MFS Closed End Fund Portfolio Management Team Announcement
February 09 2023 - 8:55AM
Business Wire
MFS Investment Management® (MFS®) is making a portfolio
management team announcement for MFS® Charter Income Trust (NYSE:
MCR), MFS® Multimarket Income Trust (NYSE: MMT), and MFS® Special
Value Trust (NYSE: MFV), each a closed end fund.
Effective March 31, 2023, Neeraj Arora will join the portfolio
management teams responsible for MFS® Charter Income Trust and MFS®
Multimarket Income Trust.
Effective April 30, 2024, Matt Ryan will retire from MFS and his
portfolio management responsibilities on the MFS® Charter Income
Trust, MFS® Multimarket Income Trust, and MFS® Special Value
Trust.
The investment objective and investment strategy of each fund
will not change as a result of these announcements.
About MFS Investment Management
In 1924, MFS launched the first US open-end mutual fund, opening
the door to the markets for millions of everyday investors. Today,
as a full-service global investment manager serving financial
advisors, intermediaries and institutional clients, MFS still
serves a single purpose: to create long-term value for clients by
allocating capital responsibly. That takes our powerful investment
approach combining collective expertise, thoughtful risk management
and long-term discipline. Supported by our culture of shared values
and collaboration, our teams of diverse thinkers actively debate
ideas and assess material risks to uncover what we believe are the
best investment opportunities in the market. As of December 31,
2022, MFS manages US$547.9 billion in assets on behalf of
individual and institutional investors worldwide.
Statements made in this release that look forward in time
involve risks and uncertainties and are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such risks and uncertainties include, without limitation,
the adverse effect from a decline in the securities markets or a
decline in a Fund’s performance, a general downturn in the economy,
competition from other closed-end investment companies, changes in
government policy or regulation, inability of a Fund’s investment
adviser to attract or retain key employees, inability of a Fund to
implement its investment strategy, inability of a Fund to manage
rapid expansion and unforeseen costs and other effects related to
legal proceedings or investigations of governmental and
self-regulatory organizations.
The Funds are closed-end investment company products advised
by MFS Investment Management. Closed-end funds, unlike open-end
funds, are not continuously offered. There is a one-time public
offering and once issued, common shares of the funds are bought and
sold in the open market through a stock exchange. Shares of the
funds are not FDIC-insured and are not deposits or other
obligations of, or guaranteed by, any bank. Shares of the funds
involve investment risk, including possible loss of
principal.
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version on businesswire.com: https://www.businesswire.com/news/home/20230209005469/en/
Dan Flaherty, +1 617 954 4256 Cherida
Naughton +44 207 429 7426 For shareholders/advisors:
Jeffrey Schwarz, 1 800 343 2829, ext. 55872
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