Form 4: JPMorgan Chase Reports CXH Share Exchange

JPMorgan Chase Bank, N.A. reported the exchange of 252 RVMTP shares of MFS Investment Grade Municipal Trust due to a fund reorganization.

Summary

• JPMorgan Chase Bank, N.A. disposed of 252 Remarketable Variable Rate MuniFund Term Preferred Shares (RVMTP) of MFS Investment Grade Municipal Trust (CXH).
• The transaction occurred on June 8, 2026, in connection with the reorganization of CXH into MFS Municipal Income Trust (MFM).
• The shares were exchanged for an equal number of RVMTP shares of MFM in a cashless transaction.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative event related to a fund reorganization with no impact on the underlying business operations.

Positives

• The transaction represents a routine corporate reorganization rather than a market-driven divestment.

Negatives

• The reporting entity no longer holds these specific shares in the issuer due to the fund merger.

Risks

• None identified; this is a standard administrative filing regarding a fund reorganization.

Future Outlook

No forward-looking guidance provided; the filing is a retrospective report of a completed transaction.

Industry Context

StockSavvy.ai notes that this filing reflects standard consolidation activity within the closed-end municipal fund sector, where funds are frequently reorganized to optimize scale and management efficiency.

Comparison to Industry Standards

• The transaction follows standard industry practices for fund mergers and reorganizations involving preferred share classes.

Stakeholder Impact

• Shareholders of the involved funds are affected by the reorganization into MFM, but this specific filing only documents the change in beneficial ownership for the reporting person.

Next Steps

• None; the transaction is complete.

Key Dates

Keywords

Form 4, MFS Investment Grade Municipal Trust, JPMorgan Chase, CXH, Fund Reorganization, RVMTP