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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 2017: MFS® Charter Income Trust (MCR), MFS® Government Markets Income Trust (MGF), MFS® Intermediate High Income Fund (CIF), MFS® Intermediate Income Trust (MIN), MFS® Multimarket Income Trust (MMT) and MFS® Special Value Trust (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 Trust
Distribution period: February 2017
Distribution amount per share: $ 0.06256

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 $ 0.03484 56% $ 0.10448 56%
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 0.02772     44%     0.08205     44%
Total (per common share) $ 0.06256 100% $ 0.18653 100%
 

Average annual total return (in relation to NAV) for the five years ended 1-31-2017

6.55%

Annualized current distribution rate expressed as a percentage of month end NAV as of 1-31-2017

8.01%

Cumulative total return (in relation to NAV) for the fiscal year through 1-31-2017

2.65%

Cumulative fiscal year distributions as a percentage of NAV as of 1-31-2017

1.99%

 

MFS Government Markets Income Trust
Distribution period: February 2017
Distribution amount per share: $ 0.03211

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 $ 0.01186 37% $ 0.03549 37%
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 0.02025     63%     0.06151     63%
Total (per common share) $ 0.03211 100% $ 0.09700 100%
 

Average annual total return (in relation to NAV) for the five years ended 1-31-2017

1.93%

Annualized current distribution rate expressed as a percentage of month end NAV as of 1-31-2017

7.26%

Cumulative total return (in relation to NAV) for the fiscal year through 1-31-2017

-0.02%

Cumulative fiscal year distributions as a percentage of NAV as of 1-31-2017

1.83%

 

MFS Intermediate High Income Fund
Distribution period: February 2017
Distribution amount per share: $ 0.02248

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 $ 0.01451 65% $ 0.04351 65%
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 0.00797     35%     0.02309     35%
Total (per common share) $ 0.02248 100% $ 0.06660 100%
 

Average annual total return (in relation to NAV) for the five years ended 1-31-2017

8.38%

Annualized current distribution rate expressed as a percentage of month end NAV as of 1-31-2017

9.50%

Cumulative total return (in relation to NAV) for the fiscal year through 1-31-2017

4.27%

Cumulative fiscal year distributions as a percentage of NAV as of 1-31-2017

2.35%

 
 

MFS Intermediate Income Trust
Distribution period: February 2017
Distribution amount per share: $ 0.03305

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 $ 0.00830 25% $ 0.03333 25%
Net Realized ST Cap Gains 0.00000 0% 0.00238 2%
Net Realized LT Cap Gains 0.00763 23% 0.01050 8%
Return of Capital or Other Capital Source 0.01712    

52%

    0.08782    

65%

Total (per common share) $ 0.03305 100% $ 0.13403 100%
 

Average annual total return (in relation to NAV) for the five years ended 1-31-2017

2.90%

Annualized current distribution rate expressed as a percentage of month end NAV as of 1-31-2017

8.53%

Cumulative total return (in relation to NAV) for the fiscal year through 1-31-2017

-0.88%

Cumulative fiscal year distributions as a percentage of NAV as of 1-31-2017

2.88%

 

MFS Multimarket Income Trust
Distribution period: February 2017
Distribution amount per share: $ 0.04464

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 $ 0.02611 58% $ 0.10691 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 0.01853     42%     0.07124     40%
Total (per common share) $ 0.04464 100% $ 0.17815 100%
 

Average annual total return (in relation to NAV) for the five years ended 1-31-2017

6.60%

Annualized current distribution rate expressed as a percentage of month end NAV as of 1-31-2017

8.01%

Cumulative total return (in relation to NAV) for the fiscal year through 1-31-2017

1.31%

Cumulative fiscal year distributions as a percentage of NAV as of 1-31-2017

2.66%

 
 

MFS Special Value Trust
Distribution period: February 2017
Distribution amount per share: $ 0.05003

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 $ 0.01506 30% $ 0.08334 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 0.03497     70%     0.11532     58%
Total (per common share) $ 0.05003 100% $ 0.19866 100%
 

Average annual total return (in relation to NAV) for the five years ended 1-31-2017

8.07%

Annualized current distribution rate expressed as a percentage of month end NAV as of 1-31-2017

9.99%

Cumulative total return (in relation to NAV) for the fiscal year through 1-31-2017

4.39%

Cumulative fiscal year distributions as a percentage of NAV as of 1-31-2017

3.31%

 

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 Management
Established 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 January 31, 2017, MFS manages US$433.9 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 Management
111 Huntington Ave., Boston, MA 02199

15668.101

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