MFS Investment Management® (MFS®) is announcing portfolio management appointments for MFS® Multimarket Income Trust (NYSE: MMT) and MFS® Special Value Trust (NYSE: MFV), two closed end funds.
Effective September 1, 2019, Henry Peabody will join the portfolio management team of MFS Multimarket Income Trust. He will be focused on managing investment-grade debt securities in the fund, working with current portfolio managers Robert Persons and Andy Li. Peabody joined MFS in July 2019 as a portfolio manager covering investment-grade debt securities. He has 18 years of investment experience, which includes six years as an analyst and portfolio manager at Eaton Vance Management. He earned a Bachelor of Arts degree from Trinity College and an MBA from Boston College's Carroll School of Management.
Effective December 31, 2019, Katherine Cannan will join the portfolio management team of MFS Special Value Trust. She will be focused on managing equity securities in the fund, working with current portfolio manager Nevin Chitkara. Cannan joined MFS in 2013 as an equity research analyst and has more than 10 years of investment experience. She earned a Bachelor of Arts degree magna cum laude from Northwestern University and is a member of Phi Beta Kappa, as well as having earned an MBA from Harvard Business School.
There are no other changes to the portfolio management teams of the funds, nor will the funds' investment objectives or strategies change as a result of these appointments.
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 of July 31, 2019, MFS managed US$491.3 billion in assets on behalf of individual and institutional investors worldwide. Please visit mfs.com for more information.
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 principal.
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