Form 4: JPMorgan Chase Bank, N.A. Reduces Stake in MFS Investment Grade Municipal Trust

JPMorgan Chase Bank, N.A. reports the disposal of 56 Remarketable Variable Rate MuniFund Term Preferred Shares in MFS Investment Grade Municipal Trust due to a redemption by the issuer.

Summary

• On August 2, 2024, JPMorgan Chase Bank, N.A. disposed of 56 Remarketable Variable Rate MuniFund Term Preferred Shares (RVMTP Shares) of MFS Investment Grade Municipal Trust.
• The disposal was a result of a redemption by the Issuer.
• The redemption price was $100,012.8689 per share, including a liquidation preference of $100,000.00 and accrued dividends of $12.8689.
• Following the transaction, JPMorgan Chase Bank, N.A. holds 382 RVMTP Shares.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing indicating a change in ownership. 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 of a publicly traded company change their beneficial ownership. This filing indicates a change in JPMorgan Chase Bank, N.A.'s holdings in MFS Investment Grade Municipal Trust.

Stakeholder Impact

• The redemption may have a minor impact on shareholders of MFS Investment Grade Municipal Trust, depending on the overall financial health and strategy of the fund.

Key Dates