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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 Jun 14, 2011 11:31am
171 Views
Post# 18712552

RE: News would be good....

RE: News would be good....Agreed. The excitement sure has dwindled on the board, and of course in the share price. I'm not concerned about the shareprice so much, but it would have been nice to bounce off of .35 with the drill results, instead of mid twenties.
I can't imagine the motivation to sell right now if you bought because of San Roque, or because of potash. News on both should be close. I think the fear has spread over the past few weeks of a major slow down now that the QEs are over (for now), but don't even consider growth from prosperity as a necessary factor; think about the 7 billion people that will likely be 10 billion or more within 20 years (conservatively). Try feeding the planet without huge quantities of fertilizer. Argentina is strategic in its location and if the potash or sulfur properties prove anything up, cashflow and investors to fund the projects won't be in short supply. Whether the economy is slow or not, people will need to eat and they will sell anything they have for food if they have to.
Anyway, I'm just rambling to pass the time, but we should be close to hearing some news. Regardless, at the rate these guys held on to money in '08/'09, we should have enough cash now to last us for 2-3 years if things get tight again. We know they're not going to blow it all on promotion anyway, that's for certain.
Hope the longs are rewarded. You're all pretty quiet here.
Bullboard Posts