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home / news releases / MIN - MFS Releases Closed-End Fund Income Distribution Sources for Certain Funds


MIN - MFS Releases Closed-End Fund Income Distribution Sources for Certain Funds

MFS Investment Management® (MFS®) released today the distribution income sources for six of its closed-end funds for August 2018: MFS® Charter Income Trust (NYSE: MCR), MFS® Government Markets Income Trust (NYSE: MGF), MFS® Intermediate High Income Fund (NYSE: CIF), MFS® Intermediate Income Trust (NYSE: MIN), MFS® Multimarket Income Trust (NYSE: MMT) and MFS® Special Value Trust (NYSE: MFV). This information also can be obtained by visiting MFS.com by clicking on Products & Strategies > Closed End Funds > Dividend Source Information.

MFS Charter Income Trust
Distribution period: August 2018
Distribution amount per share: $ 0.05834

The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital or other capital source. The fund’s fiscal year begins each December 1st. All amounts are expressed per common share.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Total cumulative
distributions for the
fiscal year to date

% Breakdown of
the total
cumulative
distributions for
the fiscal year to
date

Current
distribution

% Breakdown of
current distribution

Net Investment Income
$ 0.02840
49%
$ 0.26284
49%
Net Realized ST Cap Gains
0.00000
0%
0.00000
0%
Net Realized LT Cap Gains
0.00000
0%
0.00000
0%
Return of Capital or Other Capital Source
0.02994
 
 
 
51%
 
 
 
0.27686
 
 
 
51%
Total (per common share)
$ 0.05834
100%
$ 0.53970
100%
 

Average annual total return (in relation to NAV) for the five years ended 07-31-2018

5.50%

Annualized current distribution rate expressed as a percentage of month end NAV as of 07-31-2018

7.99%

Cumulative total return (in relation to NAV) for the fiscal year through 07-31-2018

0.35%

Cumulative fiscal year distributions as a percentage of NAV as of 07-31-2018

6.16%

 

MFS Government Markets Income Trust
Distribution period: August 2018
Distribution amount per share: $ 0.02900

The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital or other capital source. The fund’s fiscal year begins each December 1st. All amounts are expressed per common share.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Total cumulative
distributions for the
fiscal year to date

% Breakdown of
the total
cumulative
distributions for
the fiscal year to
date

Current
distribution

% Breakdown of
current distribution

Net Investment Income
$ 0.00983
34%
$ 0.09353
35%
Net Realized ST Cap Gains
0.00000
0%
0.00000
0%
Net Realized LT Cap Gains
0.00000
0%
0.00000
0%
Return of Capital or Other Capital Source
0.01917
 
 
 
66%
 
 
 
0.17421
 
 
 
65%
Total (per common share)
$ 0.02900
100%
$ 0.26774
100%
 

Average annual total return (in relation to NAV) for the five years ended 07-31-2018

 2.07%

Annualized current distribution rate expressed as a percentage of month end NAV as of 07-31-2018

 7.30%

Cumulative total return (in relation to NAV) for the fiscal year through 07-31-2018

-1.14%

Cumulative fiscal year distributions as a percentage of NAV as of 07-31-2018

 5.61%

 

MFS Intermediate High Income Fund
Distribution period: August 2018
Distribution amount per share: $ 0.02047

The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital or other capital source. The fund’s fiscal year begins each December 1st. All amounts are expressed per common share.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Total cumulative
distributions for the
fiscal year to date

% Breakdown of
the total
cumulative
distributions for
the fiscal year to
date

Current
distribution

% Breakdown of
current distribution

Net Investment Income
$ 0.01182
58%
$ 0.10886
57%
Net Realized ST Cap Gains
0.00000
0%
0.00000
0%
Net Realized LT Cap Gains
0.00000
0%
0.00000
0%
Return of Capital or Other Capital Source
0.00865
 
 
 
42%
 
 
 
0.08242
 
 
 
43%
Total (per common share)
$ 0.02047
100%
$ 0.19128
100%
 

Average annual total return (in relation to NAV) for the five years ended 07-31-2018

5.98%

Annualized current distribution rate expressed as a percentage of month end NAV as of 07-31-2018

9.45%

Cumulative total return (in relation to NAV) for the fiscal year through 07-31-2018

-0.64%

Cumulative fiscal year distributions as a percentage of NAV as of 07-31-2018

7.36%

 

MFS Intermediate Income Trust
Distribution period: August 2018
Distribution amount per share: $ 0.02932

The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital or other capital source. The fund’s fiscal year begins each November 1st. All amounts are expressed per common share.

 

 
 
 
 
 
 
 
 
 
 
 
 

Total cumulative
distributions for the
fiscal year to date

 
 
 

% Breakdown of
the total
cumulative
distributions for
the fiscal year to
date

Current
distribution

% Breakdown of
current distribution

Net Investment Income
$ 0.00863
29%
$ 0.08059
27%
Net Realized ST Cap Gains
0.00000
0%
0.00000
0%
Net Realized LT Cap Gains
0.00000
0%
0.00000
0%
Return of Capital or Other Capital Source
0.02069
 
 
 
71%
 
 
 
0.22323
 
 
 
73%
Total (per common share)
$ 0.02932
100%
$ 0.30382
100%
 

Average annual total return (in relation to NAV) for the five years ended 07-31-2018

2.39%

Annualized current distribution rate expressed as a percentage of month end NAV as of 07-31-2018

8.52%

Cumulative total return (in relation to NAV) for the fiscal year through 07-31-2018

-0.77%

Cumulative fiscal year distributions as a percentage of NAV as of 07-31-2018

7.36%

 

MFS Multimarket Income Trust
Distribution period: August 2018
Distribution amount per share: $ 0.04157

The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital or other capital source. The fund’s fiscal year begins each November 1st. All amounts are expressed per common share.

