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MFS Municipal Income Trust V.MFM


Primary Symbol: MFM

MFS Municipal Income Trust (the 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 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, the 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 utilities. 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 2investorknoton Nov 16, 2017 7:55pm
49 Views
Post# 26980798

RE:RE:RE:RE:RE:RE:At Least Creditors

RE:RE:RE:RE:RE:RE:At Least Creditors
I guess I don't get to vote on having the new President but I do get to vote on his Consulting Agreement on the Proxy form.  This I will be voting against. 

While I like the specific benchmarks where he will be rewarded for accomplishing certain items, it does make me wonder why he then gets a pretty good salary to begin with! This is the way the game is played -- "we will be give you a good salary for basically doing nothing but if you happen to actually accomplish anything then 'wow, lets give you some more compensation'!   Oh yes, and if you don't do anything.....no worries because we will give you a nice severance deal as well".  Small business owners can't even begin to contemplate such an arrangement.

Anyway, the whole thing is a joke.  My shares are diluted but at least they are getting creditors to exchange their debt for a reasonable share price and we won't be paying or accuring the interest amounts. 

Goodbye John Hite the nice but ineffective CEO.  Hello Mr. Cannabis/Young Business CEO ... hope you make a number of deals which may even serve long term shareholders!  You have a number of share options, perhaps this will be enough incentive to do a good job? 
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