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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 10, 2012 3:26pm
128 Views
Post# 19777242

RE: List of miners in Argentina

RE: List of miners in Argentina

I understand there are lots of smart companies there, and Hite continues to correctly point that out when I express concerns. The thing is, it seems the political situation is changing a little and that makes people nervous. Even if nothing ever comes out of these fears, I'm just recognizing that these issues have had an impact on our share price and likely will continue to do so for a while. When there is change on the political front, a lot of smart money chooses to stay on the sidelines until the story gets clearer. Take a look at Peru over the past year. Those stocks are finally recovering a bit since Humala has shown himself to not be as scary as most expected.

Regardless, we are already at an extreme discount (like many other companies), so good news will still make us rise, but fair value will be hard to achieve if there truly is the 'Argentinean discount' that I think there is. HAving said that, even 20% of fair value is much higher than 15 cents/share.

Bullboard Posts