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 November 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: November 2019
Distribution amount per share: $ 0.06000

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

$ 0.02906

48%

$ 0.36120

51%

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

0.03094

52%

0.34121

49%

Total (per common share)

$ 0.06000

100%

$ 0.70241

100%

 

Average annual total return (in relation to NAV) for the five years ended 10-31-2019

6.45%

Annualized current distribution rate expressed as a percentage of month end NAV as of 10-31-2019

7.99%

Cumulative total return (in relation to NAV) for the fiscal year through 10-31-2019

15.61%

Cumulative fiscal year distributions as a percentage of NAV as of 10-31-2019

7.80%

MFS Government Markets Income Trust
Distribution period: November 2019
Distribution amount per share: $ 0.02895

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

$ 0.00871

 

 

30%

 

 

$ 0.11485

 

 

33%

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

0.02024

 

 

70%

 

 

0.22884

 

 

67%

Total (per common share)

$ 0.02895

 

 

100%

 

 

$ 0.34369

 

 

100%

 

Average annual total return (in relation to NAV) for the five years ended 10-31-2019

2.96%

Annualized current distribution rate expressed as a percentage of month end NAV as of 10-31-2019

7.25%

Cumulative total return (in relation to NAV) for the fiscal year through 10-31-2019

10.36%

Cumulative fiscal year distributions as a percentage of NAV as of 10-31-2019

7.18%

MFS Intermediate High Income Fund
Distribution period: November 2019
Distribution amount per share: $ 0.02028

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

$ 0.01151

 

 

57%

 

 

$ 0.13747

 

 

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

0.00877

 

 

43%

 

 

0.10280

 

 

43%

Total (per common share)

$ 0.02028

 

 

100%

 

 

$ 0.24027

 

 

100%

 

Average annual total return (in relation to NAV) for the five years ended 10-31-2019

6.03%

Annualized current distribution rate expressed as a percentage of month end NAV as of 10-31-2019

9.47%

Cumulative total return (in relation to NAV) for the fiscal year through 10-31-2019

14.07%

Cumulative fiscal year distributions as a percentage of NAV as of 10-31-2019

9.35%

 

MFS Intermediate Income Trust
Distribution period: November 2019
Distribution amount per share: $ 0.02864

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

$ 0.00844

 

 

29%

 

 

$ 0.00844

 

 

29%

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

0.02020

 

 

71%

 

 

0.02020

 

 

71%

Total (per common share)

$ 0.02864

 

 

100%

 

 

$ 0.02864

 

 

100%

 

Average annual total return (in relation to NAV) for the five years ended 10-31-2019

3.28%

Annualized current distribution rate expressed as a percentage of month end NAV as of 10-31-2019

8.51%

Cumulative total return (in relation to NAV) for the fiscal year through 10-31-2019

9.77%

Cumulative fiscal year distributions as a percentage of NAV as of 10-31-2019

0.71%

 

MFS Multimarket Income Trust
Distribution period: November 2019
Distribution amount per share: $ 0.04244

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

$ 0.02386

 

 

56%

 

 

$ 0.02386

 

 

56%

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

0.01858

 

 

44%

 

 

0.01858

 

 

44%

Total (per common share)

$ 0.04244

 

 

100%

 

 

$ 0.04244

 

 

100%

 

Average annual total return (in relation to NAV) for the five years ended 10-31-2019

6.10%

Annualized current distribution rate expressed as a percentage of month end NAV as of 10-31-2019

7.98%

Cumulative total return (in relation to NAV) for the fiscal year through 10-31-2019

14.78%

Cumulative fiscal year distributions as a percentage of NAV as of 10-31-2019

0.67%

 

MFS Special Value Trust
Distribution period: November 2019
Distribution amount per share: $ 0.04639

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

$ 0.01360

 

 

29%

 

 

$ 0.01360

 

 

29%

Net Realized ST Cap Gains

0.00096

 

 

2%

 

 

0.00096

 

 

2%

Net Realized LT Cap Gains

0.00000

 

 

0%

 

 

0.00000

 

 

0%

Return of Capital or Other Capital Source

0.03183

 

 

69%

 

 

0.03183

 

 

69%

Total (per common share)

$ 0.04639

 

 

100%

 

 

$ 0.04639

 

 

100%

 

Average annual total return (in relation to NAV) for the five years ended 10-31-2019

6.61%

Annualized current distribution rate expressed as a percentage of month end NAV as 10-31-2019

9.94%

Cumulative total return (in relation to NAV) for the fiscal year through 10-31-2019

13.80%

Cumulative fiscal year distributions as a percentage of NAV as of 10-31-2019

0.83%

 

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 October 31, 2019, MFS manages US$501.0 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

15668.134

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 November 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