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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 Feb 03, 2012 2:48pm
160 Views
Post# 19487472

RE: Looks more like

RE: Looks more like

Cason, It could easily drop another few cents, but that doesn't mean someone could buy us out for a few million bucks. Try buying even a few hundred thousand shares on the open market and this thing goes to 30 cents. My level II right now has about 400k shares in the way from doubling the .165 share price. Take outs aren't that easy, you're simplifying things too much.

I'm not trying to say we're invisible. I'm not a blind pumper and know we have challenges, but there will be no buy-out at these levels, for many reasons, not just price.

Do you own this Cason, or are you just stopping by for a friendly warning to the rest of us?

Bullboard Posts