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

Dow Jones
26 Nov 2024

Distribution amount per share: $ 0.03418

 
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 1(st) . All 
amounts are expressed per common share. 
 
 
                                                                  % Breakdown 
                                                      Total      of the total 
                                                   cumulative     cumulative 
                                                  distributions  distributions 
                                    % Breakdown      for the        for the 
                        Current      of current    fiscal year    fiscal year 
                      distribution  distribution     to date        to date 
Net Investment 
 Income                $ 0.03418        100%        $ 0.03418        100% 
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                 0.00000          0%          0.00000          0% 
                     -------------  ------------  -------------  ------------- 
Total (per common 
 share)                $ 0.03418        100%        $ 0.03418        100% 
 
 
Average annual total return (in relation to NAV) for the five years 
 ended 10-31-2024                                                       4.02% 
Annualized current distribution rate expressed as a percentage of 
 month end NAV as of 10-31-2024                                         8.07% 
Cumulative total return (in relation to NAV) for the fiscal year 
 through 10-31-2024                                                     18.73% 
Cumulative fiscal year distributions as a percentage of NAV as of 
 10-31-2024                                                             0.67% 
 

The above funds have adopted a managed distribution plan. Under a managed distribution plan, to the extent that sufficient investment income is not available monthly, the fund will distribute long-term capital gains and/or return of capital 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 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, 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

In 1924, MFS launched the first US open-end mutual fund, opening the door to the markets for millions of everyday investors. Today, as a full-service global investment manager serving financial advisors, intermediaries and institutional clients, MFS still serves a single purpose: to create long-term value for clients by allocating capital responsibly. That takes our powerful investment approach combining collective expertise, thoughtful risk management and long-term discipline. Supported by our culture of shared values and collaboration, our teams of diverse thinkers actively debate ideas and assess material risks to uncover what we believe are the best investment opportunities in the market. As of October 31, 2024, MFS manages US$626.4 billion in assets on behalf of individual and institutional investors worldwide. Please visit mfs.com for more information.

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. Shares may trade at a discount to NAV.

MFS Investment Management

111 Huntington Ave., Boston, MA 02199

15668.174

View source version on businesswire.com: https://www.businesswire.com/news/home/20241125603015/en/

 
    CONTACT:    Computershare Shareholders Services: 

Shareholders (account information, quotes): 800-637-2304

MFS Investment Management:

Shareholders or Advisors (investment product information):

Jeffrey Schwarz, 800-343-2829, ext. 55872

Media Only:

Dan Flaherty, 617-954-4256

 
 

(END) Dow Jones Newswires

November 25, 2024 16:15 ET (21:15 GMT)

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