Rivernorth Capital Management LLC Purchases 97,052 Shares of Mfs Muni Inc Tr $MFM

Rivernorth Capital Management LLC grew its holdings in shares of Mfs Muni Inc Tr (NYSE:MFM) by 12.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 908,050 shares of the closed-end fund’s stock after purchasing an additional 97,052 shares during the quarter. Rivernorth Capital Management LLC owned about 2.20% of Mfs Muni Inc Tr worth $4,894,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Royal Bank of Canada lifted its stake in shares of Mfs Muni Inc Tr by 23.3% during the 1st quarter. Royal Bank of Canada now owns 128,209 shares of the closed-end fund’s stock valued at $691,000 after buying an additional 24,243 shares in the last quarter. Cetera Investment Advisers raised its holdings in Mfs Muni Inc Tr by 22.4% during the 1st quarter. Cetera Investment Advisers now owns 34,303 shares of the closed-end fund’s stock valued at $185,000 after acquiring an additional 6,268 shares during the period. Balanced Wealth Group LLC lifted its position in shares of Mfs Muni Inc Tr by 2.6% during the first quarter. Balanced Wealth Group LLC now owns 195,055 shares of the closed-end fund’s stock worth $1,051,000 after acquiring an additional 4,883 shares in the last quarter. Riverbridge Partners LLC grew its position in shares of Mfs Muni Inc Tr by 10.7% in the first quarter. Riverbridge Partners LLC now owns 181,261 shares of the closed-end fund’s stock valued at $977,000 after purchasing an additional 17,534 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in Mfs Muni Inc Tr by 5.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 154,492 shares of the closed-end fund’s stock worth $839,000 after purchasing an additional 8,300 shares in the last quarter.

Mfs Muni Inc Tr Stock Down 0.2%

MFM stock opened at $5.37 on Wednesday. Mfs Muni Inc Tr has a twelve month low of $5.03 and a twelve month high of $5.67. The stock has a 50-day simple moving average of $5.48 and a two-hundred day simple moving average of $5.46.

Mfs Muni Inc Tr Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Thursday, July 23rd will be issued a dividend of $0.03 per share. This represents a c) dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend is Thursday, July 23rd.

Mfs Muni Inc Tr Profile

MFS Municipal Income Trust (NYSE: MFM) is a closed-end management investment company that seeks to provide shareholders with a high level of income exempt from federal income tax. The trust primarily invests in a diversified portfolio of municipal securities, including both general obligation and revenue bonds issued by U.S. states, territories and municipalities. Its shares trade on the New York Stock Exchange, offering investors access to a professionally managed municipal bond portfolio within a single, publicly traded vehicle.

At least 80% of the trust’s total assets are allocated to investment-grade municipal debt, with the flexibility to invest up to 20% in non-investment grade or unrated securities when market conditions warrant.