Dividend Flows: Oct 31, 2016 will mean $0.02 dividends for Colonial High Income Municipal Trust (NYSE:CXE) shareholders.

Dividend Flows: Oct 31, 2016 will mean $0.02 dividends for Colonial High Income Municipal Trust (NYSE:CXE) shareholders.

Colonial High Income Municipal Trust (NYSE:CXE) is expected to pay $0.02 on Oct 31, 2016. The indicated annual dividend is $0.30. Shareholders owning the stock before Oct 18, 2016 will be eligible to receive the payout. Based on Colonial High Income Municipal Trust’s current price of $5.16, the dividend is 0.47%. This dividend’s record date is Oct 20, 2016 and the announcement date is Oct 4, 2016. About 8,384 shares traded hands. MFS High Income Municipal Trust (NYSE:CXE) has declined 0.19% since March 14, 2016 and is downtrending. It has underperformed by 5.81% the S&P500.

MFS High Income Municipal Trust is a diversified closed-end management investment company. The company has a market cap of $159.45 million. The Fund’s investment objective is to seek high current income exempt from federal income tax, but may also consider capital appreciation. It currently has negative earnings. The Fund invests, under normal market conditions, approximately 80% of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in tax-exempt bonds and tax exempt notes.

Insitutional Activity: The institutional sentiment decreased to 0.67 in 2016 Q2. Its down 0.78, from 1.45 in 2016Q1. The ratio fall, as 6 funds sold all MFS High Income Municipal Trust shares owned while 9 reduced positions. 3 funds bought stakes while 7 increased positions. They now own 2.57 million shares or 15.89% more from 2.22 million shares in 2016Q1.
Wells Fargo And Mn accumulated 12,487 shares or 0% of the stock. Lpl Financial Ltd Liability has invested 0% of its portfolio in MFS High Income Municipal Trust (NYSE:CXE). Royal Comml Bank Of Canada owns 5,916 shares or 0% of their US portfolio. Atlantic Trust Grp Incorporated Llc holds 0% of its portfolio in MFS High Income Municipal Trust (NYSE:CXE) for 40,500 shares. Fifth Third Savings Bank, a Ohio-based fund reported 581 shares. Patten Gru Incorporated has 0% invested in the company for 3 shares. Robinson Capital Mngmt Ltd Com, a Michigan-based fund reported 430,741 shares. Moreover, Commonwealth Equity Svcs has 0% invested in MFS High Income Municipal Trust (NYSE:CXE) for 13,114 shares. Moreover, Raymond James Fin Advsrs has 0% invested in MFS High Income Municipal Trust (NYSE:CXE) for 72,225 shares. Raymond James And has invested 0% of its portfolio in MFS High Income Municipal Trust (NYSE:CXE). Horizon Kinetics Ltd Com accumulated 0% or 16,762 shares. Raymond James Tru Na has 0.01% invested in the company for 15,715 shares. Thomas J Herzfeld, a Florida-based fund reported 27,088 shares. Moreover, Kcg Holdings has 0% invested in MFS High Income Municipal Trust (NYSE:CXE) for 12,493 shares. Asset Mgmt Inc last reported 0.06% of its portfolio in the stock.

More notable recent MFS High Income Municipal Trust (NYSE:CXE) news were published by: Marketwatch.com which released: “MFS High Income Municipal Trust” on December 22, 2009, also Businesswire.com with their article: “Fitch Rates VMTP Shares Issued by 5 MFS Municipal Closed-End Funds ‘AAA'” published on March 24, 2016, Marketwatch.com published: “MFS Municipal Income Trust” on February 19, 2011. More interesting news about MFS High Income Municipal Trust (NYSE:CXE) were released by: Seekingalpha.com and their article: “Tax-Free Income From Municipal-Bond CEFs: A Closer Look” published on August 26, 2015 as well as Thestreet.com‘s news article titled: “Four Closed-End Funds to Feel Good About Even if Rates Rise” with publication date: October 10, 2016.

CXE Company Profile

MFS High Income Municipal Trust (the Trust), formerly Colonial High Income Municipal Trust, is a diversified closed-end management investment company. The Trust seeks to provide high current income generally exempt from federal income taxes. MFS High Income Municipal Trust’s secondary objective is to seek total return. The Trust’s portfolio includes municipal bonds, municipal preferred stocks and short-term obligations.

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