MIN - MIN: A 9% Yielding Conservative Bond CEF To Buy Now
The MFS Intermediate Income Trust (MIN) with $475 million in total assets is a taxable-bond closed-end fund that invests across U.S. Treasuries and investment-grade U.S. corporate bonds. With an average effective duration of 4.0 years and a high-quality credit profile, the fund is one of only a few conservative type bond CEF investments meant at capital preservation. MIN currently yields 9% achieved through the regular use of return-of-capital distributions making it a compelling income vehicle. While the exposure here is similar to alternative passive intermediate maturity bond ETFs, income-focused CEF investors should consider MIN to