MFS Special Value Trust

MFS Special Value Trust operates as closed-end investment company. Its investment objective is to seek high current income, but may also consider capital appreciation by investing in debt instruments rated below investment grade and in foreign securities. The company was founded on November 17, 1989 and is headquartered in Boston, MA.

BOSTON--(BUSINESS WIRE)--MFS announces liquidating distribution for MFS Special Value Trust (NYSE: MFV).

MFS Investment Management Announces Liquidating Distribution for MFS Special Value Trust

Nuveen Preferred & Income Term Fund

We review CEF market valuation and performance through the third week of February and highlight recent market action. CEF performance was mixed, with MLPs and EM Equity funds outperforming. It's safe to ignore the word arbitrage when used in the CEF context.

CEF Weekly Review: Treat The Word Arbitrage Loosely

MFS Special Value Trust, a closed-end management investment company, has announced its liquidation, providing a rare arbitrage opportunity for retail investors. The closed-end fund is currently trading at a discount to net asset value (-6.4%), which is expected to close as the market prices in the liquidation. Investors can monetize the difference between the fund's NAV and market value, but should be aware of the market risk associated with the equity and fixed income holdings in the fund.

MFV: CEF Liquidation Arbitrage Opportunity

BOSTON--(BUSINESS WIRE)--MFS Investment Management Announces Planned Liquidation of MFS Special Value Trust (NYSE: MFV).

MFS Investment Management Announces Planned Liquidation of MFS Special Value Trust

The MFS Special Value Trust is a multi-asset closed end fund with roughly equal allocations in fixed income and equity. The fund is considered a risk-on vehicle due to its high yield bond investments. The fund's performance has lagged behind its peers in the multi-asset space, particularly due to its overweight allocation to mega-cap financials. Over a 10-year period, the fund posted a 5% annual total return. Despite a managed distribution plan of 10%, the fund has not been able to achieve that return annually, resulting in a decreasing NAV.

MFV: Multi-Asset CEF With A Forgettable Portfolio

ClearBridge Energy MLP Fund Inc

MFS Intermediate High Income Fund

ClearBridge Energy MLP Total Return Fund Inc

Allspring Income Opportunities Fund

ClearBridge Energy MLP Opportunity Fund Inc

Tortoise Energy Independence Fund, Inc.

Neuberger Berman High Yield Strategies Fund Inc

Adams Natural Resources Fund Inc

Invesco High Income Trust II

For the first month in three, equity CEFs (+4.49%) on average witnessed plus-side returns, while their fixed income CEF cohorts (-5.07%) suffered a third month of declines in October. Only 17% of all CEFs traded at a premium to their NAV at month end, with 24% of equity CEFs and 11% of fixed income CEFs trading in premium territory.

The Month In Closed-End Funds: October 2022

MFV is a fairly interesting fund, matching up a more value-oriented portfolio and high-yield investments. A major downside of the fund is that it has less than $34 million in total assets.

MFV: Premium Collapse Makes A More Tempting Offering

The MFS Special Value Trust CEF (MFV) fund mixes fundamental analysis for its stocks, then combines fixed income assets to complete the mix. MFV is classified as a Balanced Fund. MFV targets a 10% distribution rate for investors. A look at the sources needed to accomplish that is provided. It is not all from NII.

First Look At The MFS Special Value Trust

ASA Gold and Precious Metals Ltd

Duff & Phelps Global Utility Income Fund Inc

Franklin Universal

Brookfield Real Assets Income Fund

RiverNorth Capital and Income Fund

Cushing MLP & Infrastructure Total Return Fund

Cushing Renaissance Fund

XAI Octagon Floating Rate & Alternative Income Term Trust

For the eleventh month in 12, equity CEFs on average witnessed plus-side returns, rising 3.48% on a NAV basis for October. While for the second consecutive month fixed income CEFs posted returns in the red (-0.14%).

The Month In Closed-End Funds: October 2021

Nuveen S&P 500 Buy-Write Income Fund

Nuveen Dow 30 Dynamic Overwrite Fund

Allspring Global Dividend Opportunity Fund

Wells Fargo Multi-Sector Income Fund

Wells Fargo Utilities and High Income Fund

Sprott Focus Trust

India Fund Inc

Nuveen Core Equity Alpha Fund

Nuveen Diversified Dividend And Income Fund

Nuveen Real Asset Income & Growth Fund

Nuveen Real Estate Income Fund

Nuveen Tax-Advantaged Total Return Strategy Fund

Nuveen Tax-Advantaged Dividend Growth Fund

MFS Charter Income Trust

MFS Government Markets Income Trust

MFS Intermediate Income Trust

MFS Multimarket Income Trust

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Nuveen NASDAQ 100 Dynamic Overwrite Fund

RiverNorth Opportunities Fund, Inc.

Royce Micro-Cap Trust

Royce Value Trust

Some CEFs have managed distribution policies that are linked directly or indirectly to their NAVs, allowing investors to forecast changes in distributions with varying accuracy. Recent volatility has already caused some CEFs to lower their distributions as a result of the March drawdown, causing their discounts to widen relative to their sectors.

News for MFS Special Value Trust ETF (MFV)