Osaic Holdings Inc. Grows Stock Holdings in MFS Intermediate Income Trust $MIN

Osaic Holdings Inc. lifted its position in MFS Intermediate Income Trust (NYSE:MIN) by 1,566.8% during the second quarter, Holdings Channel reports. The institutional investor owned 2,080,926 shares of the financial services provider’s stock after buying an additional 1,956,078 shares during the quarter. Osaic Holdings Inc.’s holdings in MFS Intermediate Income Trust were worth $5,639,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MIN. Ameriprise Financial Inc. boosted its stake in MFS Intermediate Income Trust by 2.7% in the second quarter. Ameriprise Financial Inc. now owns 3,026,256 shares of the financial services provider’s stock valued at $8,191,000 after acquiring an additional 79,470 shares in the last quarter. Invesco Ltd. increased its position in shares of MFS Intermediate Income Trust by 2.0% during the second quarter. Invesco Ltd. now owns 1,122,280 shares of the financial services provider’s stock worth $3,041,000 after purchasing an additional 22,248 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of MFS Intermediate Income Trust by 6.5% during the 2nd quarter. Bank of America Corp DE now owns 712,130 shares of the financial services provider’s stock valued at $1,930,000 after purchasing an additional 43,686 shares during the last quarter. Ameritas Advisory Services LLC boosted its position in shares of MFS Intermediate Income Trust by 31.0% in the 2nd quarter. Ameritas Advisory Services LLC now owns 326,965 shares of the financial services provider’s stock worth $886,000 after purchasing an additional 77,457 shares in the last quarter. Finally, M Holdings Securities Inc. purchased a new position in MFS Intermediate Income Trust during the 2nd quarter worth $703,000. Institutional investors own 50.90% of the company’s stock.

MFS Intermediate Income Trust Stock Up 0.6%

Shares of NYSE:MIN opened at $2.63 on Tuesday. The business’s 50-day moving average is $2.63 and its 200 day moving average is $2.66. MFS Intermediate Income Trust has a 1 year low of $2.59 and a 1 year high of $2.73.

MFS Intermediate Income Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a $0.0194 dividend. The ex-dividend date is Tuesday, December 16th. This represents a c) dividend on an annualized basis and a yield of 8.8%.

About MFS Intermediate Income Trust

MFS Intermediate Income Trust (NYSE: MIN) is a closed-end management investment company that seeks to provide a high level of current income consistent with the preservation of capital. The Trust pursues its objective by investing primarily in a diversified portfolio of intermediate-duration fixed-income securities. Its holdings typically include investment-grade corporate bonds, mortgage- and asset-backed securities, and select non-investment-grade debt instruments. The Trust may employ leverage to enhance income potential and intends to distribute gains and interest earnings on a monthly basis.

The portfolio is managed by the fixed-income team at MFS Investment Management, a global asset manager founded in 1924 and headquartered in Boston, Massachusetts.