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

MFS Investment Management® (MFS®) released today the distribution income sources for six of its closed-end funds for April 2023: 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 & Strategies > Closed End Funds > Dividend Source Information.

MFS Charter Income Trust Distribution period: April 2023 Distribution amount per share: $ 0.04534

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.

 

Current distribution

 

% Breakdown of current distribution

 

Total cumulative distributions for the fiscal year to date

 

% Breakdown of the total cumulative distributions for the fiscal year to date

Net Investment Income

$ 0.01995

 

44%

 

$ 0.12543

 

55%

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

0.02539

 

56%

 

0.10263

 

45%

Total (per common share)

$ 0.04534

 

100%

 

$ 0.22806

 

100%

Average annual total return (in relation to NAV) for the five years ended 3-31-2023

3.35%

Annualized current distribution rate expressed as a percentage of month end NAV as of 3-31-2023

7.91%

Cumulative total return (in relation to NAV) for the fiscal year through 3-31-2023

3.60%

Cumulative fiscal year distributions as a percentage of NAV as of 3-31-2023

3.31%

MFS Government Markets Income Trust Distribution period: April 2023 Distribution amount per share: $ 0.02118

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.

 

Current distribution

 

% Breakdown of current distribution

 

Total cumulative distributions for the fiscal year to date

 

% Breakdown of the total cumulative distributions for the fiscal year to date

Net Investment Income

$ 0.01038

 

49%

 

$ 0.04364

 

41%

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

0.01080

 

51%

 

0.06280

 

59%

Total (per common share)

$ 0.02118

 

100%

 

$ 0.10644

 

100%

Average annual total return (in relation to NAV) for the five years ended 3-31-2023

1.09%

Annualized current distribution rate expressed as a percentage of month end NAV as of 3-31-2023

7.18%

Cumulative total return (in relation to NAV) for the fiscal year through 3-31-2023

2.58%

Cumulative fiscal year distributions as a percentage of NAV as of 3-31-2023

3.01%

MFS Intermediate High-Income Fund Distribution period: April 2023 Distribution amount per share: $ 0.01432

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.

 

Current distribution

 

% Breakdown of current distribution

 

Total cumulative distributions for the fiscal year to date

 

% Breakdown of the total cumulative distributions for the fiscal year to date

Net Investment Income

$ 0.00745

 

52%

 

$ 0.03768

 

52%

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

0.00687

 

48%

 

0.03478

 

48%

Total (per common share)

$ 0.01432

 

100%

 

$ 0.07246

 

100%

Average annual total return (in relation to NAV) for the five years ended 3-31-2023

2.36%

Annualized current distribution rate expressed as a percentage of month end NAV as of 3-31-2023

9.29%

Cumulative total return (in relation to NAV) for the fiscal year through 3-31-2023

4.43%

Cumulative fiscal year distributions as a percentage of NAV as of 3-31-2023

3.92%

MFS Intermediate Income Trust Distribution period: April 2023 Distribution amount per share: $ 0.02125

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.

 

Current distribution

 

% Breakdown of current distribution

 

Total cumulative distributions for the fiscal year to date

 

% Breakdown of the total cumulative distributions for the fiscal year to date

Net Investment Income

$ 0.00701

 

33%

 

$ 0.04100

 

32%

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

0.01424

 

67%

 

0.08713

 

68%

Total (per common share)

$ 0.02125

 

100%

 

$ 0.12813

 

100%

Average annual total return (in relation to NAV) for the five years ended 3-31-2023

2.21%

Annualized current distribution rate expressed as a percentage of month end NAV as of 3-31-2023

8.44%

Cumulative total return (in relation to NAV) for the fiscal year through 3-31-2023

5.22%

Cumulative fiscal year distributions as a percentage of NAV as of 3-31-2023

4.24%

MFS Multimarket Income Trust Distribution period: April 2023 Distribution amount per share: $ 0.03289

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.

 

Current distribution

 

% Breakdown of current distribution

 

Total cumulative distributions for the fiscal year to date

 

% Breakdown of the total cumulative distributions for the fiscal year to date

Net Investment Income

$ 0.00460

 

14%

 

$ 0.05312

 

27%

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

0.02829

 

86%

 

0.14363

 

73%

Total (per common share)

$ 0.03289

 

100%

 

$ 0.19675

 

100%

Average annual total return (in relation to NAV) for the five years ended 3-31-2023

3.75%

Annualized current distribution rate expressed as a percentage of month end NAV as of 3-31-2023

7.91%

Cumulative total return (in relation to NAV) for the fiscal year through 3-31-2023

9.28%

Cumulative fiscal year distributions as a percentage of NAV as of 3-31-2023

3.94%

MFS Special Value Trust Distribution period: April 2023 Distribution amount per share: $ 0.03653

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.

Current distribution

 

% Breakdown of current distribution

 

Total cumulative distributions for the fiscal year to date

 

% Breakdown of the total cumulative distributions for the fiscal year to date

Net Investment Income

$ 0.01169

 

32%

 

$ 0.07172

 

32%

Net Realized ST Cap Gains

0.00000

 

0%

 

0.00224

 

1%

Net Realized LT Cap Gains

0.01973

 

54%

 

0.09413

 

42%

Return of Capital or Other Capital Source

0.00511

 

14%

 

0.05603

 

25%

Total (per common share)

$ 0.03653

 

100%

 

$ 0.22412

 

100%

Average annual total return (in relation to NAV) for the five years ended 3-31-2023

4.70%

Annualized current distribution rate expressed as a percentage of month end NAV as 3-31-2023

9.85%

Cumulative total return (in relation to NAV) for the fiscal year through 3-31-2023

4.60%

Cumulative fiscal year distributions as a percentage of NAV as of 3-31-2023

5.04%

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 March 31, 2023, MFS manages US$570.3 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.

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