Colonial High Income Municipal Trust (NYSE:CXE) is expected to pay $0.02 on Nov 30, 2016. The indicated annual dividend is $0.32. Shareholders owning the stock before Nov 15, 2016 will be eligible to receive the payout. Based on Colonial High Income Municipal Trust’s current price of $5.03, the dividend is 0.48%. This dividend’s record date is Nov 17, 2016 and the announcement date is Nov 2, 2016. The stock increased 0.20% or $0.01 on November 11, hitting $5.03. MFS High Income Municipal Trust (NYSE:CXE) has declined 6.51% since April 12, 2016 and is downtrending. It has underperformed by 11.49% the S&P500.
MFS High Income Municipal Trust is a diversified closed-end management investment company. The company has a market cap of $158.78 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 dropped, 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.
Creative Planning holds 0% of its portfolio in MFS High Income Municipal Trust (NYSE:CXE) for 16,095 shares. Bancorporation Of America De holds 0% of its portfolio in MFS High Income Municipal Trust (NYSE:CXE) for 171,980 shares. Magnetar Financial Limited Co, a Illinois-based fund reported 16,419 shares. Raymond James Tru Na holds 0.01% or 15,715 shares in its portfolio. Mackay Shields Limited Liability Com owns 462,916 shares or 0.13% of their US portfolio. Asset Inc has 0.06% invested in the company for 643,684 shares. Raymond James Financial Ser Advisors Inc accumulated 72,225 shares or 0% of the stock. Patten Group, a Tennessee-based fund reported 3 shares. Royal Retail Bank Of Canada accumulated 5,916 shares or 0% of the stock. Thomas J Herzfeld Advsr Incorporated has invested 0.08% of its portfolio in MFS High Income Municipal Trust (NYSE:CXE). Robinson Mngmt Llc accumulated 430,741 shares or 1.37% of the stock. Lpl Lc, a California-based fund reported 10,030 shares. Raymond James Assocs holds 0% of its portfolio in MFS High Income Municipal Trust (NYSE:CXE) for 210,778 shares. Stifel Financial accumulated 0% or 10,695 shares. The California-based Wells Fargo And Com Mn has invested 0% in MFS High Income Municipal Trust (NYSE:CXE).
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 Forbes.com‘s news article titled: “Secure Funds With Tax-Equivalent Yields Of 10% Or Higher” with publication date: June 17, 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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