MFS Investment Management Announces New Monthly Fund Distributions
MFS Investment Management Unveils Monthly Fund Distributions
MFS Investment Management has recently announced the monthly distributions for its closed-end funds. This announcement is essential for investors interested in the distribution details, especially as it outlines the amounts and dates for upcoming payments.
Details of Upcoming Distributions
The declaration dates for these distributions are set for the first of each month, with ex-dividend dates approximately two weeks later. Shareholders can expect their payments by the end of the month. MFS offers a variety of funds, each with specialized portfolios aimed at catering to diverse investor needs.
Distribution Breakdown
Listed below are some of the key funds and their anticipated distributions:
- MFS Charter Income Trust (NYSE: MCR)
Income: $0.0000 / Other Sources: $0.046560 / Total Amount: $0.046560 - MFS Government Markets Income Trust (NYSE: MGF)
Income: $0.0000 / Other Sources: $0.02040 / Total Amount: $0.02040 - MFS High Income Municipal Trust (NYSE: CXE)
Income: $0.0160 / Other Sources: $0.0000 / Total Amount: $0.0160 - MFS High Yield Municipal Trust (NYSE: CMU)
Income: $0.01450 / Other Sources: $0.0000 / Total Amount: $0.01450 - MFS Intermediate High Income Fund (NYSE: CIF)
Income: $0.0000 / Other Sources: $0.015010 / Total Amount: $0.015010 - MFS Intermediate Income Trust (NYSE: MIN)
Income: $0.0000 / Other Sources: $0.020420 / Total Amount: $0.020420 - MFS Investment Grade Municipal Trust (NYSE: CXH)
Income: $0.02650 / Other Sources: $0.0000 / Total Amount: $0.02650 - MFS Multimarket Income Trust (NYSE: MMT)
Income: $0.0000 / Other Sources: $0.034560 / Total Amount: $0.034560 - MFS Municipal Income Trust (NYSE: MFM)
Income: $0.02150 / Other Sources: $0.0000 / Total Amount: $0.02150
Understanding Managed Distribution Plans
It’s important to note that some of these funds operate under managed distribution plans. Such plans allow funds to maintain consistent distribution levels, even when investment income isn't sufficient. This can include distributions from long-term capital gains or return of capital. Investors should not solely rely on distribution amounts as indicators of the fund’s investment performance.
Risks and Considerations
Amendments or terminations to these plans can occur, which may negatively affect market prices. Investors are encouraged to stay informed through periodic notices provided by the fund, detailing the amounts and sources of distributions. This transparency can aid shareholders in understanding their investment yields and tax obligations.
Investor Resources
For those wanting to make changes to their accounts or seeking more information, contacting financial advisors or the fund's transfer agent is advised. Additionally, MFS provides valuable information about their funds and investments via their website, ensuring that shareholders have access to up-to-date resources.
About MFS Investment Management
MFS Investment Management has been a pioneering force since 1924 when it launched the first US open-end mutual fund. The firm continues to empower both individual and institutional investors through responsible capital allocation and a commitment to long-term value creation. MFS employs a robust investment strategy that emphasizes collaboration among diverse financial experts, working collectively to identify the best market opportunities. Currently, MFS manages a substantial portfolio, with assets totaling approximately US $638.6 billion, confirming its strong presence in the global investment landscape.
Office Details:
MFS Investment Management
111 Huntington Ave, Boston, MA 02199
Frequently Asked Questions
What is the purpose of MFS's monthly distributions?
The monthly distributions serve to provide returns to shareholders and to maintain liquidity for investors.
What are managed distribution plans?
Managed distribution plans ensure consistent monthly payments to shareholders, which may include returns of capital or capital gains.
How do I find more information about MFS funds?
Investors can visit MFS’s official website for comprehensive details about all funds and distribution announcements.
What should I consider when reviewing fund distributions?
Investors should evaluate the sustainability of distributions and understand the implications of capital returns on their investments.
How can I contact MFS regarding my investments?
Investors can reach MFS directly or contact their financial advisor to make any necessary changes.
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