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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

Bullboard Posts
Comment by Sparkletoothon Feb 24, 2008 1:07pm
386 Views
Post# 14534707

RE: thedave2006

RE: thedave2006I too am happy to see thedave likes MFM. Dave's usual advice is "make and run". He tends to shy away from the more speculative deals, plus he annoys a lot of people by constantly posting warnings about their stocks, so for him to post he agrees with J Taylor's value comments is a good "Stockhouse positive indicator"...lol... I jumped in here at .57 near Friday's close, breaking thedave's other oft-repeated rule on "chasing" and even worse, grabbing that sharply falling knife on the intra-day chart, a dangerous trading move, even moreso because of its being a Friday...oh well, not my usual style, but I wouldn't do it if it wasn't fun sometimes. Still, I paid only $20 million or so, not a bad price for an impressive property portfolio in a relatively low-cost low-risk jurisdiction: this could easily cap out at $50 to $100 million with some luck in a good market, so I'll probably double down if this drops back to where it was...glta
Bullboard Posts