MFS Releases Closed-End Fund Income Distribution Sources for Certain Funds
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Distribution Information: MFS Investment Management announced the distribution income sources for five of its closed-end funds for February 2025, detailing amounts per share and their breakdown from net investment income, capital gains, and return of capital.
Managed Distribution Plan: The funds operate under a managed distribution plan, which may include distributions beyond net investment income, potentially impacting total assets and expense ratios; actual tax reporting will depend on the fund's performance throughout the fiscal year.
Analyst Views on CIF
Wall Street analysts forecast CIF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CIF is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 1.710
Low
Averages
High
Current: 1.710
Low
Averages
High
No data
About CIF
MFS Intermediate High Income Fund (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to seek high current income, but may also consider capital appreciation. The Fund invests at least 80% of the fund’s net assets, including borrowings for investment purposes, in high-income debt instruments. The Fund invests in high-yield securities rated below investment grade. It also invests in foreign securities. The Fund invests in various sectors, such as aerospace and defense, automotive, broadcasting, brokerage and asset managers, building, business services, cable television, chemicals, computer software, computer software-systems, construction, consumer services, containers, electrical equipment, entertainment, financial institutions, food and beverages, gaming and lodging, industrial, insurance-property and casualty, and machinery and tools and others. Massachusetts Financial Services Company is the investment adviser of the Fund.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
