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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

Comment by Showme66on Feb 13, 2019 12:58pm
93 Views
Post# 29358973

RE:RE:RE:Marifil's President Wrapped up in Insider Trading Scandal

RE:RE:RE:Marifil's President Wrapped up in Insider Trading ScandalI just called Marifil's investor relations line and my call was immediately answered, which is good news.  The bad news is that Robert Abenante is still the President and CEO.  I'm shocked that he would still be on the Board, given that he is neck deep in the Bridgemark scandal.

https://www.gangsterismout.com/p/bridgemark.html

How does Marifil expect to raise any capital with Bo Bo Bert at the helm?  I'm waiting for a call back from IR on when the next Board meeting is.  Hopefully common sense prevails and he's removed.  I think it's a testament to Bo Bo's character that he has not already stepped down.  I also think that a decision not to remove him gives insight into the goals and direction that the board has in mind for Marifil.
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