BOSTON--(BUSINESS WIRE)--MFS Investment Grade Municipal Trust (NYSE: CXH) today commenced a cash tender offer for the Fund's common shares. The Fund is offering to purchase up to 7.5 percent of the Fund's outstanding common shares (the “shares”) at a price per share equal to 98 percent of the Fund's net asset value (NAV) per share calculated as of the close of regular trading on the New York Stock Exchange on the date the offer expires. The tender offer will expire at 5:00 P.M., Eastern Daylight Time on May 2, 2018, unless extended. The pricing date will also be May 2, 2018, unless the tender offer is extended. If the number of shares tendered exceeds the maximum amount of the offer, the Fund will purchase shares from tendering shareholders on a pro-rata basis.

About the Fund

The fund is a closed-end investment company product advised by MFS Investment Management. Except pursuant to a tender offer, common shares of the fund are only available for purchase/sale on the NYSE at the current market price. Shares may trade at a discount to NAV. Shares of the fund are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank. Shares of the fund involve investment risk, including possible loss of principal.

About MFS Investment Management

Established in 1924, MFS is an active, global equity and fixed income investment manager with investment offices in Boston, Hong Kong, London, Mexico City, São Paulo, Singapore, Sydney, Tokyo and Toronto. We employ a uniquely collaborative approach to build better insights for our clients. Our investment approach has three core elements: integrated research, global collaboration and active risk management. As of February 28, 2018, MFS manages US$489.7 billion in assets on behalf of individual and institutional investors worldwide. Please visit mfs.com for more information.