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 June 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 & Performance > Closed End Funds > Dividend Source Information.

MFS Charter Income Trust
Distribution period: June 2018
Distribution amount per share: $ 0.05873

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 $ 0.03067 52% $ 0.20862 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 0.02806     48%     0.21429     51%
Total (per common share) $ 0.05873 100% $ 0.42291 100%
 
   
Average annual total return (in relation to NAV) for the five years ended 05-31-2018 4.96%
Annualized current distribution rate expressed as a percentage of month end NAV as of 05-31-2018 8.03%
Cumulative total return (in relation to NAV) for the fiscal year through 05-31-2018 -0.91%
Cumulative fiscal year distributions as a percentage of NAV as of 05-31-2018 4.82%
 

MFS Government Markets Income Trust
Distribution period: June 2018
Distribution amount per share: $ 0.02913

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 $ 0.01042 36% $ 0.07347 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 0.01871     64%     0.13623     65%
Total (per common share) $ 0.02913 100% $ 0.20970 100%
 
   
Average annual total return (in relation to NAV) for the five years ended 05-31-2018 1.77%
Annualized current distribution rate expressed as a percentage of month end NAV as of 05-31-2018 7.22%
Cumulative total return (in relation to NAV) for the fiscal year through 05-31-2018 -0.97%
Cumulative fiscal year distributions as a percentage of NAV as of 05-31-2018 4.33%
 

MFS Intermediate High Income Fund
Distribution period: June 2018
Distribution amount per share: $ 0.02068

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 $ 0.01213 59% $ 0.08525 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 0.00855     41%     0.06498     43%
Total (per common share) $ 0.02068 100% $ 0.15023 100%
 
   
Average annual total return (in relation to NAV) for the five years ended 05-31-2018 5.44%
Annualized current distribution rate expressed as a percentage of month end NAV as of 05-31-2018 9.54%
Cumulative total return (in relation to NAV) for the fiscal year through 05-31-2018 -2.23%
Cumulative fiscal year distributions as a percentage of NAV as of 05-31-2018 5.78%
 

MFS Intermediate Income Trust
Distribution period: June 2018
Distribution amount per share: $ 0.02959

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 $ 0.00856 29% $ 0.06331 26%
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 0.02103     71%     0.18177     74%
Total (per common share) $ 0.02959 100% $ 0.24508

100%

 
   
Average annual total return (in relation to NAV) for the five years ended 05-31-2018 2.12%
Annualized current distribution rate expressed as a percentage of month end NAV as of 05-31-2018 8.47%
Cumulative total return (in relation to NAV) for the fiscal year through 05-31-2018 -0.88%
Cumulative fiscal year distributions as a percentage of NAV as of 05-31-2018 5.85%
 

MFS Multimarket Income Trust
Distribution period: June 2018
Distribution amount per share: $ 0.04185

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 $ 0.02130 51% $ 0.16999 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 0.02055     49%     0.17638     51%
Total (per common share) $ 0.04185 100% $ 0.34637 100%
 
   
Average annual total return (in relation to NAV) for the five years ended 05-31-2018 4.43%
Annualized current distribution rate expressed as a percentage of month end NAV as of 05-31-2018 8.01%
Cumulative total return (in relation to NAV) for the fiscal year through 05-31-2018 -0.99%
Cumulative fiscal year distributions as a percentage of NAV as of 05-31-2018 5.52%
 

MFS Special Value Trust
Distribution period: June 2018
Distribution amount per share: $ 0.04725

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

 

% Breakdown of
current distribution

Current
distribution

Net Investment Income $ 0.01439 30% $ 0.10836 28%
Net Realized ST Cap Gains 0.00000 0% 0.00000 0%
Net Realized LT Cap Gains 0.02460 52% 0.07378 19%
Return of Capital or Other Capital Source 0.00826     18%     0.21114     53%
Total (per common share) $ 0.04725 100% $ 0.39328 100%
 
   
Average annual total return (in relation to NAV) for the five years ended 05-31-2018 5.76%
Annualized current distribution rate expressed as a percentage of month end NAV as of 05-31-2018 10.09%
Cumulative total return (in relation to NAV) for the fiscal year through 05-31-2018 -1.21%
Cumulative fiscal year distributions as a percentage of NAV as of 05-31-2018 7.00%
 

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 May 31, 2018, MFS manages US $476.4 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

15668.116

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:
Dan Flaherty, 617-954-4256

Release Summary

MFS releases closed-end fund distribution source information for several funds for June 2018

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:
Dan Flaherty, 617-954-4256