UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-PX ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANIES Investment Company Act file number 811-4992 MFS HIGH YIELD MUNICIPAL TRUST (Exact name of registrant as specified in charter) 500 Boylston Street, Boston, Massachusetts 02116 (Address of principal executive offices) (Zip code) Susan S. Newton Massachusetts Financial Services Company 500 Boylston Street Boston, Massachusetts 02116 (Name and address of agents for service) Registrant's telephone number, including area code: (617) 954-5000 Date of fiscal year end: November 30 Date of reporting period: July 1, 2007 - June 30, 2008 ITEM 1. PROXY VOTING RECORD. ******************************* FORM N-Px REPORT ******************************* ICA File Number: 811-04492 Reporting Period: 07/01/2007 - 06/30/2008 MFS High Yield Municipal Trust ======================== MFS HIGH YIELD MUNICIPAL TRUST ======================== SOUTH LAKE COUNTY FL HOSPITAL DIST REV BD Ticker: Security ID: 838640DB3 Meeting Date: FEB 11, 2008 Meeting Type: Written Consent Record Date: DEC 12, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1 DEBTOR S PLAN None For Management 2 WILLOW INVESTMENTS, LLC S PLAN None For Management 3 RONNIE AQUINO S PLAN None For Management 4 DEBTOR S PLAN None For Management 5 WILLOW INVESTMENTS, LLC S PLAN None For Management 6 RONNIE AQUINO S PLAN None For Management ========== END NPX REPORT SIGNATURES Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Registrant: MFS HIGH YIELD MUNICIPAL TRUST By (Signature and Title) Robert J. Manning ---------------------------------------------- Robert J. Manning, Principal Executive Officer Date: August 26, 2008