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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 a_brownon Nov 25, 2011 9:20pm
195 Views
Post# 19269040

RE: believer's

RE: believer's

The curtain has not yet dropped on Marifil.  However, the company management has failed it's shareholders by not fighting to keep this thing up.  Continuing to pick up claims is meaningless at this stage of the game.  It is boring, uneventful and pointless.  Prospects are worth ZERO if you are not doing anything with it.

Moreover, the company, for whatever reason, absolutely and steadfastly refused to get the story out to shareholders and potential investors.  Not a clue why they pith money away on investor relations, because there is none.

Probably the worst ever company that I've ever seen with respect to getting the story out.  Very very disappointing.  My heart hurts for those that were sold on the "potential" story and bought into the last placement.  And what do they get from the company?  Nothing more than unanswered emails, it seems.

These guys are very close to being on my "No Invest" list.  It is a growing list of people in the sector.  If any of the persons on that list are involved in any way with a company that I am looking into, I immediately cease the due diligence process and strike the company off my list permanently.  I also take a good look at the others on the board, namely, whomever brought that person into the company. 

Success is a consistent thing with some people in the industry.  With others, it is miserable failure.

I do not want the Marifil team to be entered on the list.  But, it is looking like it will happen any day now.

Bullboard Posts