Dividend Flows: Oct 31, 2016 will mean $0.04 dividends for Colonial Investment Grade Municipal Trust (NYSE:CXH) shareholders.

Dividend Flows: Oct 31, 2016 will mean $0.04 dividends for Colonial Investment Grade Municipal Trust (NYSE:CXH) shareholders.

Colonial Investment Grade Municipal Trust (NYSE:CXH) is expected to pay $0.04 on Oct 31, 2016. The indicated annual dividend is $0.49. Shareholders owning the stock before Oct 18, 2016 will be eligible to receive the payout. Based on Colonial Investment Grade Municipal Trust’s current price of $9.99, the dividend is 0.40%. This dividend’s record date is Oct 20, 2016 and the announcement date is Oct 4, 2016. The stock decreased 0.70% or $0.07 on October 14, hitting $9.99. MFS Investment Grade Municipal Trust (NYSE:CXH) has declined 0.99% since March 14, 2016 and is downtrending. It has underperformed by 6.60% the S&P500.

MFS Investment Grade Municipal Trust is a diversified closed-end management investment company. The company has a market cap of $114.95 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 borrowing for investment purposes, in tax-exempt bonds and tax-exempt notes.

Insitutional Activity: The institutional sentiment increased to 1.75 in 2016 Q2. Its up 0.50, from 1.25 in 2016Q1. The ratio improved, as 3 funds sold all MFS Investment Grade Municipal Trust shares owned while 5 reduced positions. 5 funds bought stakes while 9 increased positions. They now own 3.44 million shares or 4.17% more from 3.30 million shares in 2016Q1.
Lpl Finance Llc holds 0% or 54,283 shares in its portfolio. The Minnesota-based Sit Associate Inc has invested 0.02% in MFS Investment Grade Municipal Trust (NYSE:CXH). National Bank Of New York Mellon has 0% invested in the company for 13,328 shares. Greenwich Wealth Mgmt Limited Liability Com reported 51,540 shares or 0.13% of all its holdings. Pnc Finance Svcs Grp holds 0% or 136,900 shares in its portfolio. Advisors Asset, a Colorado-based fund reported 511,643 shares. Raymond James Associates holds 14,940 shares or 0% of its portfolio. Ftb Advisors has 0.01% invested in the company for 5,212 shares. Morgan Stanley has invested 0% of its portfolio in MFS Investment Grade Municipal Trust (NYSE:CXH). Wolverine Asset Mngmt Ltd Liability Corp holds 0% of its portfolio in MFS Investment Grade Municipal Trust (NYSE:CXH) for 15,618 shares. The Ontario – Canada-based Royal Savings Bank Of Canada has invested 0% in MFS Investment Grade Municipal Trust (NYSE:CXH). Thomas J Herzfeld Inc reported 20,921 shares or 0.12% of all its holdings. State Bank Of America Corporation De last reported 0% of its portfolio in the stock. Wells Fargo And Mn owns 12,531 shares or 0% of their US portfolio. Essex Fin Services Incorporated has invested 0.03% of its portfolio in MFS Investment Grade Municipal Trust (NYSE:CXH).

More notable recent MFS Investment Grade Municipal Trust (NYSE:CXH) news were published by: Businesswire.com which released: “Fitch Rates VMTP Shares Issued by 5 MFS Municipal Closed-End Funds ‘AAA'” on March 24, 2016, also Businesswire.com with their article: “MFS Announces Closed-End Fund Distributions” published on September 01, 2016, Marketwatch.com published: “MFS High Income Municipal Trust” on December 22, 2009. More interesting news about MFS Investment Grade Municipal Trust (NYSE:CXH) 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 Forbes.com‘s news article titled: “Secure Funds With Tax-Equivalent Yields Of 10% Or Higher” with publication date: June 17, 2016.

CXH Company Profile

MFS Investment Grade Municipal Trust (the Trust), is a closed-end fund investing primarily in tax-exempt bonds and tax-exempt notes. The fund’s investment objective is to seek high current income exempt from federal income tax, but may also consider capital appreciation. The Fund invests, at least 80% of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in investment grade debt instruments.

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