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.

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MFS Municipal Income Trust

Bullboard Posts

Post by 2investorknoton May 31, 2016 11:46am

99 Views

Post# 24919418

Say goodbye to May- Vote John Hite off the Board

Another month, another period of inactivity or things being accomplished. As we await our ballots for the upcoming AGM, I am reposting my earlier message. At this point, we might also want to vote against at least one other director besides Hite to change the make-up of the BOD. I would think we would want to pick a director that has been with the company the longest, but am open to suggestions! At the minumum, HIte should be removed imo.

Here is my earlier posting:

Do shareholders want a change? Be sure to vote! June AGM

Well as everyone knows it has not been good for Marifil these past few years -- in addition, they have kept shareholders in the dark as to the Limestone project and the reasons behind the continued need for further due diligence for that project. How long can one dangle that carrot before losing credibility?

So do shareholders want a change in management? More transparency if nothing else? Well, MFM has filed their date for the next Annual General Meeting. The AGM is on June 22, 2016, the location TBA.

Everyone on the BOD have been there at least 10 years except for Mr. Sweatman. They probably like the status quo but I certainly would like to change things up a bit!

If we vote against John Hite as a Director that will be a strong message to the Board as well as possibly create a more autonomous BOD.

Read more at https://www.stockhouse.com/companies/bullboard/v.mfm/marifil-mines-ltd#9GSbzXqWhLPBVf3W.99