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

 

BOSTON–(BUSINESS WIRE)–MFS Investment Management® (MFS®) released today the distribution income sources for six of its closed-end funds for February 2024: 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: February 2024

Distribution amount per share: $ 0.04588

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

$ 0.04588

100%

$ 0.10583

78%

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

0.00000

0%

0.02985

22%

Total (per common share)

$ 0.04588

100%

$ 0.13568

100%

Average annual total return (in relation to NAV) for the five years ended 1-31-2024

4.03%

Annualized current distribution rate expressed as a percentage of month end NAV as of 1-31-2024

7.98%

Cumulative total return (in relation to NAV) for the fiscal year through 1-31-2024

4.67%

Cumulative fiscal year distributions as a percentage of NAV as of 1-31-2024

1.97%

MFS Government Markets Income Trust

Distribution period: February 2024

Distribution amount per share: $ 0.02032

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

$ 0.00955

47%

$ 0.02899

48%

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

0.01077

53%

0.03141

52%

Total (per common share)

$ 0.02032

100%

$ 0.06040

100%

Average annual total return (in relation to NAV) for the five years ended 1-31-2024

0.91%

Annualized current distribution rate expressed as a percentage of month end NAV as of 1-31-2024

7.21%

Cumulative total return (in relation to NAV) for the fiscal year through 1-31-2024

3.40%

Cumulative fiscal year distributions as a percentage of NAV as of 1-31-2024

1.79%

MFS Intermediate High-Income Fund

Distribution period: February 2024

Distribution amount per share: $ 0.01484

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

$ 0.00831

56%

$ 0.02185

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

0.00653

44%

0.02185

50%

Total (per common share)

$ 0.01484

100%

$ 0.04370

100%

Average annual total return (in relation to NAV) for the five years ended 1-31-2024

3.81%

Annualized current distribution rate expressed as a percentage of month end NAV as of 1-31-2024

9.47%

Cumulative total return (in relation to NAV) for the fiscal year through 1-31-2024

5.70%

Cumulative fiscal year distributions as a percentage of NAV as of 1-31-2024

2.32%

MFS Intermediate Income Trust

Distribution period: February 2024

Distribution amount per share: $ 0.02055

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

$ 0.00760

37%

$ 0.03089

38%

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

0.01295

63%

0.05041

62%

Total (per common share)

$ 0.02055

100%

$ 0.08130

100%

Average annual total return (in relation to NAV) for the five years ended 1-31-2024

2.40%

Annualized current distribution rate expressed as a percentage of month end NAV as of 1-31-2024

8.47%

Cumulative total return (in relation to NAV) for the fiscal year through 1-31-2024

5.34%

Cumulative fiscal year distributions as a percentage of NAV as of 1-31-2024

2.79%

MFS Multimarket Income Trust

Distribution period: February 2024

Distribution amount per share: $ 0.03371

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

$ 0.02596

77%

$ 0.03396

26%

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

0.00775

23%

0.09665

74%

Total (per common share)

$ 0.03371

100%

$ 0.13061

100%

Average annual total return (in relation to NAV) for the five years ended 1-31-2024

4.85%

Annualized current distribution rate expressed as a percentage of month end NAV as of 1-31-2024

7.96%

Cumulative total return (in relation to NAV) for the fiscal year through 1-31-2024

10.92%

Cumulative fiscal year distributions as a percentage of NAV as of 1-31-2024

2.57%

MFS Special Value Trust

Distribution period: February 2024

Distribution amount per share: $ 0.03671

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

$ 0.01395

38%

$ 0.05018

35%

Net Realized ST Cap Gains

0.00330

9%

0.00430

3%

Net Realized LT Cap Gains

0.01395

38%

0.01864

13%

Return of Capital or Other Capital Source

0.00551

15%

0.07026

49%

Total (per common share)

$ 0.03671

100%

$ 0.14338

100%

Average annual total return (in relation to NAV) for the five years ended 1-31-2024

5.99%

Annualized current distribution rate expressed as a percentage of month end NAV as of 1-31-2024

9.99%

Cumulative total return (in relation to NAV) for the fiscal year through 1-31-2024

9.11%

Cumulative fiscal year distributions as a percentage of NAV as of 1-31-2024

3.25%

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 January 31, 2024, MFS manages US$598.7 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. Shares may trade at a discount to NAV.

MFS Investment Management

111 Huntington Ave., Boston, MA 02199

15668.174

Contacts

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MFS Investment Management:
Shareholders or Advisors (investment product information):

Jeffrey Schwarz, 800-343-2829, ext. 55872

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Dan Flaherty, 617-954-4256