MFS Closed End Fund Portfolio Management Team Announcement
January 24 2023 - 8:56AM
Business Wire
MFS Investment Management® (MFS®) is making a portfolio
management team announcement for MFS® Charter Income Trust (NYSE:
MCR) and MFS® Multimarket Income Trust (NYSE: MMT), each a closed
end fund.
Effective January 20, 2023, John “Jay” Mitchell has joined the
portfolio management teams responsible for MFS® Charter Income
Trust and MFS® Multimarket Income Trust. Henry Peabody has
relinquished his portfolio management responsibilities on these two
funds and has left the firm to pursue other opportunities.
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.
53667.1
MFS Investment Management 111 Huntington
Avenue Boston, MA 02199
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version on businesswire.com: https://www.businesswire.com/news/home/20230124005681/en/
Media contact: 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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