MFS Releases Closed-End Fund Income Distribution Sources for Certain Funds
BOSTON--(BUSINESS WIRE)--March 26, 2025--
MFS Investment Management$(R)$ (MFS(R) ) released today the distribution income sources for five of its closed-end funds for March 2025: MFS(R) Charter Income Trust (NYSE: MCR), MFS(R) Government Markets Income Trust $(MGF)$, MFS(R) Intermediate High-Income Fund $(CIF)$, MFS(R) Intermediate Income Trust (NYSE: MIN) and MFS(R) Multimarket Income Trust (NYSE: MMT). This information also can be obtained by visiting MFS.com by clicking on Products & Strategies > Closed End Funds > Dividend Source Information.
Distribution period: March 2025
Distribution amount per share: $ 0.04518
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 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 $ 0.02304 51% $ 0.15384 85%
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 0.02214 49% 0.02715 15%
------------ ------------ ------------- -------------
Total (per common
share) $ 0.04518 100% $ 0.18099 100%
Average annual total return (in relation to NAV) for the five years
ended 2-28-2025 3.13%
Annualized current distribution rate expressed as a percentage of month
end NAV as of 2-28-2025 7.96%
Cumulative total return (in relation to NAV) for the fiscal year
through 2-28-2025 1.25%
Cumulative fiscal year distributions as a percentage of NAV as of
2-28-2025 2.66%
MFS Government Markets Income Trust
Distribution period: March 2025
Distribution amount per share: $ 0.01933
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 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 $ 0.01005 52% $ 0.03643 47%
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 0.00928 48% 0.04108 53%
------------ ------------ ------------- -------------
Total (per common
share) $ 0.01933 100% $ 0.07751 100%
Average annual total return (in relation to NAV) for the five years
ended 2-28-2025 -0.39%
Annualized current distribution rate expressed as a percentage of
month end NAV as of 2-28-2025 7.16%
Cumulative total return (in relation to NAV) for the fiscal year
through 2-28-2025 1.26%
Cumulative fiscal year distributions as a percentage of NAV as of
2-28-2025 2.39%
MFS Intermediate High-Income Fund
Distribution period: March 2025
Distribution amount per share: $ 0.01468
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 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 $ 0.00998 68% $ 0.03941 67%
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 0.00470 32% 0.01941 33%
------------ ------------ ------------- -------------
Total (per common
share) $ 0.01468 100% $ 0.05882 100%
Average annual total return (in relation to NAV) for the five years
ended 2-28-2025 3.83%
Annualized current distribution rate expressed as a percentage of month
end NAV as of 2-28-2025 9.47%
Cumulative total return (in relation to NAV) for the fiscal year
through 2-28-2025 2.00%
Cumulative fiscal year distributions as a percentage of NAV as of
2-28-2025 3.16%
Distribution period: March 2025
Distribution amount per share: $ 0.01964
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 $ 0.00746 38% $ 0.03757 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 0.01218 62% 0.06130 62%
------------ ------------ ------------- -------------
Total (per common
share) $ 0.01964 100% $ 0.09887 100%
Average annual total return (in relation to NAV) for the five years
ended 2-28-2025 1.57%
Annualized current distribution rate expressed as a percentage of month
end NAV as of 2-28-2025 8.45%
Cumulative total return (in relation to NAV) for the fiscal year
through 2-28-2025 2.23%
Cumulative fiscal year distributions as a percentage of NAV as of
2-28-2025 3.54%
Distribution period: March 2025
Distribution amount per share: $ 0.03369
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 $ 0.03335 99% $ 0.16899 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 0.00034 1% 0.00000 0%
------------ ------------ ------------- -------------
Total (per common
share) $ 0.03369 100% $ 0.16899 100%
Average annual total return (in relation to NAV) for the five years
ended 2-28-2025 4.23%
Annualized current distribution rate expressed as a percentage of month
end NAV as of 2-28-2025 7.96%
Cumulative total return (in relation to NAV) for the fiscal year
through 2-28-2025 2.90%
Cumulative fiscal year distributions as a percentage of NAV as of
2-28-2025 3.33%
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 February 28, 2025, MFS manages US$622.9 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
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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
March 26, 2025 16:15 ET (20:15 GMT)
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