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MFS Intermediate Income Trust (NYSE: MIN - Get Free Report)'s stock price passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $2.63 and traded as low as $2.62. MFS Intermediate Income Trust shares last traded at $2.6350, with a volume of 229,653 shares trading hands. MFS
Advisors Asset Management Inc. bought a new position in shares of MFS Intermediate Income Trust (NYSE: MIN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 231,571 shares of the financial services provider's stock, valued at approximately $628,000.
We review the CEF market valuation and performance through the fourth week of June and highlight recent market action. CEFs had a strong week, with all sectors in the green and equity-linked sectors leading; valuations remain above historical averages. Distribution increases at HTD and UTG highlight the arbitrary nature of managed distribution plans.
Closed-end funds are ideal for investors prioritizing steady cash income over capital gains, benefiting from buying at discounts and institutional leverage terms. Distribution "coverage" is critical. But it can be complicated trying to determine what is actually sufficient versus insufficient coverage.
BOSTON--(BUSINESS WIRE)--MFS Announces Closed End Fund Distributions for February 2025.
Closed-end funds offer unique advantages, like buying at discounts and leveraging with institutionally priced debt, making them ideal income-generating vehicles. Cash distributions are key contributors to total return, but it is essential to be sure they are actually covered by fund earnings. Some investors overly prioritize distribution yields, neglecting the importance of considering total return as a whole.
BOSTON--(BUSINESS WIRE)--MFS announces closed end fund distribution income sources for several funds for September 2024.
BOSTON--(BUSINESS WIRE)--MFS announces monthly distribution income sources for certain closed end funds for May 2024.
MFS Intermediate Income Fund offers a 9.19% yield, but it is not attractive compared to other options in the market. The fund's performance has been poor over the past three years, with a decline of 29.84%. The fund's distribution does not seem to be sustainable, as it is not covering its distributions with net investment income.
BOSTON--(BUSINESS WIRE)--MFS announces distribution income sources for several closed end funds for March 2024.
BOSTON--(BUSINESS WIRE)--MFS announces closed end fund income distributions for March 2024.
BOSTON--(BUSINESS WIRE)--MFS announces closed end fund distributions for February 2024.
BOSTON--(BUSINESS WIRE)--MFS releases distribution income sources for several closed end funds for January 2024.
Here's the thing about high-yield closed-end funds (CEFs): sometimes a CEF will seem to have all the earmarks of a terrific investment: high (and monthly) dividends, reasonable fees and reputable management. But it'll still come up short.
MFS Intermediate Income Fund attracts retail investors with its high, unsupported dividend yield of 9%. MIN utilizes artificial yields by distributing more than its actual cash flows, leading to a decreasing net asset value. Despite the artificial yield, MIN's total return is competitive compared to similar ETFs.
BOSTON--(BUSINESS WIRE)--MFS announces monthly distributions for 10 closed end funds for January 2024.
Investment-grade corporate-focused closed-end funds offer attractive fixed-income options with higher yields in the current higher-rate environment. Leverage and discounts/premiums in CEFs add volatility to consider when investing in these funds, which would otherwise be for more conservative investors. Besides the higher yields, when rates decline investment-grade funds should see a significant rebound, adding a catalyst for potential upside and 'locking in' higher yields now.
BOSTON--(BUSINESS WIRE)--MFS Announces Closed-End Fund Distributions for 10 Funds.
BOSTON--(BUSINESS WIRE)--MFS release closed end fund income distribution sources for certain funds for November 2023.