Mfs Muni Inc Tr (NYSE:MFM) Announces $0.02 Monthly Dividend

Mfs Muni Inc Tr (NYSE:MFM) declared a monthly dividend on Monday, March 2nd. Stockholders of record on Tuesday, March 17th will be given a dividend of 0.024 per share by the closed-end fund on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Tuesday, March 17th.

Mfs Muni Inc Tr Trading Down 0.2%

MFM opened at $5.40 on Friday. Mfs Muni Inc Tr has a one year low of $4.94 and a one year high of $5.67. The business’s 50-day simple moving average is $5.49 and its 200-day simple moving average is $5.40.

Hedge Funds Weigh In On Mfs Muni Inc Tr

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pathstone Holdings LLC increased its stake in Mfs Muni Inc Tr by 46.1% in the third quarter. Pathstone Holdings LLC now owns 3,944,944 shares of the closed-end fund’s stock valued at $21,263,000 after purchasing an additional 1,245,143 shares during the last quarter. UBS Group AG lifted its position in shares of Mfs Muni Inc Tr by 2.2% during the 4th quarter. UBS Group AG now owns 1,165,389 shares of the closed-end fund’s stock worth $6,328,000 after buying an additional 24,937 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Mfs Muni Inc Tr by 27.7% in the 4th quarter. Advisors Asset Management Inc. now owns 1,131,102 shares of the closed-end fund’s stock valued at $6,142,000 after buying an additional 245,549 shares in the last quarter. Guggenheim Capital LLC boosted its holdings in shares of Mfs Muni Inc Tr by 10.9% in the 2nd quarter. Guggenheim Capital LLC now owns 967,358 shares of the closed-end fund’s stock valued at $5,001,000 after buying an additional 95,163 shares in the last quarter. Finally, Rivernorth Capital Management LLC grew its position in shares of Mfs Muni Inc Tr by 104.0% in the 4th quarter. Rivernorth Capital Management LLC now owns 810,998 shares of the closed-end fund’s stock valued at $4,404,000 after buying an additional 413,450 shares during the last quarter.

About Mfs Muni Inc Tr

MFS Municipal Income Trust (NYSE: MFM) is a closed-end management investment company that seeks to provide shareholders with a high level of income exempt from federal income tax. The trust primarily invests in a diversified portfolio of municipal securities, including both general obligation and revenue bonds issued by U.S. states, territories and municipalities. Its shares trade on the New York Stock Exchange, offering investors access to a professionally managed municipal bond portfolio within a single, publicly traded vehicle.

At least 80% of the trust’s total assets are allocated to investment-grade municipal debt, with the flexibility to invest up to 20% in non-investment grade or unrated securities when market conditions warrant.