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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

Post by Showme66on Dec 07, 2018 3:10pm
164 Views
Post# 29084233

Marifil's President Wrapped up in Insider Trading Scandal

Marifil's President Wrapped up in Insider Trading ScandalI was thinking of acquiring some MFM shares, but my research revealed that the President, Rob Abanante, has been involved in some real shady sounding insider deals with the Pot company Abattis that he's also CEO of.  Seems like he's taken several million in management fees as some kind of reward for bilking the shareholders.  Not sure how that makes sense...  I don't think Marifil has a bright future with the Prince of Pump and Dump at the wheel.  Going to pass on this one.  Appologies to all the current shareholdersbring for bringing this news to the table, but maybe you need to know, right?.
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