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

BOSTON (July 24, 2017) – MFS Investment Management® (MFS®) released today the distribution income sources for six of its closed-end funds for July 2017: 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).

 

MFS Charter Income Trust
Distribution period: July 2017
Distribution amount per share: $ 0.06281

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

$ 0.03173

51%

       $ 0.26658

53%

Net Realized ST Cap Gains

0.00000

0%

0.00000

4%

Net Realized LT Cap Gains

0.00000

0%

0.00000

0%

Return of Capital or Other Capital Source

0.03108

49%

           0.23338

47%

Total (per common share)

$ 0.06281

100%

       $ 0.49996

100%

 

Average annual total return (in relation to NAV) for the five years ended 6-30-2017

6.52%

Annualized current distribution rate expressed as a percentage of month end NAV as of 6-30-2017

 8.04%

Cumulative total return (in relation to NAV) for the fiscal year through 6-30-2017

     6.40%

Cumulative fiscal year distributions as a percentage of NAV as of 6-30-2017

5.34%

 

 

MFS Government Markets Income Trust
Distribution period: July 2017
Distribution amount per share: $ 0.03173

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

$ 0.01143

36%

$ 0.09356

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

0.02030

64%

0.16237

63%

Total (per common share)

$ 0.03173

100%

$ 0.25593

100%

 

Average annual total return (in relation to NAV) for the five years ended 6-30-2017

1.84%

Annualized current distribution rate expressed as a percentage of month end NAV as of 6-30-2017

7.31%

Cumulative total return (in relation to NAV) for the fiscal year through 6-30-2017

1.84%

Cumulative fiscal year distributions as a percentage of NAV as of 6-30-2017

4.91%

 

MFS Intermediate High Income Fund
Distribution period: July 2017
Distribution amount per share: $ 0.02259

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

$ 0.01330

59%

$ 0.11249

63%

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

0.00929

41%

0.06690

37%

Total (per common share)

$ 0.02259

100%

$ 0.17939

100%

 

Average annual total return (in relation to NAV) for the five years ended 6-30-2017

8.34%

Annualized current distribution rate expressed as a percentage of month end NAV as of 6-30-2017

9.55%

Cumulative total return (in relation to NAV) for the fiscal year through 6-30-2017

8.68%

Cumulative fiscal year distributions as a percentage of NAV as of 6-30-2017

6.32%

 

 

MFS Intermediate Income Trust
Distribution period: July 2017
Distribution amount per share: $ 0.03247

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

$ 0.00771

24%

$ 0.07218

24%

Net Realized ST Cap Gains

0.00000

0%

0.00000

0%

Net Realized LT Cap Gains

0.00373

11%

0.02211

7%

Return of Capital or Other Capital Source

0.02103

65%

0.20305

69%

Total (per common share)

$ 0.03247

100%

$ 0.29734

100%

 

Average annual total return (in relation to NAV) for the five years ended 6-30-2017

2.87%

Annualized current distribution rate expressed as a percentage of month end NAV as of 6-30-2017

8.54%

Cumulative total return (in relation to NAV) for the fiscal year through 6-30-2017

0.93%

Cumulative fiscal year distributions as a percentage of NAV as of 6-30-2017

6.52%

 

 

MFS Multimarket Income Trust
Distribution period: July 2017
Distribution amount per share: $ 0.04490

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

$   0.02371

53%

$ 0.22677

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

0.02119

47%

   0.17530

44%

Total (per common share)

$   0.04490

100%

$ 0.40207

100%

 

Average annual total return (in relation to NAV) for the five years ended 6-30-2017

6.50%

Annualized current distribution rate expressed as a percentage of month end NAV as of 6-30-2017

8.03%

Cumulative total return (in relation to NAV) for the fiscal year through 6-30-2017

5.48%

Cumulative fiscal year distributions as a percentage of NAV as of 6-30-2017

5.99%

 

 

MFS Special Value Trust
Distribution period: July 2017
Distribution amount per share: $ 0.05044

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

$ 0.01437

28%

$ 0.16186

36%

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

0.03607

72%

0.28845

64%

Total (per common share)

$ 0.05044

100%

$ 0.45031

100%

 

Average annual total return (in relation to NAV) for the five years ended 6-30-2017

8.44%

Annualized current distribution rate expressed as a percentage of month end NAV as of 6-30-2017

10.02%

Cumulative total return (in relation to NAV) for the fiscal year through 6-30-2017

9.40%

Cumulative fiscal year distributions as a percentage of NAV as of 6-30-2017

7.46%

 

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 June 30, 2017, MFS manages US $462.1 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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