MFS Investment Management Announces Upcoming Fund Distributions

Monthly Fund Distributions from MFS Investment Management

MFS Investment Management has made a significant announcement regarding the upcoming distributions for several of its closed-end funds. These distributions are scheduled, showcasing the firm's long-standing commitment to delivering value to its investors. The designated declaration dates, ex-dividend dates, record dates, and payment dates reflect the company's consistency in managing its funds efficiently.

Details of the Closed-End Funds

The following closed-end funds will declare their distributions:

MFS Charter Income Trust (NYSE: MCR)

For the MFS Charter Income Trust, the reported distribution amounts are as follows: an income of $0.0000 per share and other sources contributing $0.045430, leading to a total distribution amount of $0.045430 per share.

MFS Government Markets Income Trust (NYSE: MGF)

This fund also reported no income per share, with other sources accounting for $0.019460, resulting in a total distribution of $0.019460 per share.

MFS High Income Municipal Trust (NYSE: CXE)

In contrast, the MFS High Income Municipal Trust has declared an income of $0.0160 per share with no additional sources, culminating in a total of $0.0160 per share.

MFS High Yield Municipal Trust (NYSE: CMU)

The MFS High Yield Municipal Trust reported an income of $0.01450 per share, with no contributions from other sources, also adding up to a total of $0.01450 per share.

Additional Funds Included

Other funds included in the distribution announcement are:

MFS Intermediate High Income Fund (NYSE: CIF)

This fund reported no income per share, but it has other sources generating an amount of $0.014740, leading to a total distribution amount of $0.014740 per share.

MFS Intermediate Income Trust (NYSE: MIN)

The MFS Intermediate Income Trust has reported no income per share, with other sources of $0.019760, totaling $0.019760 per share.

MFS Investment Grade Municipal Trust (NYSE: CXH)

The MFS Investment Grade Municipal Trust has declared an income of $0.02650 per share, with no additional sources, resulting in a total of $0.02650 per share.

MFS Multimarket Income Trust (NYSE: MMT)

This trust announced no income per share but has other sources adding up to $0.033830 per share, yielding a total distribution amount of $0.033830.

MFS Municipal Income Trust (NYSE: MFM)

Finally, the MFS Municipal Income Trust announced an income distribution of $0.02150 with no other sources, bringing the total to $0.02150 per share.

Understanding Managed Distribution Plans

It’s important to note that these funds operate under managed distribution plans. Such plans may lead to distributions of long-term capital gains and/or a return of capital when regular investment income is insufficient to meet monthly distribution levels. This approach helps maintain the distribution amounts, allowing shareholders to receive regular payments despite fluctuations in income.

Impact on Shareholders

Shareholders of these closed-end funds should be aware that distributions not entirely composed of net investment income may influence their overall tax situation. Each fund will provide a notice detailing the exact composition of the distributions, which shareholders should review to understand their potential tax implications.

About MFS Investment Management

Founded in 1924, MFS Investment Management pioneered the first US open-end mutual fund, making strides in the investment industry to provide daily investors access to global markets. Today, MFS operates as a full-service global investment manager, managing approximately US $636.8 billion in assets for a diverse range of clients, including institutional investors and financial advisors. Their commitment to long-term value creation is bolstered by a robust investment process that emphasizes thoughtful risk management and collective expertise.

Company Contact Information

If investors have questions regarding their accounts or wish to make adjustments, they are encouraged to reach out to a financial advisor, brokerage firm, or directly to MFS Investment Management. The company can be contacted at 111 Huntington Ave, Boston, MA 02199 for more information.

Frequently Asked Questions

What are the distribution amounts for MFS funds?

Distribution amounts vary by fund and are detailed for each fund in the announcement, helping investors understand their expected inputs.

What is a managed distribution plan?

A managed distribution plan allows funds to maintain consistent distributions, even if net investment income is low, by distributing capital gains or capital returns.

How do distributions impact taxes?

Distributions could have tax implications, especially those classified as a return of capital, which may affect a shareholder's tax basis.

When will the distributions be made?

The payable date for these distributions is scheduled for January 31, 2025, following the declaration and record dates.

Who should I contact for account changes?

Investors should contact their financial advisors or brokerage firms for account modifications, or reach out to MFS directly if shares are registered with their transfer agent.

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