Mfs Muni Inc Tr (MFM) to Issue Monthly Dividend of $0.02 on January 30th

Mfs Muni Inc Tr (NYSE:MFM) declared a monthly dividend on Friday, January 2nd. Shareholders of record on Tuesday, January 20th will be given a dividend of 0.024 per share by the closed-end fund on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Tuesday, January 20th.

Mfs Muni Inc Tr Trading Up 0.1%

NYSE MFM opened at $5.52 on Friday. Mfs Muni Inc Tr has a fifty-two week low of $4.94 and a fifty-two week high of $5.59. The stock has a 50 day simple moving average of $5.39 and a two-hundred day simple moving average of $5.30.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Pathstone Holdings LLC raised its holdings in Mfs Muni Inc Tr by 46.1% in the 3rd quarter. Pathstone Holdings LLC now owns 3,944,944 shares of the closed-end fund’s stock worth $21,263,000 after purchasing an additional 1,245,143 shares in the last quarter. Gridiron Partners LLC increased its position in shares of Mfs Muni Inc Tr by 2,495.5% during the third quarter. Gridiron Partners LLC now owns 308,165 shares of the closed-end fund’s stock valued at $1,661,000 after buying an additional 296,292 shares during the period. Balanced Wealth Group LLC bought a new position in Mfs Muni Inc Tr in the fourth quarter worth about $1,021,000. Hennion & Walsh Asset Management Inc. lifted its holdings in Mfs Muni Inc Tr by 29.9% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 675,044 shares of the closed-end fund’s stock worth $3,665,000 after buying an additional 155,576 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in Mfs Muni Inc Tr by 14.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 873,146 shares of the closed-end fund’s stock valued at $4,514,000 after acquiring an additional 106,967 shares in 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.