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

BOSTON--()--MFS Investment Management® (MFS®) released today the distribution income sources for six of its closed-end funds for August 2016: 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 & Performance > Closed End Funds > Dividend Source Information.

MFS Charter Income Trust
Distribution period: August 2016
Distribution amount per share: $ 0.06281

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 $ 0.03769 60% $ 0.35241 65%
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 0.02512   40%   0.19340   35%
Total (per common share) $ 0.06281 100% $ 0.54581 100%
 
Average annual total return (in relation to NAV) for the five years ended 7-31-2016         6.25%
Annualized current distribution rate expressed as a percentage of month end NAV as of 7-31-2016 8.00%
Cumulative total return (in relation to NAV) for the fiscal year through 7-31-2016 8.50%
Cumulative fiscal year distributions as a percentage of NAV as of 7-31-2016 5.79%
 

MFS Government Markets Income Trust
Distribution period: August 2016
Distribution amount per share: $ 0.03434

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 $ 0.01302 38% $ 0.11806 38%
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 0.02132   62%   0.18975   62%
Total (per common share) $ 0.03434 100% $ 0.30781 100%
 
Average annual total return (in relation to NAV) for the five years ended 7-31-2016         3.29%
Annualized current distribution rate expressed as a percentage of month end NAV as of 7-31-2016 7.27%
Cumulative total return (in relation to NAV) for the fiscal year through 7-31-2016 5.19%
Cumulative fiscal year distributions as a percentage of NAV as of 7-31-2016 5.43%
 

MFS Intermediate High Income Fund
Distribution period: August 2016
Distribution amount per share: $ 0.02203

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 $ 0.01530 69% $ 0.14385 76%
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 0.00673   31%   0.04471   24%
Total (per common share) $ 0.02203 100% $ 0.18856 100%
 
Average annual total return (in relation to NAV) for the five years ended 7-31-2016         7.11%
Annualized current distribution rate expressed as a percentage of month end NAV as of 7-31-2016 9.51%
Cumulative total return (in relation to NAV) for the fiscal year through 7-31-2016 10.43%
Cumulative fiscal year distributions as a percentage of NAV as of 7-31-2016 6.78%
 

MFS Intermediate Income Trust
Distribution period: August 2016
Distribution amount per share: $ 0.03492

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 $ 0.00886 25% $ 0.08922 25%
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 0.02606   75%   0.26228   75%
Total (per common share) $ 0.03492 100% $ 0.35150 100%
 
Average annual total return (in relation to NAV) for the five years ended 7-31-2016         3.52%
Annualized current distribution rate expressed as a percentage of month end NAV as of 7-31-2016 8.52%
Cumulative total return (in relation to NAV) for the fiscal year through 7-31-2016 4.34%
Cumulative fiscal year distributions as a percentage of NAV as of 7-31-2016 7.14%
 

MFS Multimarket Income Trust
Distribution period: August 2016
Distribution amount per share: $ 0.04502

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 $ 0.02871 64% $ 0.28878 66%
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 0.01631   36%   0.14837   34%
Total (per common share) $ 0.04502 100% $ 0.43715 100%
 
Average annual total return (in relation to NAV) for the five years ended 7-31-2016         6.37%
Annualized current distribution rate expressed as a percentage of month end NAV as of 7-31-2016 7.99%
Cumulative total return (in relation to NAV) for the fiscal year through 7-31-2016 6.97%
Cumulative fiscal year distributions as a percentage of NAV as of 7-31-2016 6.47%
 

MFS Special Value Trust
Distribution period: August 2016
Distribution amount per share: $ 0.05004

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 $ 0.01829 37% $ 0.19374 40%
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 0.03175   63%   0.29090   60%
Total (per common share) $ 0.05004 100% $ 0.48464 100%
 
Average annual total return (in relation to NAV) for the five years ended 7-31-2016         6.76%
Annualized current distribution rate expressed as a percentage of month end NAV as of 7-31-2016 9.99%
Cumulative total return (in relation to NAV) for the fiscal year through 7-31-2016 7.02%
Cumulative fiscal year distributions as a percentage of NAV as of 7-31-2016 8.06%
 

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, 2016, MFS manages US$438.9 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

15668.95

Contacts

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:
James Aber, 617-954-6154
or
Dan Flaherty, 617-954-4256

Release Summary

MFS releases closed end fund distribution source information for six funds for August 2016.

Contacts

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:
James Aber, 617-954-6154
or
Dan Flaherty, 617-954-4256