Company: CXH
Filing Date: 2025-01-27
Form Type: N-CSR
Source: 0001683863-25-000339
Chunk: 32

Company: MFS INVESTMENT GRADE MUNICIPAL TRUST
Filing Date: 2025-01-27
Form: N-CSR
Chunk 32
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    3,319,917 |
| Gross depreciation                         |   -1,894,660 |
| Net unrealized appreciation (depreciation) |   $1,425,257 |
| Undistributed ordinary income              |      140,274 |
| Undistributed tax-exempt income            |      742,256 |
| Capital loss carryforwards                 |   -6,954,652 |
| Other temporary differences                |     -140,564 |
| Total distributable earnings (loss)        | $(4,787,429) |

As of November 30, 2024, the fund had capital loss carryforwards available to offset future realized gains. These net capital losses may be carried forward indefinitely and their character is retained as short-term and/or long-term losses. Such losses are characterized as follows:

| Short-Term | $(1,635,972) |
| Long-Term  |   -5,318,680 |
| Total      | $(6,954,652) |

(3) Transactions with Affiliates Investment Adviser — The fund has an investment advisory agreement with MFS to provide overall investment management and related administrative services and facilities to the fund. The management fee is computed daily and paid monthly at an annual rate of 0.65% of the fund’s average daily net assets (including the value of preferred shares). The investment adviser has agreed in writing to reduce its management fee to 0.63% of the fund’s average daily net assets (including the value of preferred shares). This written agreement will continue until modified by the fund’s Board of Trustees, but such agreement will continue at least until November 30, 2025. For the year ended November 30, 2024, this management fee reduction amounted to $22,661, which is included in the reduction of total expenses in the Statement of Operations. The management fee incurred for the year ended November 30, 2024 was equivalent to an annual effective rate of 0.63% of the fund's average daily net assets (including the value of preferred shares). The investment adviser has agreed in writing to pay a portion of the fund’s total annual operating expenses, excluding interest expense on RVMTP shares, taxes, extraordinary expenses, brokerage and transaction costs, certain tax reclaim recovery expenses (including contingency fees and closing agreement expenses), other interest expense, and investment-related expenses (including interest expense and fees associated with investments in inverse floating rate instruments), such that total fund operating expenses do not exceed