 

 
 
 
 
 
 
 
 
 
 
 
 

Total cumulative
distributions for the
fiscal year to date

 
 
 

% Breakdown of
the total
cumulative
distributions for
the fiscal year to
date

Current
distribution

% Breakdown of
current distribution

Net Investment Income
$ 0.02149
52%
$ 0.21127
49%
Net Realized ST Cap Gains
0.00000
0%
0.00000
0%
Net Realized LT Cap Gains
0.00000
0%
0.00000
0%
Return of Capital or Other Capital Source
0.02008
 
 
 
48%
 
 
 
0.21832
 
 
 
51%
Total (per common share)
$ 0.04157
100%
$ 0.42959
100%
 

Average annual total return (in relation to NAV) for the five years ended 07-31-2018

5.37%

Annualized current distribution rate expressed as a percentage of month end NAV as of 07-31-2018

7.99%

Cumulative total return (in relation to NAV) for the fiscal year through 07-31-2018

-0.02%

Cumulative fiscal year distributions as a percentage of NAV as of 07-31-2018

6.88%

 

MFS Special Value Trust
Distribution period: August 2018
Distribution amount per share: $ 0.04709

The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital or other capital source. The fund’s fiscal year begins each November 1st. All amounts are expressed per common share.

 

 
 
 
 
 
 
 
 
 
 
 
 

Total cumulative
distributions for the
fiscal year to date

 
 
 

% Breakdown of
the total
cumulative
distributions for
the fiscal year to
date

Current
distribution

% Breakdown of
current distribution

Net Investment Income
$ 0.01164
25%
$ 0.13093
27%
Net Realized ST Cap Gains
0.00000
0%
0.00000
0%
Net Realized LT Cap Gains
0.01113
24%
0.09372
19%
Return of Capital or Other Capital Source
0.02432
 
 
 
51%
 
 
 
0.26272
 
 
 
54%
Total (per common share)
$ 0.04709
100%
$ 0.48737
100%
 

Average annual total return (in relation to NAV) for the five years ended 07-31-2018

6.14%

Annualized current distribution rate expressed as a percentage of month end NAV as of 07-31-2018

9.93%

Cumulative total return (in relation to NAV) for the fiscal year through 07-31-2018

1.71%

Cumulative fiscal year distributions as a percentage of NAV as of 07-31-2018

8.57%

 

The above funds have adopted a managed distribution plan. Under a managed distribution plan, to the extent that sufficient investment income is not available on a monthly basis, the fund will distribute long-term capital gains and/or return of capital in order to maintain its managed distribution level. Investors should not draw any conclusions about the fund’s investment performance from the amount of the fund’s distributions or from the terms of the fund’s managed distribution plan.

The Board of the fund may amend the terms of the plan or terminate the plan at any time without prior notice to the fund's shareholders. The amendment or termination of a plan could have an adverse effect on the market price of the fund’s common shares. The plan will be subject to periodic review by the Board. With each distribution that does not consist solely of net investment income, the fund will issue a notice to shareholders and an accompanying press release which will provide detailed information regarding the amount and estimated composition of the distribution and other related information.

The amounts and sources of distributions reported above are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the fund’s investment experience during its full fiscal year and may be subject to changes based on tax regulations. The fund will send shareholders a Form 1099-DIV for the calendar year that will tell them how to report these distributions for federal income tax purposes. The fund may at times distribute more than its net investment income and net realized capital gains; therefore, a portion of the distribution may result in a return of capital. A return of capital may occur, for example, when some or all of the money that shareholders invested in the fund is paid back to them. A return of capital does not necessarily reflect a fund’s investment performance and should not be confused with ‘yield’ or ‘income’. Any such returns of capital will decrease the fund's total assets and, therefore, could have the effect of increasing the fund's expense ratio. In addition, in order to make the level of distributions called for under its plan, the fund may have to sell portfolio securities at a less than opportune time.

About MFS Investment Management
Established in 1924, MFS is an active, global asset manager with investment offices in Boston, Hong Kong, London, Mexico City, São Paulo, Singapore, Sydney, Tokyo and Toronto. We employ a uniquely collaborative approach to build better insights for our clients. Our investment approach has three core elements: integrated research, global collaboration and active risk management. As of July 31, 2018, MFS manages US $484.8 billion in assets on behalf of individual and institutional investors worldwide. Please visit mfs.com for more information.

The Funds are closed-end Funds. Common shares of the Funds are only available for purchase/sale on the NYSE at the current market price (NYSE-MKT for MFS California Municipal Fund). Shares may trade at a discount to NAV.

MFS Investment Management
111 Huntington Ave., Boston, MA 02199

15668.118

View source version on businesswire.com: https://www.businesswire.com/news/home/20180827005327/en/

Computershare Shareholders Services:
Shareholders (account information, quotes): 800-637-2304
or
MFS Investment Management:
Shareholders or Advisors (investment product information):
Jeffrey Schwarz, 800-343-2829, ext. 55872
or
Media Only:
Dan Flaherty, 617-954-4256

Copyright Business Wire 2018
Stock Information

Company Name: MFS Intermediate Income Trust
Stock Symbol: MIN
Market: NYSE
Website: www.mfs.com

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