MFS Intermediate Income Trust (NYSE:MIN) Director Todd Reit Purchases 4,400 Shares of Stock

MFS Intermediate Income Trust (NYSE:MIN) Director Todd Reit bought 4,400 shares of the company’s stock in a transaction dated Tuesday, July 21st. The shares were acquired at an average cost of $2.49 per share, for a total transaction of $10,956.00. Following the completion of the transaction, the director owned 4,400 shares of the company’s stock, valued at approximately $10,956. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

MFS Intermediate Income Trust Trading Up 0.6%

NYSE:MIN opened at $2.40 on Wednesday. MFS Intermediate Income Trust has a one year low of $2.39 and a one year high of $2.72. The business’s 50-day simple moving average is $2.45 and its 200 day simple moving average is $2.50.

MFS Intermediate Income Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Thursday, July 23rd will be given a $0.02 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.0%. The ex-dividend date of this dividend is Thursday, July 23rd. This is a positive change from MFS Intermediate Income Trust’s previous monthly dividend of $0.02.

Institutional Trading of MFS Intermediate Income Trust

Several institutional investors have recently added to or reduced their stakes in MIN. Sit Investment Associates Inc. boosted its stake in MFS Intermediate Income Trust by 0.7% during the 4th quarter. Sit Investment Associates Inc. now owns 29,167,975 shares of the financial services provider’s stock valued at $76,128,000 after acquiring an additional 213,250 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of MFS Intermediate Income Trust by 6.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,232,821 shares of the financial services provider’s stock worth $8,664,000 after purchasing an additional 206,565 shares during the last quarter. Bank of America Corp DE raised its stake in shares of MFS Intermediate Income Trust by 26.2% in the 3rd quarter. Bank of America Corp DE now owns 898,697 shares of the financial services provider’s stock valued at $2,409,000 after purchasing an additional 186,567 shares in the last quarter. Equitable Holdings Inc. raised its stake in shares of MFS Intermediate Income Trust by 20.8% in the 4th quarter. Equitable Holdings Inc. now owns 701,847 shares of the financial services provider’s stock valued at $1,832,000 after purchasing an additional 121,083 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its position in shares of MFS Intermediate Income Trust by 3.6% during the fourth quarter. Osaic Holdings Inc. now owns 2,107,608 shares of the financial services provider’s stock worth $5,501,000 after purchasing an additional 72,988 shares during the last quarter. 50.90% of the stock is owned by institutional investors and hedge funds.

MFS Intermediate Income Trust Company Profile

MFS Intermediate Income Trust (NYSE: MIN) is a closed-end management investment company that seeks to provide a high level of current income consistent with the preservation of capital. The Trust pursues its objective by investing primarily in a diversified portfolio of intermediate-duration fixed-income securities. Its holdings typically include investment-grade corporate bonds, mortgage- and asset-backed securities, and select non-investment-grade debt instruments. The Trust may employ leverage to enhance income potential and intends to distribute gains and interest earnings on a monthly basis.

The portfolio is managed by the fixed-income team at MFS Investment Management, a global asset manager founded in 1924 and headquartered in Boston, Massachusetts.