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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 2investorknoton Sep 08, 2015 11:18am
105 Views
Post# 24085437

Nice to get an update but nothing really new

Nice to get an update but nothing really newWhile it is nice that Marifil put out a Lettter to Shareholders today.  It is the same old thing.  Lots of interested parties talk but no deals done.  Potential but....well you know that status.

Specifically:

Punta Colorado - still nothing "concrete" in deals after all of this time.

Troubling news was the statement--  are also in the process of identifying and acquiring new properties including one bulk tonnage property with important similarities to our San Roque project.   What did you say again?  You have not done any deals, are losing money each month and have had to do continued additional financing and you are even thinking of acquiring new properties when all of your other properties have languished?  Are you kidding?????

Typical Statement Without Merit: Management would like to thank you for your ongoing support through these very difficult down cycles.   Ongoing support?  We are at .01-.02 cents gentlemen!  Do you really call that ongoing support?  Why put out meaningless dribble when dealing with current shareholders?  This sort of thing only makes me question your earlier statement of all of those "interested parties" etc.

Bullboard Posts