MFS Investment Management® (MFS®) is announcing a
portfolio management appointment to MFS® Multimarket Income
Trust (NYSE: MMT) and MFS® Charter Income Trust (NYSE: MCR),
two closed end funds.
Effective February 1, 2019, Andy Li will join the portfolio management
teams of MFS Multimarket Income Trust and MFS Charter Income Trust. He
will focus on managing investment-grade securities in each fund, working
closely with current portfolio manager Robert Persons, who is also
focused on the investment-grade securities of each portfolio.
There are no other changes to the portfolio management teams of the
funds. The funds' investment objectives and investment strategies will
not change as a result of this appointment.
Li joined MFS in 2018 as a fixed income portfolio manager primarily
focused on non–US dollar credit securities. His prior experience
includes four years as a portfolio manager at Man GLG, six years as a
portfolio manager at ECM Asset Management and two years as a management
consultant at Accenture. He earned a Bachelor of Engineering degree with
honors in computer science from Imperial College, London.
About MFS Investment Management
Established in 1924, MFS is
an active, global investment manager with investment offices in Boston,
Hong Kong, London, Mexico City, São Paulo, Singapore, Sydney, Tokyo and
Toronto. We employ a uniquely collaborative approach to build better
insights for our clients. Our investment approach has three core
elements: integrated research, global collaboration and active risk
management. As of December 31, 2018, MFS manages US$428.4 billion in
assets on behalf of individual and institutional investors worldwide.
Statements made in this release that look forward in time involve
risks and uncertainties and are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. Such
risks and uncertainties include, without limitation, the adverse effect
from a decline in the securities markets or a decline in a Fund’s
performance, a general downturn in the economy, competition from other
closed-end investment companies, changes in government policy or
regulation, inability of a Fund’s investment adviser to attract or
retain key employees, inability of a Fund to implement its investment
strategy, inability of a Fund to manage rapid expansion and unforeseen
costs and other effects related to legal proceedings or investigations
of governmental and self-regulatory organizations.
The funds are closed-end investment company products advised by MFS
Investment Management. Closed-end funds, unlike open-end funds, are not
continuously offered. There is a one-time public offering and once
issued, common shares of the funds are bought and sold in the open
market through a stock exchange. Shares of the funds are not
FDIC-insured and are not deposits or other obligations of, or guaranteed
by, any bank. Shares of the funds involve investment risk, including
possible loss of principal.
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