPMorgan Chase Bank, N.A. holds 510 shares.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing indicating a change in ownership due to a redemption. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders, providing transparency to the market.

Stakeholder Impact

• The redemption may slightly reduce the number of outstanding preferred shares, potentially affecting the yield for remaining shareholders.

Key Dates