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MFS Releases Closed-End Fund Income Distribution Sources for Certain Funds
Business Wire (Tue, 30-Apr 4:15 PM ET)
MFS Investment Management Announces Liquidating Distribution for MFS Special Value Trust
Business Wire (Mon, 29-Apr 4:15 PM ET)
MFS Announces Closed-End Fund Distributions
Business Wire (Mon, 1-Apr 4:15 PM ET)
MFS Investment Management Announces Planned Liquidation of MFS Special Value Trust
Business Wire (Tue, 13-Feb 4:40 PM ET)
The fund’s investment objective is to seek high current income, but may also consider capital appreciation. MFS normally invests the fund’s assets primarily in debt instruments. MFS normally invests the fund’s assets in US Government securities, foreign government securities, mortgage-backed and other asset-backed securities of US and foreign issuers, corporate bonds of US and/or foreign issuers, debt instruments of issuers located in emerging market countries, and/or equity securities. MFS allocates the fund’s assets across these categories with a view toward broad diversification across and within these categories.
MFS Special Value Trust trades on the NYSE stock market under the symbol MFV.
As of May 6, 2024, MFV stock price was flat at $4.41 with million shares trading.
MFV has a beta of 0.51, meaning it tends to be less sensitive to market movements. MFV has a correlation of 0.24 to the broad based SPY ETF.
MFV has a market cap of $32.15 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, MFV stock traded as high as $7.18 and as low as $3.74.
MFV has underperformed the market in the last year with a price return of +15.0% while the SPY ETF gained +28.3%. However, in the short term, MFV had mixed performance relative to the market. It has outperformed in the last 3 months, returning +9.1% vs +4.8% return in SPY. But in the last 2 weeks, MFV shares have been beat by the market, returning 0.0% compared to an SPY return of +4.3%.
MFV support price is $4.41 and resistance is $4.42 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MFV stock will trade within this expected range on the day.