BOSTON--(BUSINESS WIRE)--
MFS Investment Management® (MFS®) is announcing a change to the portfolio management team of MFS Intermediate Income Trust (NYSE: MIN) ("the Fund"), a closed end fund. Effective November 1, 2017, Erik Weisman will relinquish his portfolio management duties of the fund. Lead manager Geoffrey Schechter and manager Alexander Mackey continue to manage the fund. The portfolio management team continues to be supported by MFS' entire team of fixed income investment professionals.
Weisman remains a fixed income portfolio manager at MFS and his other portfolio management assignments are unaffected by this change.
About MFS Investment Management
Established in 1924, MFS is
an active, global investment manager with investment offices in Boston,
Hong Kong, London, Mexico City, São Paulo, Singapore, Sydney, Tokyo and
Toronto. We employ a uniquely collaborative approach to build better
insights for our clients. Our investment approach has three core
elements: integrated research, global collaboration and active risk
management. As of September 30, 2017, MFS manages US$472.2 billion in
assets on behalf of individual and institutional investors worldwide.
Please visit mfs.com for more information.
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.
About the Fund
The Fund is a closed-end investment
company product. Common shares of the Fund are only available for
purchase/sale on the NYSE at the current market price. Shares may
trade at a discount to NAV. Shares of the Fund are not FDIC-insured and
are not deposits or other obligations of, or guaranteed by, any bank.
Shares of the Fund involve investment risk, including possible loss
of principal. For more complete information about the Fund,
including risks, charges, and expenses, please see the Fund's annual and
semi-annual shareholder reports or contact your financial adviser
MFS Investment Management
111 Huntington Ave, Boston, MA
02199
39074.1
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