MFS Investment Management® (MFS®) has announced the income distribution sources for five of its closed-end funds for October 2024. These funds include 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), and MFS® Multimarket Income Trust (NYSE: MMT). More information can be accessed by visiting MFS.com and navigating to Products & Strategies > Closed End Funds > Dividend Source Information.
MFS Charter Income Trust
Distribution Period: October 2024
Distribution Amount per Share: $0.04656
Source
Current Distribution
% of Current Distribution
Total Cumulative Distributions (Year to Date)
% of Total Cumulative Distributions
Net Investment Income
$0.01630
35%
$0.30051
60%
Net Realized Short-Term Capital Gains
$0.00000
0%
$0.00000
0%
Net Realized Long-Term Capital Gains
$0.00000
0%
$0.00000
0%
Return of Capital or Other Capital Source
$0.03026
65%
$0.20034
40%
Total
$0.04656
100%
$0.50085
100%
Average Annual Total Return (5 Years): 3.42%
Annualized Current Distribution Rate (as of 9-30-2024): 7.98%
Cumulative Total Return (Year to Date): 12.16%
Cumulative Fiscal Year Distributions (% of NAV as of 9-30-2024): 7.16%
MFS Government Markets Income Trust
Distribution Period: October 2024
Distribution Amount per Share: $0.02040
Source
Current Distribution
% of Current Distribution
Total Cumulative Distributions (Year to Date)
% of Total Cumulative Distributions
Net Investment Income
$0.01061
52%
$0.10779
49%
Net Realized Short-Term Capital Gains
$0.00000
0%
$0.00000
0%
Net Realized Long-Term Capital Gains
$0.00000
0%
$0.00000
0%
Return of Capital or Other Capital Source
$0.00979
48%
$0.11219
51%
Total
$0.02040
100%
$0.21998
100%
Average Annual Total Return (5 Years): 0.41%
Annualized Current Distribution Rate (as of 9-30-2024): 7.29%
Cumulative Total Return (Year to Date): 8.43%
Cumulative Fiscal Year Distributions (% of NAV as of 9-30-2024): 6.55%
MFS Intermediate High-Income Fund
Distribution Period: October 2024
Distribution Amount per Share: $0.01501
Source
Current Distribution
% of Current Distribution
Total Cumulative Distributions (Year to Date)
% of Total Cumulative Distributions
Net Investment Income
$0.00916
61%
$0.09200
57%
Net Realized Short-Term Capital Gains
$0.00000
0%
$0.00000
0%
Net Realized Long-Term Capital Gains
$0.00000
0%
$0.00000
0%
Return of Capital or Other Capital Source
$0.00585
39%
$0.06941
43%
Total
$0.01501
100%
$0.16141
100%
Average Annual Total Return (5 Years): 3.63%
Annualized Current Distribution Rate (as of 9-30-2024): 9.48%
Cumulative Total Return (Year to Date): 13.58%
Cumulative Fiscal Year Distributions (% of NAV as of 9-30-2024): 8.50%
MFS Intermediate Income Trust
Distribution Period: October 2024
Distribution Amount per Share: $0.02042
Source
Current Distribution
% of Current Distribution
Total Cumulative Distributions (Year to Date)
% of Total Cumulative Distributions
Net Investment Income
$0.00776
38%
$0.09223
38%
Net Realized Short-Term Capital Gains
$0.00000
0%
$0.00000
0%
Net Realized Long-Term Capital Gains
$0.00000
0%
$0.00000
0%
Return of Capital or Other Capital Source
$0.01266
62%
$0.15047
62%
Total
$0.02042
100%
$0.24270
100%
Average Annual Total Return (5 Years): 2.11%
Annualized Current Distribution Rate (as of 9-30-2024): 8.54%
Cumulative Total Return (Year to Date): 10.86%
Cumulative Fiscal Year Distributions (% of NAV as of 9-30-2024): 8.46%
MFS Multimarket Income Trust
Distribution Period: October 2024
Distribution Amount per Share: $0.03456
Source
Current Distribution
% of Current Distribution
Total Cumulative Distributions (Year to Date)
% of Total Cumulative Distributions
Net Investment Income
$0.01313
38%
$0.18446
46%
Net Realized Short-Term Capital Gains
$0.00000
0%
$0.00000
0%
Net Realized Long-Term Capital Gains
$0.00000
0%
$0.00000
0%
Return of Capital or Other Capital Source
$0.02143
62%
$0.21654
54%
Total
$0.03456
100%
$0.40100
100%
Average Annual Total Return (5 Years): 4.50%
Annualized Current Distribution Rate (as of 9-30-2024): 7.98%
Cumulative Total Return (Year to Date): 20.66%
Cumulative Fiscal Year Distributions (% of NAV as of 9-30-2024): 7.71%
The funds mentioned above operate under a managed distribution plan, allowing them to maintain distribution levels by potentially distributing long-term capital gains or returning capital if sufficient investment income is not available. Investors are cautioned not to infer investment performance solely from distribution amounts or the managed distribution plan’s terms.
The fund’s Board may amend or terminate the managed distribution plan at any time without prior notice, which could negatively impact the market price of the fund’s common shares. The plan is subject to periodic review by the Board. Each time a distribution is made that does not consist solely of net investment income, the fund will notify shareholders with detailed information about the distribution.
The amounts and sources of distributions listed above are estimates and are not intended for tax reporting. Actual amounts will depend on the fund’s investment experience over the entire fiscal year and may be subject to change due to tax regulations. Shareholders will receive a Form 1099-DIV for the calendar year, indicating how to report these distributions for federal income tax purposes. Since funds may distribute more than their net investment income and realized capital gains, part of the distribution may represent a return of capital. This return does not necessarily reflect investment performance and should not be confused with yield or income. Such returns can reduce the fund’s total assets and potentially increase the fund’s expense ratio. To meet distribution levels under the plan, the fund may need to sell portfolio securities at less than ideal times.