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Press release content from Business Wire. The AP news staff was not involved in its creation.
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Press release content from Business Wire. The AP news staff was not involved in its creation.

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

November 22, 2021 GMT

BOSTON--(BUSINESS WIRE)--Nov 22, 2021--

MFS Investment Management ® (MFS ® ) released today the distribution income sources for six of its closed-end funds for November 2021: 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 2021

Distribution amount per share: $ 0.05642

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.

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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

$ 0.02539

45%

$ 0.45989

66%

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

0.03103

55%

0.23692

34%

Total (per common share)

$ 0.05642

100%

$ 0.69681

100%

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Average annual total return (in relation to NAV) for the five years ended 10-31-2021

6.63%

Annualized current distribution rate expressed as a percentage of month end NAV as of 10-31-2021

8.03%

Cumulative total return (in relation to NAV) for the fiscal year through 10-31-2021

1.88%

Cumulative fiscal year distributions as a percentage of NAV as of 10-31-2021

8.27%

MFS Government Markets Income Trust

Distribution period: November 2021

Distribution amount per share: $ 0.02644

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

$ 0.00502

19%

$ 0.08909

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

0.02142

81%

0.24086

73%

Total (per common share)

$ 0.02644

100%

$ 0.32995

100%

Average annual total return (in relation to NAV) for the five years ended 10-31-2021

2.99%

Annualized current distribution rate expressed as a percentage of month end NAV as of 10-31-2021

7.26%

Cumulative total return (in relation to NAV) for the fiscal year through 10-31-2021

-1.48%

Cumulative fiscal year distributions as a percentage of NAV as of 10-31-2021

7.55%

MFS Intermediate High-Income Fund

Distribution period: November 2021

Distribution amount per share: $ 0.01892

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

$ 0.01135

60%

$ 0.13950

60%

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

0.00757

40%

0.09300

40%

Total (per common share)

$ 0.01892

100%

$ 0.23250

100%

Average annual total return (in relation to NAV) for the five years ended 10-31-2021

6.40%

Annualized current distribution rate expressed as a percentage of month end NAV as of 10-31-2021

9.54%

Cumulative total return (in relation to NAV) for the fiscal year through 10-31-2021

4.19%

Cumulative fiscal year distributions as a percentage of NAV as of 10-31-2021

9.77%

MFS Intermediate Income Trust

Distribution period: November 2021

Distribution amount per share: $ 0.02589

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

$ 0.00673

26%

$ 0.00673

26%

Net Realized ST Cap Gains

0.00000

0%

0.00000

0%

Net Realized LT Cap Gains

0.00259

10%

0.00259

10%

Return of Capital or Other Capital Source

0.01657

64%

0.01657

64%

Total (per common share)

$ 0.02589

100%

$ 0.02589

100%

Average annual total return (in relation to NAV) for the five years ended 10-31-2021

3.54%

Annualized current distribution rate expressed as a percentage of month end NAV as of 10-31-2021

8.54%

Cumulative total return (in relation to NAV) for the fiscal year through 10-31-2021

0.54%

Cumulative fiscal year distributions as a percentage of NAV as of 10-31-2021

0.71%

MFS Multimarket Income Trust

Distribution period: November 2021

Distribution amount per share: $ 0.04094

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

$ 0.02415

59%

$ 0.02415

59%

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

0.01679

41%

0.01679

41%

Total (per common share)

$ 0.04094

100%

$ 0.04094

100%

Average annual total return (in relation to NAV) for the five years ended 10-31-2021

6.86%

Annualized current distribution rate expressed as a percentage of month end NAV as of 10-31-2021

8.03%

Cumulative total return (in relation to NAV) for the fiscal year through 10-31-2021

7.18%

Cumulative fiscal year distributions as a percentage of NAV as of 10-31-2021

0.67%

MFS Special Value Trust

Distribution period: November 2021

Distribution amount per share: $ 0.04578

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

$ 0.01145

25%

$ 0.01145

25%

Net Realized ST Cap Gains

0.00000

0%

0.00000

0%

Net Realized LT Cap Gains

0.01577

34%

0.01577

34%

Return of Capital or Other Capital Source

0.01876

41%

0.01876

41%

Total (per common share)

$ 0.04578

100%

$ 0.04578

100%

 

Average annual total return (in relation to NAV) for the five years ended 10-31-2021

8.71%

Annualized current distribution rate expressed as a percentage of month end NAV as 10-31-2021

9.97%

Cumulative total return (in relation to NAV) for the fiscal year through 10-31-2021

17.13%

Cumulative fiscal year distributions as a percentage of NAV as of 10-31-2021

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 monthly, the fund will distribute long-term capital gains and/or return of capital 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 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, 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, 2021, MFS manages US$684.3 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

15668.158

View source version on businesswire.com:https://www.businesswire.com/news/home/20211122005058/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 2021.

PUB: 11/22/2021 04:10 PM/DISC: 11/22/2021 04:11 PM

http://www.businesswire.com/news/home/20211122005058/en