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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 19, 2012 11:18am
173 Views
Post# 20029919

RE: Dimes for dollars

RE: Dimes for dollars

Cook- I don't have dimes right now, but I'd find a whole lot of nickels if it gets there.

Matt- I talked with Hite yesterday and he mentioned the Yamana deal as a positive. He was (as always) cautiously optomistic. He said that interest in their properties is still pretty high

Funway- Hite said Nova would be fools to not pay the 100k, but reading between the lines, my guess is that they will buck up the cash to hold their 49% just in case we get some cash and start advancing it ourselves. I don't think you'll see activity from them in the near future. After they split into the two companies, it looks like they have tried to simplify their project base.

We have enough cash on hand to easily last a year (around 1.1 million). Hite got through '08 with a lot less than that. He says they've gotten a little leaner over the past few months, so I'm just going to wait it out and hope that sentiment towards the juniors (and maybe even Argentina) changes for the better.

Bullboard Posts