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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
Post by WEST-VAN-INVESTORon Apr 28, 2012 1:39am
272 Views
Post# 19847342

Last Year MFM brought over $1 mil in cash and shar

Last Year MFM brought over $1 mil in cash and shar

Last year Marifil brought in over $1 mil in cash and shares from their JV partners and sale of properties.  The years  before when the markets were melting down everyone took pay cuts just to service.  Marifil was the same and management took 50% paycuts.   Once they got their cash flow up they also put their salaries  back.  I am all for fair pay.  I like Marifil's properties!  They have the second largest exploration land bank for potash and they are right next to Vales projects with the same grades.   Their K5 Potash property has 51 drill holes in it with some of the grades up to 45% potash.  Their San Roque project with Novagold has 108 holes and I am looking forward to their report coming out with hopefuly a resource on it.

The other property I really like is Toruel with the high grade silver.  Netco Silver their JV will be hopefully drilling soon.  

They have lots of properties and just one has to make it!!!!!

 

 

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