Page 4 of 9 – SEC Filing
CUSIP NO.
59318B108
59318B108
| Item 1. | Security and Issuer. |
This statement relates to the Common Shares of the MFS Investment Grade Municipal Trust (the “Shares”), a Massacusetts Trust (the “Issuer”). The address of the principal executive offices of the Issuer is 111 Huntington Avenue, Boston, Massachusetts 02199.
| Item 2. | Identity and Background. |
(a) This statement is filed by:
(i) Karpus Management, Inc., d/b/a Karpus Investment Management (“Karpus”); and
(ii) George W. Karpus, the President and CEO of Karpus. Mr. Karpus owns Shares individually and may be deemed the beneficial owner of Shares held by Karpus Management, Inc.’s corporate account (the “KMI Account”).
Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.” Each of the Reporting Persons is party to that certain Joint Filing Agreement as further described in Item 6. Accordingly, the Reporting Persons are hereby filing a joint Schedule 13D.
Set forth on Schedule A annexed hereto (“Schedule A”) is the name and present principal business, occupation or employment and the name, principal business and adress of any corporation or other organization in which such employment is conducted of the executive officers and directors of Karpus. To the best of the Reporting Persons’ knowledge, except as otherwise set forth on Schedule A, none of the parties listed on Schedule A beneficially owns any securities of the issuer or is a party to any contract, agreement or understanding required to be disclosed herein.
(b) The address of the principal office of each of the Reporting Persons is 183 Sully’s Trail, Pittsford, New York 14534.
(c) The principal business of Karpus is serving as a registered investment adviser who provides investment management for individuals, pension plans, profit sharing plans, corporations, endowments, trusts, and others. The principal occupation of Mr. Karpus is serving as the President and CEO of Karpus.
(d) No Reporting Person nor any person listed on Schedule A has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) No reporting Person nor any person listed on Schedule A has, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f) Karpus is organized under the laws of the State of New York. Mr. Karpus is a citizen of the United States of America.
| Item 3. | Source and Amount of Funds or Other Consideration. |
Karpus, an independent registered investment advisor, has accumulated 2,687,046 Shares on behalf of accounts that are managed by Karpus (the “Accounts”) under limited powers of attorney, which represents approximately 23.2% of the Issuer’s outstanding shares. All funds that have been utilized in making such purchases are from such Accounts. The aggregate purchase price of the 2,687,046 Shares beneficially owned by Karpus is approximately $25,687,367, excluding brokerage commissions. The aggregate purchase price of the 230,422 shares held by Mr. Karpus and the KMI Account is approximately $2,149,016, excluding brokerage commissions.
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