MFS Announces Portfolio Management Changes for MFS Intermediate Income Trust
March 31 2015 - 4:30PM
Business Wire
MFS Investment Management® (MFS®) is announcing changes to the
portfolio management team of MFS Intermediate Income Trust (NYSE:
MIN) ("the Fund"), a closed end fund. Effective at the close of
business today, Matthew Ryan and Ward Brown will no longer manage
the fund. Current portfolio management team members James Calmas
and Erik Weisman will continue to manage the fund.
The fund, which has an investment objective to seek high current
income, but may also consider capital appreciation, will maintain
its investment objective and strategy.
Calmas has been a member of the portfolio management team of the
Fund since 2002. Weisman joined the portfolio management team in
2004. The team is supported by MFS' entire team of fixed income
investment professionals.
Ryan and Brown will continue with their other current portfolio
management responsibilities at MFS.
About MFS Investment Management
MFS is an active, global asset manager with investment offices
in Boston, Hong Kong, London, Mexico City, São Paulo, Singapore,
Sydney, Tokyo and Toronto. We employ a uniquely collaborative
approach to build better insights for our clients. Our investment
approach has three core elements of integrated research, global
collaboration and active risk management. Established in 1924, MFS
manages US$445.8 billion in assets on behalf of individual and
institutional investors worldwide, as of February 28, 2015.
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 fund is a closed-end investment product. Common shares of
the fund are only available for purchase/sale on the NYSE at the
current market price. Shares may trade at a discount to
NAV.
MFS Investment Management111
Huntington Ave, Boston, MA 02199
32917.1
MFS Shareholders or Advisors (investment product
information):Eric Zubris, 800-343-2829, ext. 56152orMedia
Only:James Aber, 617-954-6154orDan Flaherty, 617-954-4256
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