0001193125-17-280638.txt : 20170908 0001193125-17-280638.hdr.sgml : 20170908 20170908162930 ACCESSION NUMBER: 0001193125-17-280638 CONFORMED SUBMISSION TYPE: SC TO-I/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20170908 DATE AS OF CHANGE: 20170908 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MFS INVESTMENT GRADE MUNICIPAL TRUST CENTRAL INDEX KEY: 0000847411 IRS NUMBER: 043046360 STATE OF INCORPORATION: MA FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: SC TO-I/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-84342 FILM NUMBER: 171076868 BUSINESS ADDRESS: STREET 1: 111 HUNTINGTON AVENUE STREET 2: 24TH FLOOR CITY: BOSTON STATE: MA ZIP: 02199 BUSINESS PHONE: 617-954-5000 MAIL ADDRESS: STREET 1: 111 HUNTINGTON AVENUE STREET 2: 24TH FLOOR CITY: BOSTON STATE: MA ZIP: 02199 FORMER COMPANY: FORMER CONFORMED NAME: COLONIAL INVESTMENT GRADE MUNICIPAL TRUST DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MFS INVESTMENT GRADE MUNICIPAL TRUST CENTRAL INDEX KEY: 0000847411 IRS NUMBER: 043046360 STATE OF INCORPORATION: MA FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: SC TO-I/A BUSINESS ADDRESS: STREET 1: 111 HUNTINGTON AVENUE STREET 2: 24TH FLOOR CITY: BOSTON STATE: MA ZIP: 02199 BUSINESS PHONE: 617-954-5000 MAIL ADDRESS: STREET 1: 111 HUNTINGTON AVENUE STREET 2: 24TH FLOOR CITY: BOSTON STATE: MA ZIP: 02199 FORMER COMPANY: FORMER CONFORMED NAME: COLONIAL INVESTMENT GRADE MUNICIPAL TRUST DATE OF NAME CHANGE: 19920703 SC TO-I/A 1 d421305dsctoia.htm MFS INVESTMENT GRADE MUNICIPAL TRUST SC TO-I/A - AMENDMENT NO. 2 MFS INVESTMENT GRADE MUNICIPAL TRUST SC TO-I/A - AMENDMENT NO. 2

AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON SEPTEMBER 8, 2017

 

 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE TO

Tender Offer Statement Under Section 14(D)(1) or 13(E)(1)

of the Securities Exchange Act Of 1934

Amendment No. 2

 

 

MFS Investment Grade Municipal Trust

(Name of Subject Company (Issuer))

 

 

MFS Investment Grade Municipal Trust

(Name of Filing Person (Issuer))

Common Shares, Without Par

(Title of Class of Securities)

59318B108

(CUSIP Number of Class of Securities)

Christopher R. Bohane

Massachusetts Financial Services Company

111 Huntington Avenue

Boston, MA 02199

Telephone: (617) 954-5000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of the Person(s) Filing Statement)

 

 

With a Copy to:

David C. Sullivan

Ropes & Gray LLP

Prudential Tower

800 Boylston Street

Boston, MA 02199-3600

Telephone: (617) 951-7000

Calculation of Filing Fee

 

Transaction Valuation   Amount of Filing Fee
$18,310,293.84 (a)   $2,122.16 (b)

 

(a) Estimated for purposes of calculating the amount of the filing fee only. Pursuant to Rule 0-11(b)(1) under the Securities Exchange Act of 1934, as amended, the Transactional Value was calculated by multiplying 1,738,044 shares of shares in the offer (15% of the total number of common shares outstanding) by $10.535 (98% of the net asset value per share of $10.75 as of the close of regular trading on the New York Stock Exchange on September 6, 2017).
(b) Calculated at $115.90 per $1,000,000 of the Transaction Valuation.

 

☒  Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

 

Amount Previously Paid: $2,104.40    Filing Party: MFS Investment Grade Municipal Trust
Form or Registration No.: Schedule TO    Date Filed: August 8, 2017

 

☐  Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.

Check the appropriate boxes below to designate any transactions to which the statement relates:

 

  ☐  third-party tender offer subject to Rule 14d-1.
  ☒  issuer tender offer subject to Rule 13e-4.
  ☐  going-private transaction subject to Rule 13e-3.
  ☐  amendment to Schedule 13D under Rule 13d-2.

