Mfs Muni Inc Tr (MFM) To Go Ex-Dividend on September 22nd

Mfs Muni Inc Tr (NYSE:MFM) declared a monthly dividend on Friday, September 11th. Stockholders of record on Tuesday, September 22nd will be given a dividend of 0.03 per share by the closed-end fund on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Tuesday, September 22nd.

Mfs Muni Inc Tr Trading Down 0.8%

Shares of NYSE:MFM opened at $5.11 on Friday. Mfs Muni Inc Tr has a 52-week low of $5.08 and a 52-week high of $5.67. The company has a 50-day simple moving average of $5.37 and a 200 day simple moving average of $5.41.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Robinson Capital Management LLC raised its position in shares of Mfs Muni Inc Tr by 501.1% in the second quarter. Robinson Capital Management LLC now owns 1,076,957 shares of the closed-end fund’s stock valued at $6,052,000 after purchasing an additional 897,784 shares during the period. NewEdge Advisors LLC boosted its stake in Mfs Muni Inc Tr by 103.0% in the 2nd quarter. NewEdge Advisors LLC now owns 320,314 shares of the closed-end fund’s stock valued at $1,800,000 after purchasing an additional 162,503 shares during the period. Allworth Financial LP boosted its stake in Mfs Muni Inc Tr by 1,220.8% in the 2nd quarter. Allworth Financial LP now owns 9,602 shares of the closed-end fund’s stock valued at $54,000 after purchasing an additional 8,875 shares during the period. 1607 Capital Partners LLC acquired a new position in Mfs Muni Inc Tr in the 2nd quarter valued at $154,000. Finally, Readystate Asset Management LP acquired a new position in Mfs Muni Inc Tr in the 2nd quarter valued at $178,000.

About Mfs Muni Inc Tr

MFS Municipal Income Trust is a closed-end management investment company listed on the New York Stock Exchange under the symbol MFM. The fund seeks to provide current income that is exempt from federal income tax by investing primarily in municipal bonds and other municipal securities.

The trust’s portfolio may include obligations issued by states, municipalities and other governmental entities, as well as securities issued to finance public infrastructure and essential services. Its investments generally span municipal issuers across the United States, with portfolio composition and geographic exposure changing over time based on market conditions and the fund’s investment strategy.

MFS Municipal Income Trust is managed by MFS Investment Management, an investment management firm that provides portfolio management and related services to mutual funds, closed-end funds and other institutional and individual investors.