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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
Post by blackjackallon Feb 01, 2013 10:10am
185 Views
Post# 20923588

$0.04

$0.04

I came back to visit here to see if I was mistaken or not and lo and behold the little Argentina based project generator with a high burn rate and no real JV partners is doing just what I thought it would, drop in price. The chances that they can finance at any price is slim. Next likely scenario is a roll back so they can attempt to finance with a discount to market. If you still believe this is a good investment I feel sorry for you. Who wants to finance a near broke Argentinian grass roots project generator with high property payments and no partners? Anyone? Anyone?

I'm feeling generous so here's a better bet for you Argentina lovers.

I give you GRG.V. At least this Argentinian project generator has great gobs of cash and can weather what ever lunacy the current Argentinian government can spew. They trade at less then their cash value. You get the money burning properties for free. Management were the guys that originally discovered Navidad if that means anything. I still wouldn't touch it with a ten foot pole but at least it stinks less than MFM.

Bullboard Posts