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

BOSTON (January 25, 2016) – MFS Investment Management (MFS) released today the distribution income sources for six of its closed-end funds for January 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: January 2016
Distribution amount per share: $ 0.06012

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

$ 0.03962

66%

       $ 0.07923

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

0.02050

34%

0.04280

35%

Total (per common share)

$ 0.06012

100%

     $ 0.12203

100%

 

Average annual total return (in relation to NAV) for the five years ended 12-31-2015

5.28%

Annualized current distribution rate expressed as a percentage of month end NAV as of 12-31-2015

8.04%

Cumulative total return (in relation to NAV) for the fiscal year through 12-31-2015

-1.81 %

Cumulative fiscal year distributions as a percentage of NAV as of 12-31-2015

1.36 %

 

MFS Government Markets Income Trust
Distribution period: January 2016
Distribution amount per share: $ 0.03408

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

$ 0.01291

38%

$ 0.02582

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%

0.04257

62%

Total (per common share)

$ 0.03408

100%

$ 0.06839

100%

 

Average annual total return (in relation to NAV) for the five years ended 12-31-2015

2.99%

Annualized current distribution rate expressed as a percentage of month end NAV as of 12-31-2015

7.29%

Cumulative total return (in relation to NAV) for the fiscal year through 12-31-2015

-0.42 %

Cumulative fiscal year distributions as a percentage of NAV as of 12-31-2015

1.22%

 

MFS Intermediate High Income Fund
Distribution period: January 2016
Distribution amount per share: $ 0.02071 

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

$ 0.01623

78%

$ 0.03247

76%

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

0.00448

22%

0.01002

24%

Total (per common share)

$ 0.02071

100%

$ 0.04249

100%

 

Average annual total return (in relation to NAV) for the five years ended 12-31-2015

5.94%

Annualized current distribution rate expressed as a percentage of month end NAV as of 12-31-2015

9.60%

Cumulative total return (in relation to NAV) for the fiscal year through 12-31-2015

-3.16%

Cumulative fiscal year distributions as a percentage of NAV as of 12-31-2015

1.64%

 

 

 

MFS Intermediate Income Trust
Distribution period: January 2016
Distribution amount per share: $ 0.03524 

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

$ 0.00906

26%

$ 0.02718

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

74%

0.07951

75%

Total (per common share)

$ 0.03524

100%

$ 0.10669

100%

 

Average annual total return (in relation to NAV) for the five years ended 12-31-2015

3.24%

Annualized current distribution rate expressed as a percentage of month end NAV as of 12-31-2015

8.54%

Cumulative total return (in relation to NAV) for the fiscal year through 12-31-2015

-0.44%

Cumulative fiscal year distributions as a percentage of NAV as of 12-31-2015

2.16%

 

 

MFS Multimarket Income Trust
Distribution period: January 2016
Distribution amount per share: $ 0.04329                                                           

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

$   0.02838

66%

$ 0.08536

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

0.01491

34%

   0.04727

36%

Total (per common share)

$   0.04329

100%

$ 0.13263

100%

 

Average annual total return (in relation to NAV) for the five years ended 12-31-2015

5.53%

Annualized current distribution rate expressed as a percentage of month end NAV as of 12-31-2015

8.04%

Cumulative total return (in relation to NAV) for the fiscal year through 12-31-2015

-2.90%

Cumulative fiscal year distributions as a percentage of NAV as of 12-31-2015

2.05%

 

 

MFS Special Value Trust
Distribution period: January 2016
Distribution amount per share: $ 0.04820 

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

$ 0.01929

40%

$ 0.05898

40%

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

0.02891

60%

0.08933

60%

Total (per common share)

$ 0.04820

100%

$ 0.14831

100%

 

Average annual total return (in relation to NAV) for the five years ended 12-31-2015

5.41%

Annualized current distribution rate expressed as a percentage of month end NAV as of 12-31-2015

10.08%

Cumulative total return (in relation to NAV) for the fiscal year through 12-31-2015

-3.96%

Cumulative fiscal year distributions as a percentage of NAV as of 12-31-2015

2.58%

 

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 December 31, 2015, MFS manages US$413.2 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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Shareholders (account information, quotes): 800-637-2304

MFS Investment Management
Shareholders or Advisors (investment product information):
Eric Zubris, 800-343-2829, ext. 56152

Media Only:
James Aber, 617-954-6154, or Dan Flaherty, 617-954