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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

MFS Municipal Income Trust
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Post by Diopsideon Jun 25, 2008 10:33am
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Post# 15226624

MFM'ss indium projects

MFM'ss indium projectsI corresponded with one of MFM's reps the other day and they said that they are currently JV everything in order to develop the properties, particulary Toruel and San Roque, the In ones. They believe that the stock price is too low and will not try to raise capital through private placements of more stock.
They believe they have leverage when JV the In properties as they have alreay put in 50 combined in the two properties and have promising returns on those holes.

Their budget is $8 million this year for developing the various properties. They will put in more if they can sell off some other assets.

Regards,

Diopside
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