FMP
MFS Intermediate Income Trust
MIN
NYSE
MFS Intermediate Income Trust is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets across the globe. It primarily invests in debt instruments. The fund seeks to benchmarks the performance of its portfolio against the Barclays Intermediate U.S. Government/Credit and MFS Intermediate Income Trust Blended Index. MFS Intermediate Income Trust was formed on March 17, 1988 and is domiciled in the United States.
2.64 USD
0 (0%)
Seeking Alpha
May 20, 2024
MFS Intermediate Income Fund offers a 9.19% yield, but it is not attractive compared to other options in the market. The fund's performance has been poor over the past three years, with a decline of 29.84%. The fund's distribution does not seem to be sustainable, as it is not covering its distributions with net investment income.
Forbes
Jan 16, 2024
Here's the thing about high-yield closed-end funds (CEFs): sometimes a CEF will seem to have all the earmarks of a terrific investment: high (and monthly) dividends, reasonable fees and reputable management. But it'll still come up short.
Seeking Alpha
Jan 12, 2024
MFS Intermediate Income Fund attracts retail investors with its high, unsupported dividend yield of 9%. MIN utilizes artificial yields by distributing more than its actual cash flows, leading to a decreasing net asset value. Despite the artificial yield, MIN's total return is competitive compared to similar ETFs.
Seeking Alpha
Dec 3, 2023
Investment-grade corporate-focused closed-end funds offer attractive fixed-income options with higher yields in the current higher-rate environment. Leverage and discounts/premiums in CEFs add volatility to consider when investing in these funds, which would otherwise be for more conservative investors. Besides the higher yields, when rates decline investment-grade funds should see a significant rebound, adding a catalyst for potential upside and 'locking in' higher yields now.
Seeking Alpha
Oct 12, 2023
The MFS Intermediate Income Trust has struggled to earn sufficient returns to support its 8.5% distribution yield. The fund has been relying on liquidating assets to fund its distributions, resulting in a decline in its net asset value. Investors should consider alternative high-yielding investments that earn more than they pay in distributions, such as treasury bill funds or AAA CLO ETFs.
Seeking Alpha
Jan 4, 2023
The MIN fund invests in investment grade bonds and treasuries. It targets an 8.5% of NAV monthly distribution.
Seeking Alpha
Oct 26, 2022
MFS Intermediate Income Trust (MIN) is a fixed income CEF that focuses on treasuries and investment-grade bonds. The fund has no leverage but has been pummeled in 2022 as rates have risen.
Seeking Alpha
Mar 25, 2022
MFS Intermediate Income Trust is a closed end fund that invests in Treasuries and investment-grade bonds.
Seeking Alpha
Aug 31, 2021
'Slip, Slidin Away' - What Happens To Funds That Over-Distribute Their Earnings
Seeking Alpha
Aug 18, 2021
Last year we used MFS Intermediate Income Trust (MIN) as the ideal case study for explaining how to tell the difference between "constructive" and "destructive" return of capital. Unfortunately MIN's is the "destructive" variety since they have a long history of paying out more in distributions than the fund actually earns.