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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 northernbullon Jun 18, 2016 12:14am
92 Views
Post# 24976542

RE:RE:RE:AGM next week! Withhold your vote for John Hite and others

RE:RE:RE:AGM next week! Withhold your vote for John Hite and others I understand you only want Hite off the board, not out of the company. If you felt attacked, that wasn't my intention. You've been here as long as I have I think. We both want change on the share price side, but I feel like the contacts we have with our geologists are valuable under the right circumstances. Many of our properties are simply out of favour. Think about the potential billions in value associated with our potash portfolio. No one cares about potash right now, but if they ever do in the next few years, we'll be laughing. I could go on about base metals, oil and gas and copper, but I won't. Many of these properties are held because of our connections and relationships with farmers, etc. Some properties have even been let go to save payments, but I've been told we could easily get most back if we want to. 
We may disagree, but I feel that our problems aren't a 'board problem' , but an Argentina and metals problem. Having said that, if we ever get back to having some cash around, I feel they should bring in someone with business savvy. The guys are great geologists, but certainly lack something on the sales front
Bullboard Posts