JPMorgan Chase Bank, N.A. 4
4 · MFS HIGH YIELD MUNICIPAL TRUST · Filed Jun 9, 2026
Research Summary
AI-generated summary of this filing
MFS High Yield (CMU) 10% Owner JPMorgan Disposes 330 Shares
What Happened
JPMorgan Chase Bank, N.A. (reported as a 10% owner) reported a disposition of 330 remarketable variable rate munifund term preferred (RVMTP) shares of MFS High Yield Municipal Trust (CMU). The transaction was reported on Form 4 for activity dated 2026-06-08 and filed 2026-06-09. No cash price is reported — the shares were exchanged in a cashless reorganization into MFS Municipal Income Trust (MFM), so this is not an open-market sale.
Key Details
- Transaction date: 2026-06-08; Form 4 filed: 2026-06-09 (timely).
- Transaction code: J (other acquisition/disposition).
- Shares disposed: 330 RVMTP shares; price: N/A (cashless exchange).
- Shares owned after transaction: not specified in the filing.
- Footnote: The 330 RVMTP shares indirectly beneficially owned by JPMCB were exchanged for an equal number of RVMTP shares of MFM in a cashless transaction (reorganization).
- Note: JPMorgan is a 10% institutional holder — this is institutional reorganization activity, not an executive trade.
Context
This was a corporate reorganization exchange rather than a sale for cash, so it should not be interpreted as a signal of buying or selling pressure by the institution. Transaction code J and the N/A price reflect a non‑cash exchange of shares into the successor trust (MFM).
Insider Transaction Report
- Other
Remarketable Variable Rate MuniFund Term Preferred Shares
[F1]2026-06-08−330→ 0 total(indirect: By Trust)
Footnotes (1)
- [F1]In connection with the reorganization of the Issuer into MFS MUNICIPAL INCOME TRUST ("MFM"), 330 remarketable variable rate munifund term preferred shares (the "RVMTP Shares") of the Issuer indirectly beneficially owned by JPMorgan Chase Bank, National Association ("JPMCB") were exchanged for an equal number of RVMTP Shares of MFM in a cashless transaction. The 330 RVMTP shares reported as disposed of in Table I represent shares that were indirectly beneficially owned by JPMCB.