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MarketScreener Homepage  >  Equities  >  Nyse  >  MFS Multimarket Income Trust    MMT

MFS MULTIMARKET INCOME TRUST

(MMT)
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Important Notification: Portfolio Management Team Announcement

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08/27/2020 | 11:12am EDT

For Immediate Release

Media contact: Cherida Naughton+44 207 429 7426

Dan Flaherty, +1 617 954 4256

For shareholders/advisors: Jeffrey Schwarz, 1 800 343 2829, ext. 55872

MFS Closed End Fund Portfolio Management Team Announcement

BOSTON (August 27, 2020) - MFS Investment Management® (MFS®) is announcing a portfolio management transition for MFS® Multimarket Income Trust (NYSE: MMT), MFS® Charter Income Trust (NYSE: MCR), and MFS® Government Markets Income Trust (NYSE: MGF), three closed end funds.

Effective June 30, 2021, Robert Persons will relinquish his portfolio management responsibilities for MFS Multimarket Income Trust, MFS Charter Income Trust, and MFS Government Markets Income Trust. Persons is planning to retire from MFS.

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 Persons' retirement.

About MFS Investment Management

In 1924, MFS launched the first US open‐end mutual fund, opening the door to the markets for millions of everyday investors. Today, as a full‐service global investment manager serving financial advisors, intermediaries and institutional clients, MFS still serves a single purpose: to create long‐term value for clients by allocating capital responsibly. That takes our powerful investment approach combining collective expertise, thoughtful risk management and long‐term discipline. Supported by our culture of shared values and collaboration, our teams of diverse thinkers actively debate ideas and assess material risks to uncover what we believe are the best investment opportunities in the market. As at June 30, 2020, MFS manages US$531.9 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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46728.1

MFS Investment Management

111 Huntington Avenue

Boston, MA 02199

Disclaimer

MFS Multimarket Income Trust published this content on 27 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 August 2020 14:12:03 UTC


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Financials (USD)
Sales 2019 24,7 M - -
Net income 2019 50,8 M - -
Net Debt 2019 100,0 M - -
P/E ratio 2019 7,57x
Yield 2019 8,25%
Capitalization 351 M 351 M -
EV / Sales 2018 19,5x
EV / Sales 2019 19,7x
Nbr of Employees -
Free-Float 100%
Chart MFS MULTIMARKET INCOME TRUST
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Technical analysis trends MFS MULTIMARKET INCOME TRUST
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TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Average target price
Last Close Price 5,72 
Spread / Highest target -
Spread / Average Target -
Spread / Lowest Target -
Managers
NameTitle
David L. DiLorenzo President, Principal Executive Officer & Treasurer
John P. Kavanaugh Chairman
Robert James Manning Trustee
Maureen R. Goldfarb Independent Trustee
Laurie J. Thomsen Independent Trustee
Sector and Competitors