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

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Post by 2investorknoton Jun 02, 2016 11:07am

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Post# 24926892

Read Hite's Open Letter to Shareholders

See the Open Letter to Shareholders

Finally John HIte has decided to communicate to the shareholders!

See https://finance.yahoo.com/news/marifil-mines-ltd-letter-shareholders-133000885.html

A couple of encouraging notes in the letter. Looks like we can forget about anything happening immediately on the limestone project so I will readjust my expectations for maybe Sept/Oct. If we don't hear anything by then, I will conclude this was all of bunch of hype.

For me, I will still vote John Hite and at least one director off the BOD. I would like to see a more autonomous BOD as well as making Hite more accountable as CEO.

Something has to change

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