TMCnet News

MFS Releases Closed-End Fund Income Distribution Sources for Certain Funds
[September 24, 2018]

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


MFS Investment Management® (MFS®) released today the distribution income sources for six of its closed-end funds for September 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 & Strategies > Closed End Funds > Dividend Source (News - Alert) Information.

MFS Charter Income Trust
Distribution period: September 2018
Distribution amount per share: $ 0.05838

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 $ 0.03105 53% $ 0.29429 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 0.02733     47%     0.30379     51%
Total (per common share) $ 0.05838 100% $ 0.59808 100%
 

Average annual total return (in relation to NAV) for the five years ended 08-31-2018     5.81%
Annualized current distribution rate expressed as a percentage of month end NAV as of 08-31-2018 8.00%
Cumulative total return (in relation to NAV) for the fiscal year through 08-31-2018 1.08%
Cumulative fiscal year distributions as a percentage of NAV as of 08-31-2018 6.83%
 

MFS Government Markets Income Trust
Distribution period: September 2018
Distribution amount per share: $ 0.02886

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 $ 0.01052 36% $ 0.10473 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 0.01834     64%     0.19187     65%
Total (per common share) $ 0.02886 100% $ 0.29660 100%
   
Average annual total return (in relation to NAV) for the five years ended 08-31-2018 2.32%
Annualized current distribution rate expressed as a percentage of month end NAV as of 08-31-2018 7.26%
Cumulative total return (in relation to NAV) for the fiscal year through 08-31-2018 -0.49%
Cumulative fiscal year distributions as a percentage of NAV as of 08-31-2018 6.22%
 

MFS Intermediate High Income Fund
Distribution period: September 2018
Distribution amount per share: $ 0.02057

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 $ 0.01196 58% $ 0.12099 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 0.00861     42%     0.09086     43%
Total (per common share) $ 0.02057 100% $ 0.21185 100%
   
Average annual total return (in relation to NAV) for the five years ended 08-31-2018 6.28%
Annualized current distribution rate expressed as a percentage of month end NAV as of 08-31-2018 9.49%
Cumulative total return (in relation to NAV) for the fiscal year through 08-31-2018 0.15%
Cumulative fiscal year distributions as a percentage of NAV as of 08-31-2018 8.15%
 

MFS Intermediate Income Trust
Distribution period: September 2018
Distribution amount per share: $ 0.02921

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 $ 0.00869 30% $ 0.08924 27%
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 0.02052     70%     0.24379     73%
Total (per common share) $ 0.02921 100% $ 0.33303 100%
   
Average annual total return (in relation to NAV) for the five years ended 08-31-2018 2.55%
Annualized current distribution rate expressed as a percentage of month end NAV as of 08-31-2018 8.51%
Cumulative total return (in relation to NAV) for the fiscal year through 08-31-2018 -0.25%
Cumulative fiscal year distributions as a percentage of NAV as of 08-31-2018 8.08%
 

MFS Multimarket Income Trust
Distribution period: September 2018
Distribution amount per share: $ 0.04160

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 $ 0.02084 50% $ 0.23066 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 0.02076     50%     0.24053     51%
Total (per common share) $ 0.04160 100% $ 0.47119 100%
   
Average annual total return (in relation to NAV) for the five years ended 08-31-2018 5.74%
Annualized current distribution rate expressed as a percentage of month end NAV as of 08-31-2018 8.00%
Cumulative total return (in relation to NAV) for the fiscal year through 08-31-2018 0.71%
Cumulative fiscal year distributions as a percentage of NAV as of 08-31-2018 7.55%
 

MFS Special Value Trust
Distribution period: September 2018
Distribution amount per share: $ 0.04733

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% $ 0.14807 28%
Net Realized ST Cap Gains 0.00000 0% 0.00000 0%
Net Realized LT Cap Gains 0.00000 0% 0.09226 17%
Return of Capital or Other Capital Source 0.03294     70%     0.29437     55%
Total (per common share) $ 0.04733 100% $ 0.53470 100%
   
Average annual total return (in relation to NAV) for the five years ended 08-31-2018 6.66%
Annualized current distribution rate expressed as a percentage of month end NAV as of 08-31-2018 9.98%
Cumulative total return (in relation to NAV) for the fiscal year through 08-31-2018 2.56%
Cumulative fiscal year distributions as a percentage of NAV as of 08-31-2018 9.40%
 

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 August 31, 2018, MFS manages US $486.5 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-MKT for MFS California Municipal Fund). Shares may trade at a discount to NAV.

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

15668.120


[ Back To TMCnet.com's Homepage ]