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

BOSTON (September 26, 2016) – MFS Investment Management (MFS) released today the distribution income sources for six of its closed-end funds for September 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: September 2016
Distribution amount per share: $ 0.06328 

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

$ 0.03695

58%

       $ 0.38861

64%

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

0.02633

42%

           0.22048

36%

Total (per common share)

$ 0.06328

100%

       $ 0.60909

100%

 

Average annual total return (in relation to NAV) for the five years ended 8-31-2016

7.18%

Annualized current distribution rate expressed as a percentage of month end NAV as of 8-31-2016

 7.98%

Cumulative total return (in relation to NAV) for the fiscal year through 8-31-2016

10.44%

Cumulative fiscal year distributions as a percentage of NAV as of 8-31-2016

6.40%

 

MFS Government Markets Income Trust
Distribution period: September 2016
Distribution amount per share: $ 0.03410 

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

$ 0.01282

38%

$ 0.13068

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

0.02128

62%

0.21123

62%

Total (per common share)

$ 0.03410

100%

$ 0.34191

100%

 

Average annual total return (in relation to NAV) for the five years ended 8-31-2016

2.97%

Annualized current distribution rate expressed as a percentage of month end NAV as of 8-31-2016

7.28%

Cumulative total return (in relation to NAV) for the fiscal year through 8-31-2016

4.92%

Cumulative fiscal year distributions as a percentage of NAV as of 8-31-2016

6.08%

 

 

MFS Intermediate High Income Fund
Distribution period: September 2016
Distribution amount per share: $ 0.02231 

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

$ 0.01468

66%

$ 0.15791

75%

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

0.00763

34%

0.05296

25%

Total (per common share)

$ 0.02231

100%

$ 0.21087

100%

 

Average annual total return (in relation to NAV) for the five years ended 8-31-2016

8.89%

Annualized current distribution rate expressed as a percentage of month end NAV as of 8-31-2016

9.46%

Cumulative total return (in relation to NAV) for the fiscal year through 8-31-2016

13.37%

Cumulative fiscal year distributions as a percentage of NAV as of 8-31-2016

7.45%

 

 

MFS Intermediate Income Trust
Distribution period: September 2016
Distribution amount per share: $ 0.03472 

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

$ 0.00882

25%

$ 0.09800

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

0.02590

75%

0.28822

75%

Total (per common share)

$ 0.03472

100%

$ 0.38622

100%

 

Average annual total return (in relation to NAV) for the five years ended 8-31-2016

3.47%

Annualized current distribution rate expressed as a percentage of month end NAV as of 8-31-2016

8.52%

Cumulative total return (in relation to NAV) for the fiscal year through 8-31-2016

4.49%

Cumulative fiscal year distributions as a percentage of NAV as of 8-31-2016

7.90%

 

MFS Multimarket Income Trust
Distribution period: September 2016
Distribution amount per share: $ 0.04537                                                           

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

$   0.02672

59%

$ 0.31351

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

0.01865

41%

   0.16901

35%

Total (per common share)

$   0.04537

100%

$ 0.48252

100%

 

Average annual total return (in relation to NAV) for the five years ended 8-31-2016

7.34%

Annualized current distribution rate expressed as a percentage of month end NAV as of 8-31-2016

7.97%

Cumulative total return (in relation to NAV) for the fiscal year through 8-31-2016

8.86%

Cumulative fiscal year distributions as a percentage of NAV as of 8-31-2016

7.06%

 

MFS Special Value Trust
Distribution period: September 2016
Distribution amount per share: $ 0.05043

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

$ 0.01752

35%

$ 0.21050

39%

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

0.03291

65%

0.32457

61%

Total (per common share)

$ 0.05043

100%

$ 0.53507

100%

 

Average annual total return (in relation to NAV) for the five years ended 8-31-2016

8.23%

Annualized current distribution rate expressed as a percentage of month end NAV as of 8-31-2016

10.00%

Cumulative total return (in relation to NAV) for the fiscal year through 8-31-2016

8.68%

Cumulative fiscal year distributions as a percentage of NAV as of 8-31-2016

8.84%

 

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 August 31, 2016, MFS manages US$440.0 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.

Contacts:
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MFS Investment Management:
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Jeffrey Schwarz, 800-343-2829, ext. 55872


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James Aber, 617-954-6154, or Dan Flaherty, 617-954-4256