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 a_brownon Aug 24, 2011 1:06pm

401 Views

Post# 18975261

I'm outta here

A fairly long-term holder of this, getting in much lower this time last year.
Still fail to see the upside, with the exception of San Roque. And Novagold isn't moving with great speed.
Otherwise, cannot attribute any reasonable valuation to any other holdings or joint ventures. This company fails miserably at promotion. Until that problem is rectified, I believe that the optimum value has been achieved.
As for the potash JV, this appears to be a "no go", despite the company promises.
Lack of corporate updates and communication is unaccepable and I will move on elsewhere.

Best to all

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