Mfs Muni Inc Tr (MFM) to Issue Special Dividend of $0.02 on July 7th

Mfs Muni Inc Tr (NYSE:MFM) declared a special dividend on Thursday, June 18th. Stockholders of record on Monday, June 29th will be given a dividend of 0.024 per share by the closed-end fund on Tuesday, July 7th. The ex-dividend date of this dividend is Monday, June 29th.

Mfs Muni Inc Tr Price Performance

NYSE:MFM opened at $5.54 on Friday. The company’s 50-day simple moving average is $5.43 and its 200 day simple moving average is $5.43. Mfs Muni Inc Tr has a one year low of $5.03 and a one year high of $5.67.

Institutional Trading of Mfs Muni Inc Tr

A number of institutional investors have recently made changes to their positions in the stock. Pathstone Holdings LLC boosted its stake in shares of Mfs Muni Inc Tr by 46.1% in the 3rd quarter. Pathstone Holdings LLC now owns 3,944,944 shares of the closed-end fund’s stock worth $21,263,000 after buying an additional 1,245,143 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Mfs Muni Inc Tr by 1.1% in the first quarter. Bank of America Corp DE now owns 1,605,668 shares of the closed-end fund’s stock worth $8,655,000 after purchasing an additional 18,174 shares in the last quarter. UBS Group AG increased its stake in Mfs Muni Inc Tr by 2.2% in the 4th quarter. UBS Group AG now owns 1,165,389 shares of the closed-end fund’s stock worth $6,328,000 after buying an additional 24,937 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Mfs Muni Inc Tr by 27.7% during the fourth quarter. Advisors Asset Management Inc. now owns 1,131,102 shares of the closed-end fund’s stock valued at $6,142,000 after buying an additional 245,549 shares during the last quarter. Finally, Rivernorth Capital Management LLC lifted its position in shares of Mfs Muni Inc Tr by 12.0% in the first quarter. Rivernorth Capital Management LLC now owns 908,050 shares of the closed-end fund’s stock worth $4,894,000 after buying an additional 97,052 shares in the last quarter.

Mfs Muni Inc Tr Company Profile

MFS Municipal Income Trust (NYSE: MFM) is a closed-end management investment company that seeks to provide shareholders with a high level of income exempt from federal income tax. The trust primarily invests in a diversified portfolio of municipal securities, including both general obligation and revenue bonds issued by U.S. states, territories and municipalities. Its shares trade on the New York Stock Exchange, offering investors access to a professionally managed municipal bond portfolio within a single, publicly traded vehicle.

At least 80% of the trust’s total assets are allocated to investment-grade municipal debt, with the flexibility to invest up to 20% in non-investment grade or unrated securities when market conditions warrant.