Bulldog Investors, LLP Reduces Stake in MFS High Yield Municipal Trust (CMU) to 5.42%

On May 5, 2026, Bulldog Investors, LLP filed Amendment No. 13 to its Schedule 13D for MFS High Yield Municipal Trust (CMU), reporting a significant reduction in its holdings. As of the event date on May 1, 2026, Bulldog Investors, LLP disclosed beneficial ownership of 1,382,344 shares, representing 5.42% of the outstanding common stock. This is a notable decrease from its previously reported position of 2,459,393 shares (9.65%). The reduction was driven by a series of open-market sales occurring on April 30, 2026, and May 1, 2026. Specifically, the group sold 234,000 shares and 16,049 shares on April 30 at prices around $3.65, followed by sales of 25,000 shares and a large block of 800,000 shares on May 1 at prices near $3.64. Following these transactions, Phillip Goldstein and Andrew Dakos, partners at Bulldog Investors, maintain individual beneficial ownership levels of 6.92% and 4.97% respectively. The filing indicates the shares are held for investment purposes with power to direct votes and dispositions.