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MFS Municipal Income Trust V.MFM


Primary Symbol: MFM

MFS Municipal Income Trust (fund) is a diversified closed-end management investment company. Its investment objective is to seek high current income exempt from federal income tax but may also consider capital appreciation. It invests, under normal market conditions, approximately 80% of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in municipal bonds. These municipal bonds include debt securities issued by or on behalf of states, territories, possessions of the United States, District of Columbia, and their political subdivisions, agencies, or instrumentalities. The Fund invests in various sectors, such as hospitals, secondary schools, colleges, schools, and water and sewer utility. It has investments in areas, including Alabama, Alaska, Arizona, Arkansas, California, Colorado, Delaware, Florida, Georgia, Guam, Hawaii, Idaho, and Illinois. Massachusetts Financial Services Company is the investment adviser of the Fund.


NYSE:MFM - Post by User

Bullboard Posts
Comment by northernbullon Apr 15, 2011 3:19pm
338 Views
Post# 18438801

RE: MFm

RE: MFmHey Keeet, maybe spread some profit between Marifil and Tinka, as I know you're in that one with me too. With any luck, the two drill programs will release results a month apart so a guy can roll some profits to double dip; both should have strong results.
Anyway, the pp at 35 cents likely puts a floor under us, but I would encourage a few stink bids be put in if a guy has some dry powder. There's a few hundred shares on the bid down to .35, but after that level, there's only 150k on the bid down to 11 cents! That's usual for this stock, but if the market has a bad day and someone decides to liduidate even a small number of shares in a panic, it could trigger some stop losses to allow you to buy at rediculously low prices. I'd expect for the price to fill right back in to current levels, so again, be careful with stoploss orders on a stock like this.
Has anyone heard from IR or management this week? Hugh has yet to return Monday night's e-mail and Hite hasn't got back to me from Wednesday either. I'm sure they're busy, but they're usually on the ball.
Bullboard Posts