-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UzO621t0Hfgs29Xxw00KnNh3Nvf2jrEOnNT93QhukW4bVA513EN3x645rqtLVCUH /7iktNzHiyw3od87h+wVjA== 0001193125-07-272743.txt : 20071228 0001193125-07-272743.hdr.sgml : 20071228 20071228125507 ACCESSION NUMBER: 0001193125-07-272743 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20071221 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20071228 DATE AS OF CHANGE: 20071228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MFS HIGH INCOME MUNICIPAL TRUST CENTRAL INDEX KEY: 0000845606 IRS NUMBER: 043039022 FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 811-05754 FILM NUMBER: 071331158 BUSINESS ADDRESS: STREET 1: 500 BOYLSTON ST CITY: BOSTON STATE: MA ZIP: 02116 BUSINESS PHONE: 6179545000 MAIL ADDRESS: STREET 1: 500 BOYLSTON STREET STREET 2: 20TH FL LEGAL DEPT CITY: BOSTON STATE: MA ZIP: 02116 FORMER COMPANY: FORMER CONFORMED NAME: COLONIAL HIGH INCOME MUNICIPAL TRUST DATE OF NAME CHANGE: 19920703 8-K 1 d8k.htm FORM 8-K Form 8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 


FORM 8-K

 


CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 21, 2007

 


MFS High Income Municipal Trust

(Exact Name of Registrant as Specified in Charter)

 


 

Massachusetts   811-5754   04-3039022

(State or Other Jurisdiction

of Incorporation)

  (Commission File Number)  

(IRS Employer

Identification No.)

 

500 Boylston Street, Boston, Massachusetts   02116
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (617) 954-5000

Colonial High Income Municipal Trust

One Financial Center, Boston, MA 02111

(Former Name or Former Address, if Changed Since Last Report)

 


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 1 4a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 



Item 8.01. Other Events

On December 21, 2007, MFS High Income Municipal Trust (the “Trust”) issued a press release announcing that its Board of Trustees has approved changes to the investment objective and policies of the Trust. The full text of the press release issued in connection with the announcement is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information in this Form 8-K (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

 

Item 9.01. Financial Statements and Exhibits

 

  (d) Exhibits

The following exhibit relating to Item 8.01 shall be deemed to be furnished, and not filed:

 

99.1

   Press release issued by the Registrant on December 21, 2007


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    MFS HIGH INCOME MUNICIPAL TRUST
Date: December 28, 2007   By:  

/s/ Susan S. Newton

    Susan S. Newton
    Assistant Secretary


EXHIBIT INDEX

 

Exhibit No.

  

Description

99.1

   Press release issued by the Registrant on December 21, 2007
EX-99.1 2 dex991.htm PRESS RELEASE Press Release

Exhibit 99.1

MFS High Income Municipal Trust Announces Revisions to Investment Objective and Strategies

BOSTON (December 21, 2007) – The Board of Trustees of MFS High Income Municipal Trust* (NYSE: CXE) has approved changes to the investment objective and policies of the fund. Effective December 21, 2007, CXE’s current investment objective of seeking to “provide high current income generally exempt from federal income tax with a secondary objective to seek total return” will be revised to provide that CXE will seek “high current income exempt from federal income tax but may also consider capital appreciation.” CXE’s principal investment strategies are described below.

Significant items to note in connection with the changes include:

 

   

CXE will continue to invest, under normal market conditions, at least 80% of its net assets in tax-exempt bonds and tax-exempt notes.

 

   

Percentage limitations on certain types of investments have been eliminated to allow the portfolio manager more flexibility to invest in appropriate securities.

 

   

The fund may invest up to 100% of its assets in lower quality debt instruments.

 

   

Certain limitations on the fund’s ability to invest in derivatives have been removed.

CXE’s principal investment strategies, as revised effective December 21, 2007, are described below:

Principal Investment Strategies

The fund invests, under normal market conditions, at least 80% of its net assets in tax-exempt bonds and tax-exempt notes. This policy may not be changed without shareholder approval. Tax-exempt bond and tax-exempt notes are municipal instruments, the interest of which is exempt from federal income tax. Interest from the fund’s investments may be subject to the federal alternative minimum tax.

MFS may invest 25% or more of the fund’s total assets in municipal instruments that finance similar projects, such as those relating to education, healthcare, housing, utilities, water, or sewers.

MFS may invest up to 100% of the fund’s assets in lower quality debt instruments, including those that are in default.

MFS may use derivatives for different purposes, including to earn income and enhance returns, to increase or decrease exposure to a particular market, to manage or adjust the risk profile of the fund, or as alternatives to direct investments.

MFS uses a bottom-up investment approach in buying and selling investments for the fund. Investments are selected primarily based on fundamental analysis of instruments and their issuers in light of current market, economic, political, and regulatory conditions. Factors considered may include the instrument’s credit quality, collateral characteristics, and indenture provisions, and the issuer’s management ability, capital structure, leverage, and ability to meet its current obligations. Quantitative analysis of the structure of the instrument and its features may also be considered.


MFS High Income Municipal Trust is advised by MFS Investment Management. MFS manages $204 billion in assets on behalf of more than 5 million individual and institutional investors worldwide as of September 30, 2007. The company traces its origins to 1924 and the creation of America’s first mutual fund.

###

 


* Formerly Colonial High Income Municipal Trust

This announcement is not a prospectus, circular or representation intended for use in the purchase or sale of Trust shares. Shares of the Trust are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank. Shares of the Trust involve investment risk, including possible loss of principal. For more complete information about the Trust, including risks, charges, and expenses, please see the Trust’s annual and semi annual shareholder report or contact your financial adviser.

The Trust is a closed-end investment product. Shares of the Trust are only available for purchase/sale on the NYSE at the current market price. Shares may trade at a discount to NAV.

MFS Fund Distributors, Inc.

500 Boylston St., Boston, MA 02109

12871.1

 

Contacts:

Computershare Shareholders Services:

Shareholders (account information, quotes): 800-637-2304

 

MFS Investment Management:

Shareholders or Advisors (investment product information):

Jed Koenigsberg, 617-954-5697

Media Only:

John Reilly, 617-954-5305, or Dan Flaherty, 617-954-4256

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