Daily Note | March 5, 2026 | MFS Cash Tenders, Saba In Korea Fund
Summary
MFS is merging CXE, CMU, CXH, and VFL into MFM, rebranding as abrdn Municipal Income Fund.
Swapping into CMU from CXE or VFL is recommended, with a 6.6% gross return and 29.4% annualized if the tender reaches 75% uptake.
The merger vote occurs March 11th; failure to approve is the key risk, with the merger expected to close June 1st.
Post-merger, ex…
