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MFS High Income Municipal Trust Stock: price and insider trades · United States
MFS High Income Municipal Trust: what insiders have been doing
We have very little insider data for MFS High Income Municipal Trust so far: the most recent filing dates from 13 September 2024. With so few records, no pattern can be drawn yet. Every figure here comes from the filings published by SEC (Form 4) and describes the past, not future prices; it is not investment advice.
Insider Decl.
8
Thresholds
n/a
Buy Volume
n/a
n/a
Sell Volume
n/a
1 ops. · all time
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Financial data
as of FY 2025FY ended November 2025 · cache
US$3.65
Analyst consensus
Income statement
Revenue-US$3.6k
Net incomeUS$75.7k0.7% margin
Valuation
PER (trailing)365.0x
P/Book0.9x
Beta0.76
Balance sheet & cash
Market capUS$115.1M
Free Cash FlowUS$6.4M
Debt / Equity53%
Profitability & ownership
ROE0.1%
ROA2.6%
% institutions44.4%
Last declaration on 13 September 2024
Declarations8 total
692 sharesRemarketable Variable Rate MuniFund Term Preferred SharesSEC:0000950170-24-106514:1
692 sharesRemarketable Variable Rate MuniFund Term Preferred SharesSEC:0000950170-24-106514:0
21 sharesRemarketable Variable Rate MuniFund Term Preferred SharesSEC:0000950170-24-102780:0
102 sharesRemarketable Variable Rate MuniFund Term Preferred SharesSEC:0000950170-24-091540:0
50 sharesRemarketable Variable Rate MuniFund Term Preferred SharesSEC:0000950170-23-060165:0
110 sharesRemarketable Variable Rate MuniFund Term Preferred Shares, SSEC:0000899243-22-037187:0
3,900 shares@ US$6.410348.7% of flowVariable Rate Municipal Term Preferred Shares, Series 2019/3SEC:0001209191-21-047680:0
3,675 shares@ US$6.80270.0% of flowVariable Rate Municipal Term Preferred Shares Series 2016/9SEC:0001209191-16-113494:0
8 of 8 declarations
About MFS High Income Municipal Trust
MFS High Income Municipal Trust (ticker: CXE) is a US-listed closed-end municipal bond fund traded on the NYSE in the United States. The fund is advised by MFS Investment Management, a Boston-based asset manager with a long operating history dating back to 1924, when MFS launched the first US open-end mutual fund. CXE itself began operations on February 17, 1989, and is part of MFS’s broader closed-end municipal fund franchise. For investors, the core proposition is straightforward: CXE seeks high current income exempt from federal income tax, while also allowing for potential capital appreciation.
In terms of business line, CXE is not an operating company but an investment vehicle. Its strategy focuses primarily on municipal bonds, and the fund may invest across the credit spectrum, including investment-grade and below-investment-grade municipal securities. That flexibility is designed to support a higher level of tax-exempt income, although it also introduces greater credit risk than a more conservative municipal fund. As a closed-end fund, CXE’s shares trade on the open market at prevailing prices rather than being continuously created and redeemed at net asset value. As a result, the shares can trade at a premium or a discount to NAV, which is a key feature for investors to monitor.
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MFS positions CXE within a well-established fixed-income platform. The firm’s heritage in municipal and taxable bond investing is part of its competitive identity, and the closed-end structure allows it to package a specialized income strategy into a listed security accessible on the NYSE. MFS is headquartered in Boston, Massachusetts, and the fund’s economic footprint is overwhelmingly domestic, with exposure centered on US municipal issuers. That means CXE’s geographic presence is effectively the United States, even though its investor base may include international holders via brokerage access.
From a competitive standpoint, CXE competes against other US municipal closed-end funds and ETFs for income-oriented capital. Its differentiation lies in MFS’s long credit research platform, active portfolio management, and the tax-exempt income focus. Because it is a closed-end fund, performance drivers are not limited to portfolio returns alone; the market price relative to NAV can materially affect shareholder outcomes.
A major recent development occurred in April 2026, when MFS announced an adjournment of the special shareholder meeting for CXE to continue soliciting votes on a proposed reorganization with MFS Municipal Income Trust (NYSE: MFM). The board of CXE had unanimously approved the reorganization in December 2025, and the transaction was presented to shareholders in early 2026. This is an important event for investors because it could reshape the fund’s structure, governance, and future market positioning. In short, CXE remains a specialized tax-exempt income product on the NYSE, but it is also subject to strategic corporate actions that may alter its investment profile over time.
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