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

December 18, 2019 GMT

BOSTON--(BUSINESS WIRE)--Dec 18, 2019--

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: December 2019
Distribution amount per share: $ 0.05963

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 1 st. 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

$ 0.02991

50%

$ 0.02991

50%

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

0.02972

50%

0.02972

50%

Total (per common share)

$ 0.05963

100%

$ 0.05963

100%

Average annual total return (in relation to NAV) for the five years ended 11-30-2019

 

6.49%

Annualized current distribution rate expressed as a percentage of month end NAV as of 11-30-2019

 

8.00%

Cumulative total return (in relation to NAV) for the fiscal year through 11-30-2019

 

15.54%

Cumulative fiscal year distributions as a percentage of NAV as of 11-30-2019

 

0.67%

MFS Government Markets Income Trust
Distribution period: December 2019
Distribution amount per share: $ 0.02868

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 1 st. 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%

$ 0.00871

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

0.01997

70%

0.01997

70%

Total (per common share)

$ 0.02868

100%

$ 0.02868

100%

Average annual total return (in relation to NAV) for the five years ended 11-30-2019

 

2.79%

Annualized current distribution rate expressed as a percentage of month end NAV as of 11-30-2019

 

7.18%

Cumulative total return (in relation to NAV) for the fiscal year through 11-30-2019

 

10.13%

Cumulative fiscal year distributions as a percentage of NAV as of 11-30-2019

 

0.60%

MFS Intermediate High Income Fund
Distribution period: December 2019
Distribution amount per share: $ 0.02026

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 1 st. 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

$ 0.01176

58%

$ 0.01176

58%

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

0.00850

42%

0.00850

42%

Total (per common share)

$ 0.02026

100%

$ 0.02026

100%

Average annual total return (in relation to NAV) for the five years ended 11-30-2019

 

6.33%

Annualized current distribution rate expressed as a percentage of month end NAV as of 11-30-2019

 

9.50%

Cumulative total return (in relation to NAV) for the fiscal year through 11-30-2019

 

14.52%

Cumulative fiscal year distributions as a percentage of NAV as of 11-30-2019

 

0.79%

MFS Intermediate Income Trust
Distribution period: December 2019
Distribution amount per share: $ 0.02841

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 1 st. 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

$ 0.00819

29%

$ 0.01638

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

0.02022

71%

0.04067

71%

Total (per common share)

$ 0.02841

100%

$ 0.05705

100%

Average annual total return (in relation to NAV) for the five years ended 11-30-2019

 

3.20%

Annualized current distribution rate expressed as a percentage of month end NAV as of 11-30-2019

 

8.50%

Cumulative total return (in relation to NAV) for the fiscal year through 11-30-2019

 

0.01%

Cumulative fiscal year distributions as a percentage of NAV as of 11-30-2019

 

1.42%

MFS Multimarket Income Trust
Distribution period: December 2019
Distribution amount per share: $ 0.04231

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 1 st. 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

$ 0.02327

55%

$ 0.04654

55%

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

0.01904

45%

0.03821

45%

Total (per common share)

$ 0.04231

100%

$ 0.08475

100%

Average annual total return (in relation to NAV) for the five years ended 11-30-2019

 

6.18%

Annualized current distribution rate expressed as a percentage of month end NAV as of 11-30-2019

 

8.00%

Cumulative total return (in relation to NAV) for the fiscal year through 11-30-2019

 

0.22%

Cumulative fiscal year distributions as a percentage of NAV as of 11-30-2019

 

1.33%

MFS Special Value Trust
Distribution period: December 2019
Distribution amount per share: $ 0.04680

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 1 st. 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

$ 0.01348

29%

$ 0.02699

29%

Net Realized ST Cap Gains

0.00608

13%

0.00608

7%

Net Realized LT Cap Gains

0.01368

29%

0.01368

15%

Return of Capital or Other Capital Source

0.01356

29%

0.04644

49%

Total (per common share)

$ 0.04680

100%

$ 0.09319

100%

Average annual total return (in relation to NAV) for the five years ended 11-30-2019

 

6.79%

Annualized current distribution rate expressed as a percentage of month end NAV as 11-30-2019

 

9.96%

Cumulative total return (in relation to NAV) for the fiscal year through 11-30-2019

 

1.47%

Cumulative fiscal year distributions as a percentage of NAV as of 11-30-2019

 

1.65%

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 November 30, 2019, MFS manages US$513.4 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 American for MFS California Municipal Fund). Shares may trade at a discount to NAV.

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

15668.135

View source version on businesswire.com:https://www.businesswire.com/news/home/20191218005547/en/

CONTACT: Computershare Shareholders Services:

Shareholders (account information, quotes): 800-637-2304MFS Investment Management:

Shareholders or Advisors (investment product information):

Jeffrey Schwarz, 800-343-2829, ext. 55872Media Only:

Dan Flaherty, 617-954-4256

KEYWORD: MASSACHUSETTS UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE

SOURCE: MFS Investment Management

Copyright Business Wire 2019.

PUB: 12/18/2019 04:15 PM/DISC: 12/18/2019 04:15 PM

http://www.businesswire.com/news/home/20191218005547/en