On January 20, 2026, Bulldog Investors, LLP, partnered with Phillip Goldstein and Andrew Dakos, completed the sale of 678 common stock shares in the MFS High Yield Municipal Trust (NYSE: CMU). The shares were transacted at $3.5 per share, amounting to a total of $2,373.
Currently, CMU stock is priced at approximately $3.53, hovering near its 52-week high of $3.63. The fund boasts a market capitalization in the region of $90 million. Notably, the trust has an established record of consistent dividend payments extending for 40 consecutive years.
Following this transaction, Phillip Goldstein retains direct ownership of 24,878 shares in the MFS High Yield Municipal Trust. The fund features a dividend yield of 5.62%, alongside a moderate price volatility characterized by a five-year beta of 0.74. However, it trades at a relatively elevated price-to-earnings ratio of 57.03, implying investor expectations for future growth or income stability.
In disclosures, Bulldog Investors, LLP and Andrew Dakos indicate they do not hold a beneficial interest in the shares beyond any pecuniary interest. Both Dakos and Goldstein serve as partners within Bulldog Investors, LLP.
Additional financial and valuation insights related to CMU offer broader context, potentially aiding investors in interpreting this sale. These include considerations of the fund’s dividend reliability, price behavior, and premium relative to earnings.