MFS Intermediate Income Trust

Mfs Intermediate Income Trust It operates an asset management business that caters to individuals, businesspeople, and institutions. The business administers institutional trusts, closed-end funds, variable insurance portfolios, and mutual funds.

MFS Intermediate High Income Fund

MFS Charter Income Trust

MFS Government Markets Income Trust

MFS Multimarket Income Trust

BOSTON--(BUSINESS WIRE)--MFS announces distribution income sources for certain closed end funds for December 2024.

MFS Releases Closed-End Fund Income Distribution Sources for Certain Funds

MFS High Yield Municipal Trust

MFS High Income Municipal Trust

MFS Investment Grade Municipal Trust

MFS Municipal Income Trust

BOSTON--(BUSINESS WIRE)--MFS announces closed end fund distributions for December 2024.

MFS Announces Closed-End Fund Distributions

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.

MIN: This Fund's Portfolio Cannot Support The Current Yield

BOSTON--(BUSINESS WIRE)--MFS Closed End Fund Portfolio Management Team Announcement.

MFS Closed End Fund Portfolio Management Team Announcement

Blackrock Core Bond Trust

Pimco Municipal Income Fund

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.

3 High-Yield Dividend Traps To Avoid In 2024

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.

MIN: You Have To Understand What You Buy

Blackrock Income Trust

BlackRock Credit Allocation Income Trust

BlackRock Enhanced Government Fund

First Trust Mortgage Income Fund

Western Asset Global Corp Defined Opportunity Fund Inc

iShares iBoxx High Yield Corporate Bond ETF

Western Asset Investment Grade Defined Opportunity Trust

iShares iBoxx $ Investment Grade Corporate Bond ETF

Western Asset Investment Grade Income Fund

Western Asset Premier Bond Fund

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.

Closed-End Funds: Investment-Grade Corporate Fixed-Income Exposure To Consider

The MFS Intermediate Income Trust has struggled to earn sufficient returns to support its 8.5% distribution yield. The fund has been relying on liquidating assets to fund its distributions, resulting in a decline in its net asset value. Investors should consider alternative high-yielding investments that earn more than they pay in distributions, such as treasury bill funds or AAA CLO ETFs.

MIN: Avoid This Return Of Principal Fund And Consider High Yielding Alternatives

The MIN fund invests in investment grade bonds and treasuries. It targets an 8.5% of NAV monthly distribution.

MIN: The High Yield Is A Mirage

MFS Intermediate Income Trust (MIN) is a fixed income CEF that focuses on treasuries and investment-grade bonds. The fund has no leverage but has been pummeled in 2022 as rates have risen.

MIN: Moving From Sell To Hold On This Investment Grade Bond CEF

MFS Intermediate Income Trust is a closed end fund that invests in Treasuries and investment-grade bonds.

MIN: How To Make 2% When Thinking You Are Getting 9.47%

Western Asset Mortgage Opportunity Fund

Virtus Stone Harbor Emerging Markets Income Fund 

Stone Harbor Emerging Markets Total Income Fund

Eaton Vance Short Duration Diversified Income Fund

Eaton Vance Limited Duration Income Fund

First Trust / Aberdeen Global Opportunity Income Fund

First Trust Senior Floating Rate Income Fund II

Franklin Limited Duration Income Trust

John Hancock Tax-Advantaged Global Shareholder Yield Fund

Nuveen Credit Strategies Income Fund

Navistar

Franklin Templeton Emerging Markets Income Fund

'Slip, Slidin Away' - What Happens To Funds That Over-Distribute Their Earnings

Last year we used MFS Intermediate Income Trust (MIN) as the ideal case study for explaining how to tell the difference between "constructive" and "destructive" return of capital. Unfortunately MIN's is the "destructive" variety since they have a long history of paying out more in distributions than the fund actually earns.

MIN: Still The Poster Child For Distributing More Than You Earn

A recent question from a reader presents a good "teaching moment" for evaluating closed-end fund distributions, especially the sustainability of the payout in relation to the fund's underlying earnings. We compare MIN's total return over the past 5-10 years to see whether it supports its current level of distribution, and it comes up short.

'Destructive ROC': A Case Study - MFS Intermediate Income Trust

Nuveen S&P 500 Buy-Write Income Fund

Nuveen Dow 30 Dynamic Overwrite Fund

Allspring Income Opportunities 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 Special Value 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.

Preparing For Distribution Changes For CEFs With MDPs

Investment Grade And Government Bond CEFs' Turn To Shine

MIN: A 9% Yielding Conservative Bond CEF To Buy Now

News for MFS Intermediate Income Trust ETF (MIN)