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.

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MFS Municipal Income Trust

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Comment by dwyomingon Aug 20, 2014 11:15am

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Post# 22860131

RE:RE:Bought today...

Hard to know the potential revenue to the end user, but there are several ways to structure a deal. With Marifil's expertise in navigating Argentine mining rules, I would think MFM would be the operator with some sort of guaranteed income over expenses.

The limestone project is basically a gravel quarry type situation. I am not sure if it is hard enough to require a few dynamite blows or if it will crumble enough with a front-end loader scoop.

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