GatePass Capital LLC Boosts Stock Position in MFS Intermediate Income Trust $MIN

GatePass Capital LLC boosted its stake in shares of MFS Intermediate Income Trust (NYSE:MIN) by 2,212.3% in the second quarter, Holdings Channel reports. The fund owned 601,200 shares of the financial services provider’s stock after purchasing an additional 575,200 shares during the period. GatePass Capital LLC’s holdings in MFS Intermediate Income Trust were worth $1,485,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of MIN. Landscape Capital Management L.L.C. acquired a new position in shares of MFS Intermediate Income Trust in the fourth quarter valued at approximately $34,000. Integrated Wealth Concepts LLC acquired a new stake in shares of MFS Intermediate Income Trust during the third quarter worth $39,000. Compound Planning Inc. acquired a new stake in shares of MFS Intermediate Income Trust during the fourth quarter worth $45,000. Benjamin Edwards Inc. grew its position in MFS Intermediate Income Trust by 34.7% in the 4th quarter. Benjamin Edwards Inc. now owns 27,170 shares of the financial services provider’s stock valued at $71,000 after buying an additional 7,000 shares during the last quarter. Finally, Evolve Private Wealth LLC purchased a new position in MFS Intermediate Income Trust in the 1st quarter valued at $75,000. 50.90% of the stock is currently owned by hedge funds and other institutional investors.

MFS Intermediate Income Trust Price Performance

Shares of MIN opened at $2.48 on Friday. MFS Intermediate Income Trust has a 1 year low of $2.39 and a 1 year high of $2.72. The company’s fifty day moving average is $2.44 and its two-hundred day moving average is $2.49.

MFS Intermediate Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be paid a dividend of $0.02 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.7%. The ex-dividend date is Monday, August 24th.

About MFS Intermediate Income Trust

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.