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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Comment by 2investorknoton May 17, 2017 11:33am

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Post# 26254972

RE:RE:market cap 1.5 million

In agreement with you northernbull except for the one statement of "working without pay". I looked up the word "work" and one definition is-- activity involving mental or physical effort done in order to achieve a purpose or result. I would suggest the past 3 years or so does not lend support to the idea of "working without pay" when one considers the final part of that definition.

Also note on Page 15 of the MD&D some renumeration that was provided--

For the year ended December 31, 2016, management fees comprised of: