Mfs Muni Inc Tr (NYSE:MFM) Plans Special Dividend of $0.02

Mfs Muni Inc Tr (NYSE:MFMGet Free Report) announced 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 is Monday, June 29th.

Mfs Muni Inc Tr Stock Up 0.8%

Shares of NYSE:MFM opened at $5.54 on Friday. The firm’s 50-day simple moving average is $5.42 and its 200-day simple moving average is $5.43. Mfs Muni Inc Tr has a fifty-two week low of $5.03 and a fifty-two week high of $5.67.

Institutional Investors Weigh In On Mfs Muni Inc Tr

Hedge funds have recently added to or reduced their stakes in the company. Garton & Associates Financial Advisors LLC purchased a new stake in Mfs Muni Inc Tr in the 4th quarter valued at approximately $37,000. Beaumont Financial Advisors LLC purchased a new position in shares of Mfs Muni Inc Tr during the 4th quarter worth approximately $61,000. Balyasny Asset Management L.P. acquired a new stake in shares of Mfs Muni Inc Tr in the 4th quarter valued at approximately $61,000. Colonial Trust Advisors acquired a new stake in shares of Mfs Muni Inc Tr in the 3rd quarter valued at approximately $62,000. Finally, Jane Street Group LLC acquired a new stake in shares of Mfs Muni Inc Tr in the 2nd quarter valued at approximately $96,000.

About Mfs Muni Inc Tr

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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.

Further Reading

Dividend History for Mfs Muni Inc Tr (NYSE:MFM)

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