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

MFS Municipal Income Trust

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Comment by 2investorknoton Sep 15, 2015 11:03am

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Post# 24104880

RE:Nice to get an update but nothing really new

Ah another albeit small dilutive private placement has been announced!

In the press release they state, Proceeds from the placement will be used for audit, legal, property maintenance, general working capital and due diligence costs related to the potential limestone asset sale. So are we seeing additional questions/work that has to be finished regarding the limestone project? Is this the problem that has caused months & months of delay?

I still can't get over the idea that these guys are even thinking of purchasing more properties with nothing to show these past few years.

Oh finally, I am sure glad that they are "pleased to announce a private placement". Let's see poiint another way they are actually saying, we are pleased to announce that we have run out of money.... Does that make any sense to say?

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MARIFIL MINES LTD. (TSX VENTURE:MFM) (the "Company") is pleased to announce a private placement of up to 6,000,000 units at $0.01 per unit for gross proceeds of up to $60,000 subject to final Exchange approval. Each unit will consist of one common share and one warrant. Each warrant will entitle the holder to acquire an additional common share at a price of $0.05 per share for the first 24 months from the date of issuance and $0.10 for the next 36 months, subject to accelerated expiry in the event the Company's shares trade at $0.20 per share for a period of twenty (20) consecutive trading days after expiry of the 4-month hold period. Closing of the private placement is anticipated to be on September 30, 2015.

All units issued pursuant to this placement will be subject to a four month hold period from the date of issuance.

Proceeds from the placement will be used for audit, legal, property maintenance, general working capital and due diligence costs related to the potential limestone asset sale. The private placement is subject to the approval of the TSX Venture Exchange.

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