MFS HIGH YIELD MUNICIPAL TRUST — Proxy Solicitation & Information Statement 2001

Sep 18, 2001

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A (RULE 14A-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. ) FILED BY THE REGISTRANT [X] FILED BY A PARTY OTHER THAN THE REGISTRANT [ ] -------------------------------------------------------------------------------- Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Definitive Proxy Statement [X] Definitive Additional Materials [ ] Soliciting Material Pursuant to sec.240.14a-11(c) or sec.240.14a-12 [ ] Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) COLONIAL HIGH INCOME MUNICIPAL TRUST COLONIAL INVESTMENT GRADE MUNICIPAL TRUST COLONIAL INTERMARKET INCOME TRUST I COLONIAL CALIFORNIA INSURED MUNICIPAL FUND COLONIAL INSURED MUNICIPAL FUND COLONIAL NEW YORK INSURED MUNICIPAL FUND COLONIAL MUNICIPAL INCOME TRUST COLONIAL INTERMEDIATE HIGH INCOME FUND (Name of Registrant as Specified in Its Charter) (Name of Person(s) Filing Proxy Statement) PAYMENT OF FILING FEE (CHECK THE APPROPRIATE BOX): [X] No fee required. [ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11. 1) Title of each class of securities to which transaction applies: 2) Aggregate number of securities to which transaction applies: 3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined): 4) Proposed maximum aggregate value of transaction: 5) Total fee paid: [ ] Fee paid previously with preliminary materials. [ ] Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. 1) Amount Previously Paid: 2) Form, Schedule or Registration Statement No.: 3) Filing Party: 4) Date Filed: LFSI TEMPLATE LETTER Date Name Address City, State, Zip Re: Correspondence # Account Number Dear Name: We have received your letter dated (Month, Date, 2001) regarding the potential sale of Liberty Financial's asset management business to FleetBoston Financial. Unfortunately, at this time we are unable to provide specific information about the outcome of the transaction. Until the close of the transaction, Liberty's asset management business will continue to operate as usual. Any fees or charges remain in effect per the fund prospectus. We are committed to keeping you fully informed about any material changes in sales charges and fees that may occur as a result of the transaction. You will be notified well in advance of any material changes that could occur and what options you will have as a shareholder. We hope this provides sufficient answers to your questions. If you have any questions about your account, please call our Shareholder Services Department at 1-800-345-6611. Please use the reference number listed above when inquiring about this item. Sincerely, Liberty Funds Services, Inc. LFSI TEMPLATE LETTER Month Date, 2001 Name Address City, State, Zip Re: Dear (Name): We are writing in response to your letter of (Month, Date 2001) in which you cited your concerns over the upcoming merger with FleetBoston Financial. Please understand that we cannot comment on information that you have read or heard regarding FleetBoston's services or products. As you read in the letter to Liberty fund Shareholders, the proposed sale of Liberty Financial's asset management business to FleetBoston is subject to a number of conditions, including approval by shareholders of Liberty Financial. Until the transaction is approved, business will continue as usual. You will continue to receive the same quality products and services you have come to expect from us. As soon as we have further information, we will share it with you. Please be advised that your comments have been forwarded to upper management for review. If you have any questions about your account, please contact our Shareholder Services Department at (INSERT CUSTOMER SERVICE NUMBER). Sincerely, Liberty Funds Services, Inc. LFSI TEMPLATE LETTER Date Name Address City, State ZIP Re: Correspondence # Account Number Dear (Name): Thank you for your letter dated (month Date, 2001). We appreciate your taking the time to communicate your concerns regarding recent changes to Liberty Funds and the pending sale of Liberty Financial's asset management business to FleetBoston Financial. We understand that changes involving your investments can be unsettling. Liberty Financial's decision to sell its asset management business was a difficult one. After attempting to grow its asset management business through acquisitions and organizational initiatives, management determined that the company needed more scale and resources in order to achieve its full potential. Liberty Financial believes that Fleet can provide the necessary scale and resources to deliver a world-class asset management company. The funds' Board of Trustees believes that there are benefits from combining the asset management businesses of Fleet and Liberty Financial. These include enhanced technology, access to greater resources for investment professionals, high quality customer service and an anticipated availability of additional investment options for shareholders of the funds. Business operations will continue as usual until the transaction with FleetBoston Financial is approved and completed. You will have access to the same customer service personnel and receive the same quality products and services you have come to expect from us. If any changes are planned in the future, we will share that information with you as soon as it is available. Again, we appreciate your taking the time to share your concerns with us. They have been forwarded to upper management for consideration. Please feel free to contact one of our Customer Service Representatives at 800-345-6611 if we can be of assistance with the servicing of your account. Sincerely,