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MFS Charter Income Trust V.MCR


Primary Symbol: MCR

MFS Charter Income Trust (Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to seek high current income, but also considers capital appreciation. The Fund primarily invests in debt instruments. The Fund also invests in corporate bonds of the United States and/or foreign issuers, United States government securities, foreign government securities, mortgage-backed securities and other securitized instruments of United States and/or foreign issuers, and/or debt instruments of issuers located in emerging market countries. It invests in a range of fixed income sectors, such as high yield corporates, emerging markets bonds, investment grade corporates, Non- United States government bonds, commercial mortgage-backed securities, mortgage-backed securities, collateralized debt obligations, municipal bonds, asset-backed securities and United States treasury securities. The Fund's investment advisor is Massachusetts Financial Services Company.


NYSE:MCR - Post by User

Post by Jvdb90on Feb 03, 2020 1:21pm
126 Views
Post# 30635002

Shareholder Q&A w/ CFO Redmond

Shareholder Q&A w/ CFO RedmondAll, I've reached out to Jeff Redmond re few shareholder questions I've been pondering on. Please find q&a below. Apologies for formatting. 1. Does the company has any plan to uplist to TSX in the near term to increase visibility and analyst coverage? If not, may I ask why as it would lead to multiple expansion and a more accurate valuation of company greatly benefiting shareholders. [No immediate plans but we have reviewed the requirements in detail. We will likely discuss the matter again at the next Board meeting. I appreciate your comments re: valuations. We like to believe safe execution, a robust backlog of work and our current track record will get recognized over time. At some point the well need to deal with the excess cash that we anticipate accumulating to the extent we cant invest it back in the business.] 2. With increased company profitability, are there any plans to increase share buyback and/or commence dividends to increase total shareholder return? [As you know, we renewed our NCIB for FY20. We may consider implementing an ASPP in conjunction with the current NCIB. An ASPP (automatic share purchase plan) would allow for purchases outside of the current black-out periods that were subject to. There are some added security regulations we must factor into our decision. Again, something we may discuss at the next Board meeting.] 3. Are you still working with Renmark Financial? If not, are there plans to engage with another IR firm? [No. Well continue to discuss our IR/marketing plans in the coming weeks. We received some mixed feedback on the IR efforts with Renmark, something well take into consideration going forward.]
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