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

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May 23, 2016 4:15 PM EDT

BOSTON--(BUSINESS WIRE)-- MFS Investment Management® (MFS®) released today the distribution income sources for six of its closed-end funds for May 2016: 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 & Performance > Closed End Funds > Dividend Source Information.

MFS Charter Income TrustDistribution period: May 2016Distribution amount per share: $ 0.06108

 

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 cumulativedistributions for thefiscal year to date

 

% Breakdown ofthe totalcumulative distributions forthe fiscal yearto date

Currentdistribution

% Breakdown ofcurrent distribution

Net Investment Income $ 0.04212 69% $ 0.24026 67%
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 0.01896   31%   0.11974   33%
Total (per common share) $ 0.06108 100% $ 0.36000 100%
 

Average annual total return (in relation to NAV) for the five years ended 4-30-2016

5.63%

Annualized current distribution rate expressed as a percentage of month end NAV as of 4-30-2016

7.92%

Cumulative total return (in relation to NAV) for the fiscal year through 4-30-2016

4.28%

Cumulative fiscal year distributions as a percentage of NAV as of 4-30-2016

3.89%

 

MFS Government Markets Income TrustDistribution period: May 2016Distribution amount per share: $ 0.03428

 
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 cumulativedistributions for thefiscal year to date

% Breakdown ofthe totalcumulative distributionsfor the fiscal yearto date

Currentdistribution

% Breakdown ofcurrent distribution

Net Investment Income $ 0.01311 38% $ 0.07870 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 0.02117   62%   0.12650   62%
Total (per common share) $ 0.03428 100% $ 0.20520 100%
 

Average annual total return (in relation to NAV) for the five years ended 4-30-2016

3.30%

Annualized current distribution rate expressed as a percentage of month end NAV as of 4-30-2016

7.28%

Cumulative total return (in relation to NAV) for the fiscal year through 4-30-2016

2.85%

Cumulative fiscal year distributions as a percentage of NAV as of 4-30-2016

3.63%

 

MFS Intermediate High Income FundDistribution period: May 2016Distribution amount per share: $ 0.02112

 
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 cumulativedistributions for thefiscal year to date

 

% Breakdown ofthe totalcumulative distributionsfor the fiscal yearto date

Currentdistribution

% Breakdown ofcurrent distribution

Net Investment Income $ 0.01720 81% $ 0.09831 79%
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 0.00392   19%   0.02537   21%
Total (per common share) $ 0.02112 100% $ 0.12368 100%
 

Average annual total return (in relation to NAV) for the five years ended 4-30-2016

6.21%

Annualized current distribution rate expressed as a percentage of month end NAV as of 4-30-2016

9.32%

Cumulative total return (in relation to NAV) for the fiscal year through 4-30-2016

5.34%

Cumulative fiscal year distributions as a percentage of NAV as of 4-30-2016

4.55%

 

MFS Intermediate Income TrustDistribution period: May 2016Distribution amount per share: $ 0.03506

 
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 cumulativedistributions for thefiscal year to date

 

% Breakdown ofthe totalcumulative distributionsfor the fiscal yearto date

Currentdistribution

% Breakdown ofcurrent distribution

Net Investment Income $ 0.00894 25% $ 0.06275 25%
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 0.02612   75%   0.18408   75%
Total (per common share) $ 0.03506 100% $ 0.24683 100%
 

Average annual total return (in relation to NAV) for the five years ended 4-30-2016

3.46%

Annualized current distribution rate expressed as a percentage of month end NAV as of 4-30-2016

8.52%

Cumulative total return (in relation to NAV) for the fiscal year through 4-30-2016

2.42%

Cumulative fiscal year distributions as a percentage of NAV as of 4-30-2016

5.00%

 

MFS Multimarket Income TrustDistribution period: May 2016Distribution amount per share: $ 0.04387

 
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 cumulativedistributions for thefiscal year to date

 

% Breakdown ofthe totalcumulative distributionsfor the fiscal yearto date

Currentdistribution

% Breakdown ofcurrent distribution

Net Investment Income $ 0.03082 70% $ 0.20419 67%
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 0.01305   30%   0.09972   33%
Total (per common share) $ 0.04387 100% $ 0.30391 100%
 

Average annual total return (in relation to NAV) for the five years ended 4-30-2016

5.80%

Annualized current distribution rate expressed as a percentage of month end NAV as of 4-30-2016

7.93%

Cumulative total return (in relation to NAV) for the fiscal year through 4-30-2016

2.81%

Cumulative fiscal year distributions as a percentage of NAV as of 4-30-2016

4.58%

 

MFS Special Value TrustDistribution period: May 2016Distribution amount per share: $ 0.04868

 
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 cumulativedistributions for thefiscal year to date

 

% Breakdown ofthe totalcumulative distributionsfor the fiscal yearto date

% Breakdown ofcurrent distribution

Currentdistribution

Net Investment Income $ 0.02191 45% $ 0.14057 42%
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 0.02677   55%   0.19609   58%
Total (per common share) $ 0.04868 100% $ 0.33666 100%
 

Average annual total return (in relation to NAV) for the five years ended 4-30-2016

5.44%

Annualized current distribution rate expressed as a percentage of month end NAV as of 4-30-2016

9.90%

Cumulative total return (in relation to NAV) for the fiscal year through 4-30-2016

2.33%

Cumulative fiscal year distributions as a percentage of NAV as of 4-30-2016

5.71%

 

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 ManagementEstablished in 1924, MFS is an active, global asset manager with investment offices in Boston, Hong Kong, London, Mexico City, São Paulo, Singapore, Sydney, Tokyo and Toronto. We employ a uniquely collaborative approach to build better insights for our clients. Our investment approach has three core elements: integrated research, global collaboration and active risk management. As of April 30, 2016, MFS manages US$423.0 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-MKT for MFS California Municipal Fund). Shares may trade at a discount to NAV.

MFS Investment Management111 Huntington Ave., Boston, MA 02199

15668.92

Computershare Shareholders Services:
Shareholders (account information, quotes):
800-637-2304
or
MFS Investment Management:
Shareholders or Advisors (investment product information):
Jeffrey Schwarz, 800-343-2829, ext. 55872
or
Media Only:
James Aber, 617-954-6154
or
Dan Flaherty, 617-954-4256

Source: MFS Investment Management


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