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

BOSTON (November 21, 2016) – MFS Investment Management (MFS) released today the distribution income sources for six of its closed-end funds for November 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: November 2016
Distribution amount per share: $ 0.06309

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

$ 0.03759

60%

       $ 0.46267

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

0.02550

40%

           0.27261

37%

Total (per common share)

$ 0.06309

100%

       $ 0.73528

100%

 

Average annual total return (in relation to NAV) for the five years ended 10-31-2016

6.78%

Annualized current distribution rate expressed as a percentage of month end NAV as of 10-31-2016

 8.06%

Cumulative total return (in relation to NAV) for the fiscal year through 10-31-2016

10.55%

Cumulative fiscal year distributions as a percentage of NAV as of 10-31-2016

7.83%

 

 

MFS Government Markets Income Trust
Distribution period: November 2016
Distribution amount per share: $ 0.03355 

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

$ 0.01226

37%

$ 0.15463

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

0.02129

63%

0.25472

62%

Total (per common share)

$ 0.03355

100%

$ 0.40935

100%

 

Average annual total return (in relation to NAV) for the five years ended 10-31-2016

2.71%

Annualized current distribution rate expressed as a percentage of month end NAV as of 10-31-2016

7.31%

Cumulative total return (in relation to NAV) for the fiscal year through 10-31-2016

4.19%

Cumulative fiscal year distributions as a percentage of NAV as of 10-31-2016

7.43%

 

MFS Intermediate High Income Fund
Distribution period: November 2016
Distribution amount per share: $ 0.02246 

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

$ 0.01467

65%

$ 0.18730

73%

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

0.00779

35%

0.06835

27%

Total (per common share)

$ 0.02246

100%

$ 0.25565

100%

 

Average annual total return (in relation to NAV) for the five years ended 10-31-2016

8.50%

Annualized current distribution rate expressed as a percentage of month end NAV as of 10-31-2016

9.59%

Cumulative total return (in relation to NAV) for the fiscal year through 10-31-2016

14.55%

Cumulative fiscal year distributions as a percentage of NAV as of 10-31-2016

9.10%

 

 

MFS Intermediate Income Trust
Distribution period: November 2016
Distribution amount per share: $ 0.03420 

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

$ 0.00868

25%

$ 0.00868

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

0.02552

75%

0.02552

75%

Total (per common share)

$ 0.03420

100%

$ 0.03420

100%

 

Average annual total return (in relation to NAV) for the five years ended 10-31-2016

3.42%

Annualized current distribution rate expressed as a percentage of month end NAV as of 10-31-2016

8.55%

Cumulative total return (in relation to NAV) for the fiscal year through 10-31-2016

4.15%

Cumulative fiscal year distributions as a percentage of NAV as of 10-31-2016

0.71%

 

 

 

MFS Multimarket Income Trust
Distribution period: November 2016
Distribution amount per share: $ 0.04520                                                           

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

$   0.02749

61%

$ 0.02749

61%

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

0.01771

39%

   0.01771

39%

Total (per common share)

$   0.04520

100%

$ 0.04520

100%

 

Average annual total return (in relation to NAV) for the five years ended 10-31-2016

6.95%

Annualized current distribution rate expressed as a percentage of month end NAV as of 10-31-2016

8.05%

Cumulative total return (in relation to NAV) for the fiscal year through 10-31-2016

9.05%

Cumulative fiscal year distributions as a percentage of NAV as of 10-31-2016

0.67%

 

 

MFS Special Value Trust
Distribution period: November 2016
Distribution amount per share: $ 0.04969 

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

$ 0.01651

33%

$ 0.01651

33%

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

0.03318

67%

0.03318

67%

Total (per common share)

$ 0.04969

100%

$ 0.04969

100%

 

Average annual total return (in relation to NAV) for the five years ended 10-31-2016

7.84%

Annualized current distribution rate expressed as a percentage of month end NAV as of 10-31-2016

10.09%

Cumulative total return (in relation to NAV) for the fiscal year through 10-31-2016

8.07%

Cumulative fiscal year distributions as a percentage of NAV as of 10-31-2016

0.84%

 

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 October 31, 2016, MFS manages US$424.5 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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MFS Investment Management:
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