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 September 2019: 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: September 2019
Distribution amount per share: $ 0.06019

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.

 

 

 

 

 

 

 

Current
distribution

% Breakdown of
current distribution

Total cumulative
distributions for the
fiscal year to date

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

Net Investment Income

$ 0.03082

51%

$ 0.30515

52%

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

0.02937

49%

0.27688

48%

Total (per common share)

$ 0.06019

100%

$ 0.58203

100%

 

Average annual total return (in relation to NAV) for the five years ended 8-31-2019

6.32%

Annualized current distribution rate expressed as a percentage of month end NAV as of 8-31-2019

7.94%

Cumulative total return (in relation to NAV) for the fiscal year through 8-31-2019

15.10%

Cumulative fiscal year distributions as a percentage of NAV as of 8-31-2019

6.40%

 

MFS Government Markets Income Trust
Distribution period: September 2019
Distribution amount per share: $ 0.02927

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.

 

 

 

 

 

 

 

Current
distribution

% Breakdown of
current distribution

Total cumulative
distributions for the
fiscal year to date

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

Net Investment Income

$ 0.01059

36%

$ 0.09851

34%

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

0.01868

64%

0.18711

66%

Total (per common share)

$ 0.02927

100%

$ 0.28562

100%

 

Average annual total return (in relation to NAV) for the five years ended 8-31-2019

3.11%

Annualized current distribution rate expressed as a percentage of month end NAV as of 8-31-2019

7.21%

Cumulative total return (in relation to NAV) for the fiscal year through 8-31-2019

10.80%

Cumulative fiscal year distributions as a percentage of NAV as of 8-31-2019

5.86%

 

MFS Intermediate High Income Fund
Distribution period: September 2019
Distribution amount per share: $ 0.02024

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.

 

 

 

 

 

 

Current
distribution

% Breakdown of
current distribution

Total cumulative
distributions for the
fiscal year to date

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

Net Investment Income

$ 0.01056

52%

$ 0.11359

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

0.00968

48%

0.08602

43%

Total (per common share)

$ 0.02024

100%

$ 0.19961

100%

 

Average annual total return (in relation to NAV) for the five years ended 8-31-2019

5.63%

Annualized current distribution rate expressed as a percentage of month end NAV as of 8-31-2019

9.41%

Cumulative total return (in relation to NAV) for the fiscal year through 8-31-2019

12.73%

Cumulative fiscal year distributions as a percentage of NAV as of 8-31-2019

7.74%

 

MFS Intermediate Income Trust
Distribution period: September 2019
Distribution amount per share: $ 0.02893

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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current
distribution

 

% Breakdown of
current distribution

 

Total cumulative
distributions for the
fiscal year to date

 

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

Net Investment Income

$ 0.00876

30%

$ 0.09592

30%

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

0.02017

70%

0.21909

70%

Total (per common share)

$ 0.02893

100%

$ 0.31501

100%

 

Average annual total return (in relation to NAV) for the five years ended 8-31-2019

3.20%

Annualized current distribution rate expressed as a percentage of month end NAV as of 8-31-2019

8.49%

Cumulative total return (in relation to NAV) for the fiscal year through 8-31-2019

9.46%

Cumulative fiscal year distributions as a percentage of NAV as of 8-31-2019

7.70%

 

MFS Multimarket Income Trust
Distribution period: September 2019
Distribution amount per share: $ 0.04251

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.

 

 

 

 

 

 

Current
distribution

 

% Breakdown of
current distribution

 

Total cumulative
distributions for the
fiscal year to date

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

Net Investment Income

$ 0.02379

56%

$ 0.25700

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

0.01872

44%

0.19615

43%

Total (per common share)

$ 0.04251

100%

$ 0.45315

100%

 

Average annual total return (in relation to NAV) for the five years ended 8-31-2019

5.86%

Annualized current distribution rate expressed as a percentage of month end NAV as of 8-31-2019

7.95%

Cumulative total return (in relation to NAV) for the fiscal year through 8-31-2019

13.88%

Cumulative fiscal year distributions as a percentage of NAV as of 8-31-2019

7.06%

 

MFS Special Value Trust
Distribution period: September 2019
Distribution amount per share: $ 0.04620

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.

 

 

 

 

 

 

 

 

Current
distribution

 

% Breakdown of
current distribution

 

Total cumulative
distributions for the
fiscal year to date

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

Net Investment Income

 

$ 0.01316

 

28%

 

$ 0.14619

29%

Net Realized ST Cap Gains

 

0.00000

 

0%

 

0.00063

0%

Net Realized LT Cap Gains

 

0.01098

 

24%

 

0.04856

10%

Return of Capital or Other Capital Source

 

0.02206

 

48%

 

0.30462

61%

Total (per common share)

 

$ 0.04620

 

100%

 

$ 0.50000

100%

 

Average annual total return (in relation to NAV) for the five years ended 8-31-2019

6.04%

Annualized current distribution rate expressed as a percentage of month end NAV as 8-31-2019

9.94%

Cumulative total return (in relation to NAV) for the fiscal year through 8-31-2019

11.63%

Cumulative fiscal year distributions as a percentage of NAV as of 8-31-2019

8.96%

 

 

 

 

 

 

 

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
In 1924, MFS launched the first US open-end mutual fund, opening the door to the markets for millions of everyday investors. Today, as a full-service global investment manager serving financial advisors, intermediaries and institutional clients, MFS still serves a single purpose: to create long-term value for clients by allocating capital responsibly. That takes our powerful investment approach combining collective expertise, thoughtful risk management and long-term discipline. Supported by our culture of shared values and collaboration, our teams of diverse thinkers actively debate ideas and assess material risks to uncover what we believe are the best investment opportunities in the market. As of August 31, 2019, MFS manages US$489.5 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 American for MFS California Municipal Fund). Shares may trade at a discount to NAV.

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

15668.132

Contacts

Computershare Shareholders Services:
Shareholders (account information, quotes): 800-637-2304

MFS Investment Management:
Shareholders or Advisors (investment product information):
Jeffrey Schwarz, 800-343-2829, ext. 55872

Media Only:
Dan Flaherty, 617-954-4256

Release Summary

MFS releases closed-end fund distribution source information for several funds for September 2019

Contacts

Computershare Shareholders Services:
Shareholders (account information, quotes): 800-637-2304

MFS Investment Management:
Shareholders or Advisors (investment product information):
Jeffrey Schwarz, 800-343-2829, ext. 55872

Media Only:
Dan Flaherty, 617-954-4256