MFS Investment Grade Municipal Trust (NYSE: CXH) announced preliminary results showing its tender offer for approximately 50% of outstanding shares was oversubscribed. The fund received tenders for about 4.72 million shares against its target of 4.1 million shares.

The tender offer expired on May 12, 2026, at 5:00 P.M. Eastern Time. Based on preliminary information, the proration for tendering shareholders is estimated at approximately 86.85% of shares properly tendered and not withdrawn.

The purchase price for accepted shares is set at 99% of the fund's net asset value per share, calculated as of the close of regular trading on the New York Stock Exchange on May 12, 2026, equal to $8.54 per share.

The fund expects to announce the actual number of shares to be purchased on or about May 18, 2026, with payment scheduled for the same date. The preliminary figures are subject to adjustment and should not be considered final.

Georgeson LLC serves as the information agent for the tender offer, while Computershare Trust Company, N.A. acts as the depositary agent. The fund is a closed-end investment company advised by MFS Investment Management.