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

BOSTON (June 27, 2016) – MFS Investment Management (MFS) released today the distribution income sources for six of its closed-end funds for June 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 Trust
Distribution period: June 2016
Distribution amount per share: $ 0.06139

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

$ 0.03974

65%

       $ 0.27761

66%

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

0.02165

35%

           0.14378

34%

Total (per common share)

$ 0.06139

100%

       $ 0.42139

100%

 

Average annual total return (in relation to NAV) for the five years ended 5-31-2016

5.61%

Annualized current distribution rate expressed as a percentage of month end NAV as of 5-31-2016

7.98%

Cumulative total return (in relation to NAV) for the fiscal year through 5-31-2016

4.81%

Cumulative fiscal year distributions as a percentage of NAV as of 5-31-2016

4.57%

 

MFS Government Markets Income Trust
Distribution period: June 2016
Distribution amount per share: $ 0.03411

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

$ 0.01314

39%

$ 0.09188

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

0.02097

61%

0.14743

62%

Total (per common share)

$ 0.03411

100%

$ 0.23931

100%

 

Average annual total return (in relation to NAV) for the five years ended 5-31-2016

3.08%

Annualized current distribution rate expressed as a percentage of month end NAV as of 5-31-2016

7.28%

Cumulative total return (in relation to NAV) for the fiscal year through 5-31-2016

2.96%

Cumulative fiscal year distributions as a percentage of NAV as of 5-31-2016

4.26%

 

MFS Intermediate High Income Fund
Distribution period: June 2016
Distribution amount per share: $ 0.02137

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

$ 0.01622

76%

$ 0.11356

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

0.00515

24%

0.03149

22%

Total (per common share)

$ 0.02137

100%

$ 0.14505

100%

 

Average annual total return (in relation to NAV) for the five years ended 5-31-2016

6.16 %

Annualized current distribution rate expressed as a percentage of month end NAV as of 5-31-2016

9.46%

Cumulative total return (in relation to NAV) for the fiscal year through 5-31-2016

5.84%

Cumulative fiscal year distributions as a percentage of NAV as of 5-31-2016

5.35%

 

MFS Intermediate Income Trust
Distribution period: June 2016
Distribution amount per share: $ 0.03490

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

$ 0.00872

25%

$ 0.07125

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

0.02618

75%

0.21048

75%

Total (per common share)

$ 0.03490

100%

$ 0.28173

100%

 

Average annual total return (in relation to NAV) for the five years ended 5-31-2016

3.31%

Annualized current distribution rate expressed as a percentage of month end NAV as of 5-31-2016

8.53%

Cumulative total return (in relation to NAV) for the fiscal year through 5-31-2016

2.58%

Cumulative fiscal year distributions as a percentage of NAV as of 5-31-2016

5.74%

 

MFS Multimarket Income Trust
Distribution period: June 2016
Distribution amount per share: $ 0.04404                                                          

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

$   0.02911

66%

$ 0.23159

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

0.01493

34%

   0.11636

33%

Total (per common share)

$   0.04404

100%

$ 0.34795

100%

 

Average annual total return (in relation to NAV) for the five years ended 5-31-2016

5.72%

Annualized current distribution rate expressed as a percentage of month end NAV as of 5-31-2016

8.00%

Cumulative total return (in relation to NAV) for the fiscal year through 5-31-2016

3.11%

Cumulative fiscal year distributions as a percentage of NAV as of 5-31-2016

5.26%

 

MFS Special Value Trust
Distribution period: June 2016
Distribution amount per share: $ 0.04891

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

$ 0.01950

40%

$ 0.15766

41%

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

0.02941

60%

0.22791

59%

Total (per common share)

$ 0.04891

100%

$ 0.38557

100%

 

Average annual total return (in relation to NAV) for the five years ended 5-31-2016

5.66%

Annualized current distribution rate expressed as a percentage of month end NAV as of 5-31-2016

9.95%

Cumulative total return (in relation to NAV) for the fiscal year through 5-31-2016

3.25%

Cumulative fiscal year distributions as a percentage of NAV as of 5-31-2016

6.54%

 

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 May 31, 2016, MFS manages US$427.6 billion in assets on behalf of individual and institutional investors worldwide.

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.

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