MFS Municipal Income Trust

MFS Municipal Income Trust is a closed-end fixed income mutual fund managed by Massachusetts Financial Services Company. Its primary objective is to deliver a steady stream of income that is generally exempt from federal income tax, making it appealing for investors seeking tax-advantaged sources of income. The fund principally invests in a diversified portfolio of US municipal bonds and tax-exempt notes, spanning various states and municipalities. These investments support essential public projects, such as schools, roads, and utilities, thereby playing a vital role in local infrastructure development. By tracking benchmarks like the Bloomberg Municipal Bond Index, MFS Municipal Income Trust emphasizes risk-managed, long-term performance. The fund’s asset allocation is overwhelmingly focused on municipal securities, with occasional exposure to high yield corporates and cash equivalents. Overseen by a veteran investment team, the Trust offers shareholders regular income distributions, typically at a competitive distribution rate relative to both NAV and market price. The fund, established in 1986, is recognized for its stability and its contribution to providing investors access to the municipal bond market within a managed and tradable vehicle.