CMU News and Press, MFS Municipal Income Trust From 08/19/21

The intensity of the income need only grows as investors move closer to - and enter - their retirement years. While diversified credit portfolios offer benefits, the potential drawdowns could be too much for some investors’ risk tolerances. For tax-sensitive investors, the ...

The high yield municipal market’s resiliency passed its latest test in the COVID-19 pandemic. Most municipal borrowers began to feel a financial impact from the Coronavirus by the second and third quarters of 2020. The concentration of defaults in one sector affirms our bel...

Rallying interest rates drove strong muni bond performance in July. Market dynamics remained seasonally favorable, with demand for munis broadly outpacing supply. A more defensive posture may be warranted ahead of elevated risks in the fall. For further details see: Muni...

We review CEF market valuation and performance over the first week of August and highlight recent market events. August saw a strong start for CEFs with discount compression across the board and rising NAVs for equity-linked sectors. We highlight some of the headwinds facing the f...

We review CEF market valuation and performance over the last week of July and highlight recent market events. July CEF returns were wrapped around zero in aggregate as higher NAVs were offset by wider discounts. We continue to favor funds in a number of higher-yielding niche secto...

MFS High Yield Municipal Trust (NYSE:CMU) declares $0.0165/share monthly dividend, -5.7% decrease from prior dividend of $0.0175. Forward yield 4.18% Payable Aug. 31; for shareholders of record Aug. 18; ex-div Aug. 17. See CMU Dividend Scorecard, Yield Chart, & Dividend Growth. For furt...

MFS Municipal Income Trust (NYSE: MFM), MFS Investment Grade Municipal Trust (NYSE: CXH), MFS High Income Municipal Trust (NYSE: CXE), and MFS High Yield Municipal Trust (NYSE: CMU) today announced that each fund has completed the issuance of a new series of Remarketed Variable Rate Mun...

From January 1995 through June 2021, Treasury rates rose more than half a percentage point over a two-month period at a frequency of nearly 9%. Simply put, when money sleeps, it stops working for you. As a muni investor, you need your money to work hard. For further details ...

During the first half of the year, municipal bonds (munis) shrugged off the rise in long-term U.S. interest rates and crushed their taxable counterparts. Looking at fundamental credit strength, state tax receipts are much better than were estimated a year ago. Municipal bonds are ...

4 out of 23 CEF sectors positive on price and 1 out of 23 sectors positive on NAV last week. ACP's rights offering was fully subscribed, causing a -3% NAV hit. BST's rights offering is ongoing, what to do for investors. FSLF will liquidate in another Saba victory, a slim arbit...