BOSTON, May 22, 2023--MFS Investment Management® (MFS®) announced today monthly distributions of the following closed-end funds, all with declaration dates of May 1, 2023, ex-dividend dates of May 15, 2023, record dates of May 16, 2023, and payable dates of May 31, 2023:
MFS Global Equity Fund (NYSE: GLE)
MFS Global High Yield Fund (NYSE: GHY)
MFS Intermediate Income Trust (NYSE: MIN)
MFS Multimarket Income Trust (NYSE: MMT)
MFS Municipal Income Trust (NYSE: MFM)
MFS Special Value Trust (NYSE: MFV) The monthly distributions are as follows:
MFS Global Equity Fund: $0.05 per share
MFS Global High Yield Fund: $0.07 per share
MFS Intermediate Income Trust: $0.03 per share
MFS Multimarket Income Trust: $0.04 per share
MFS Municipal Income Trust: $0.02 per share
MFS Special Value Trust: $0.06 per share BOSTON--(BUSINESS WIRE)--MFS Investment Management releases distribution income sources for six closed-end funds for May 2023. The income sources for each fund are as follows:
MFS Global Equity Fund: 50% from net investment income, 50% from long-term capital gains
MFS Global High Yield Fund: 100% from net investment income
MFS Intermediate Income Trust: 100% from net investment income
MFS Multimarket Income Trust: 100% from net investment income
MFS Municipal Income Trust: 100% from net investment income
MFS Special Value Trust: 100% from long-term capital gains MFS Investment Management has hired Jeri Savage as a retirement lead strategist, the company announced in a press release. Savage will be responsible for developing and delivering retirement income strategies for MFS clients.
Global investment manager MFS Investment Management® (MFS®) is announcing the opening of a new office in Montevideo, Uruguay, according to a press release. The office will be led by Maria Delgado, who will serve as country head for Uruguay.
The Securities and Exchange Board of India (SEBI) has mandated that all mutual funds must adopt the total return index (TRI) as the benchmark for all schemes. This move will make mutual fund schemes more attractive to investors, but it will put large asset managers at a disadvantage.
MFS Multimarket Income Trust (NYSE:MMT) announced a monthly dividend on Friday, June 2nd. Stockholders of record on Wednesday, June 14th will be given a dividend of $0.04 per share on Friday, June 30th.
Pilar Gomez-Bravo and Alexander Mackey were appointed co-chief investment officers for MFS Investment Management's fixed-income unit. Gomez-Bravo and Mackey will be responsible for overseeing all aspects of the fixed-income investment process.
Fixed income investments have been out of favor in recent years, but MFS Investment Management believes that value has been restored to fixed income after more than a decade. Now may be a good time for investors to assess their allocations to fixed income.
According to data from MFS, plan sponsors may need to bolster participant education for how target-date funds work. Many participants are not aware of the risks associated with target-date funds, and plan sponsors may need to do more to educate them.
This article provides information on MFS Investment Management's monthly distributions for closed-end funds, as well as the income sources for each fund. It also announces a new hire for the company and the opening of a new office in Uruguay. The article discusses the SEBI's mandate for mutual funds to adopt the total return index as their benchmark and the appointment of co-chief investment officers for MFS's fixed-income unit. Additionally, it explores the restoration of value to fixed income and the need for plan sponsors to educate participants on target-date funds. This article would be classified as research, as it provides detailed information on various aspects of MFS Investment Management.
