MFS Investment Management (MFS) is announcing portfolio management
appointments to MFS Multimarket Income Trust (NYSE: MMT), MFS Charter
Income Trust (NYSE: MCR), MFS Intermediate High Income Fund (NYSE: CIF),
and MFS Special Value Trust (NYSE: MFV), four closed end funds.
Effective March 1, 2018, Michael Skatrud will join the portfolio
management team of MFS Multimarket Income Trust, MFS Charter Income
Trust, MFS Intermediate Income Trust, and MFS Special Value Trust MFS.
He will be focused on managing below investment grade securities in each
fund, working with current portfolio manager David Cole. William Adams,
a current portfolio manager on each fund, will relinquish his portfolio
management responsibilities on the funds, effective on September 1,
2018. Adams will remain with MFS and continue in his role as the firm's
chief investment officer for Global Fixed Income.
Skatrud joined MFS in 2013 as a research analyst, covering high yield
securities. His prior experience includes four years as a senior high
yield analyst at Columbia Management as well as two years as a senior
credit analyst with Oppenheimer Funds, Inc. He also worked as a
corporate bond analyst at Putnam Investments previously. He earned a
bachelor of science degree with distinction from the University of
Wisconsin and holds a Master of Business Administration from The Wharton
School at The University of Pennsylvania.
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.
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 January 31, 2018, MFS manages US$510.5 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.
Each fund is a closed end investment product advised by MFS
Investment Management. Common shares of the funds are only available for
purchase/sale on the NYSE at the current market price. Shares may trade
at a discount to NAV. 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
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