The Fund's Board of Directors will meet in December to declare the final liquidating distribution, which will include the net income that had been earned during the third quarter but not yet paid. It is expected that the Fund's shares will cease trading on the NYSE the day after the record date for the final distribution, and that the final distribution will be made on or about December 30, 2015. In order to receive the final distribution, stockholders will be required to surrender their stock certificates pursuant to instructions to be provided by the Fund's transfer agent.
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The Fund is a closed-end diversified management investment company whose primary investment objective is to seek as high a level of current income as is consistent with prudent investment risks, from a diversified portfolio primarily of debt securities. The Fund's shares are traded on the New York Stock Exchange under the symbol MTS.
Closed-end funds, unlike open-end funds, are not continuously offered. There is generally a one-time public offering and, once issued, shares of closed-end funds are sold in the
open market through a stock exchange. Shares of closed-end funds frequently trade at a discount to net asset value.
The price of the Fund's shares is determined by a number of factors, several of which are beyond the control of the Fund. Therefore, the Fund cannot predict whether its shares will trade at, below or above net asset value.
Investments in funds involve risk. Yields and market values will fluctuate. Investing in foreign markets presents certain unique risks not associated with domestic investments, such as currency fluctuations, political and economic changes and market risks. Additionally, the Fund invests in lower-quality and non-rated securities, which present greater risks of loss of principal and interest than higher-quality securities. All of these factors may result in greater share price volatility.
This announcement is not an offer to purchase or the solicitation of an offer to sell shares of the Fund, a prospectus, a circular or representation intended for use in the purchase or sale of Fund shares, or a proxy solicitation.
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