Check the following box if the filing is a final amendment reporting the results of the tender offer:  ☒

 

 

 


EXPLANATORY NOTE

This Amendment No. 2 (“Amendment No. 2”) amends and supplements the Tender Offer Statement on the Schedule TO initially filed with the Securities and Exchange Commission (the “SEC”) on August 8, 2017 by MFS Investment Grade Municipal Trust, a closed-end management investment company (the “Fund”) in connection with the Fund’s offer to purchase for cash up to 15% or 1,738,044 shares of its outstanding common shares, without par value, upon the terms and subject to the conditions set forth in the Fund’s Offer to Purchase dated August 8, 2017 (the “Offer to Purchase”) and the related Letter of Transmittal (the “Letter of Transmittal,” which together with the Offer to Purchase constitute the “Offer”), at a purchase price equal to 98% of the Fund’s net asset value per share determined as of September 6, 2017 at the close of ordinary trading on the New York Stock Exchange.

This Amendment No. 2 to Schedule TO is intended to satisfy the requirements pursuant to Rule 13e-4(c)(3) of the Exchange Act.

The information in the Offer to Purchase and the Letter of Transmittal, previously filed with the Schedule TO as Exhibits (a)(1)(i) and (a)(1)(ii), respectively, is incorporated by reference into this Amendment No. 2 in answer to Items 1 through 9 and Item 11 of the Schedule TO.

 

Item 10.

Not applicable.

 

Item 12. Exhibits.

Item 12 of the Schedule TO is hereby amended and supplemented to add the following exhibit:

(a)(5)(v) Press Release issued on September 8, 2017.

 

Item 13.

Not applicable.


SIGNATURE

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

MFS Investment Grade Municipal Trust

By:   /s/ Christopher R. Bohane

Name:

  Christopher R. Bohane

Title:

  Assistant Secretary and Assistant Clerk

Dated as of: September 8, 2017


EXHIBIT INDEX

 

Exhibit No.            

 

Document

(a)(1)(i)   Offer to Purchase dated August 8, 2017. 1
(a)(1)(ii)   Form of Letter of Transmittal. 1
(a)(1)(iii)   Form of Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees. 1
(a)(1)(iv)   Form of Letter to Clients for use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees. 1
(a)(1)(v)   Form of Notice of Withdrawal. 1
(a)(5)(iii)   Press Release issued on August 8, 2017. 1
(a)(5)(iv)   Press Release issued on September 7, 2017.2
(a)(5)(v)   Press Release issued on September 8, 2017 (filed herewith).
(d)(iii)   Standstill Agreement dated July 11, 2017. 1

1 Previously filed on Schedule TO via EDGAR on August 8, 2017 and incorporated herein by reference.

2 Previously filed on Schedule TO via EDGAR on September 7, 2017 and incorporated herein by reference.

EX-99.(A)(5)(V) 2 d421305dex99a5v.htm PRESS RELEASE ISSUED ON SEPTEMBER 8, 2017. PRESS RELEASE ISSUED ON SEPTEMBER 8, 2017.

LOGO

 

For Immediate Release   

Contacts: Dan Flaherty, +1 617.954.4256

James Aber, +1 617.954.6154

MFS INVESTMENT GRADE MUNICIPAL TRUST ANNOUNCES FINAL RESULTS OF TENDER OFFER

BOSTON (September 8, 2017) – MFS Investment Grade Municipal Trust (the “fund”) (NYSE: CXH) announced today that, in accordance with its tender offer for up to 15 percent of the fund’s outstanding common shares (the “shares”), which expired at 5:00 P.M., Eastern Standard Time, on September 6, 2017, the Fund has accepted 1,738,044 shares, representing 15 percent of shares, for payment on or about September 11, 2017.

A total of 4,304,310.125415 shares were properly tendered and not withdrawn by September 6, 2017, the final date for withdrawals. Therefore, on a pro-rated basis, approximately 40.38056 percent of the shares so tendered by each shareholder have been accepted for payment. The purchase price of properly tendered shares is 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 September 6, 2017, which is equal to $10.535 per share.

The information agent for the Tender Offer is Georgeson LLC and the depository for the tender offer is Computershare Trust Company N.A. Any questions with regard to the tender offer may be directed to the information agent toll-free at 1-866-391-6921.

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 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 August 31 2017, MFS manages US$468.8 billion in assets on behalf of individual and institutional investors worldwide. Please visit mfs.com for more information.

MFS Investment Management

111 Huntington Ave., Boston, MA 02199

# # #

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