MGF Board Approves 7.25% Level Monthly Distribution Plan Starting October 2007
The board of MFS Government Markets Income Trust (NYSE: MGF) approved a level-distribution plan that will pay monthly distributions to common shareholders at an annual minimum fixed rate of 7.25% of average monthly net asset value, starting October 2007. The filing says the rate exceeds the trust's net investment income, so distributions may include return of shareholder capital, which would reduce total assets.
Key points
- Monthly distributions begin October 2007 at an annual minimum fixed rate of 7.25% of average monthly net asset value
- The 7.25% rate currently exceeds net investment income, so distributions may include return of capital
- Adviser MFS says the plan may narrow or eliminate the discount to net asset value, but no assurance is given
- Shareholders will vote on a leverage proposal of up to 33 1/3 percent of assets at the November 1, 2007 annual meeting
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 27, 2007.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.