MFS Releases Closed-End Fund Income Distribution Sources for Certain Funds

Investors should not draw any conclusions about the funds investment performance from the amount of the funds distributions or from the terms of the funds managed distribution plan.

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Business Wire, Inc.

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Monday, October 26, 2020

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Banking, Professional services, Finance, Finance, Money, Economy, Investment funds, Investment, Mathematical finance, Rate of return, Mutual fund fees and expenses, Bond fund

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United States, Massachusetts

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Summary

Key Points:

Investors should not draw any conclusions about the funds investment performance from the amount of the funds distributions or from the terms of the funds managed distribution plan.
The Board of the fund may amend the terms of the plan or terminate the plan at any time without prior notice to the fund's shareholders.
A return of capital does not necessarily reflect a funds investment performance and should not be confused with yield or income.
Common shares of the Funds are only available for purchase/sale on the NYSE at the current market price (NYSE American for MFS California Municipal Fund).

MFS Investment Management^® (MFS^®) released today the distribution income sources for six of its closed-end funds for October 2020: MFS^® Charter Income Trust (NYSE: MCR), MFS^® Government Markets Income Trust (NYSE: MGF), MFS^® Intermediate High Income Fund (NYSE: CIF), MFS^® Intermediate Income Trust (NYSE: MIN), MFS^® Multimarket Income Trust (NYSE: MMT) and MFS^® Special Value Trust (NYSE: MFV). This information also can be obtained by visiting MFS.com by clicking on Products & Strategies > Closed End Funds > Dividend Source Information.

MFS Charter Income Trust

Distribution period: October 2020

Distribution amount per share: $ 0.05856


The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital or other capital source. The fund’s fiscal year begins each December 1^st. All amounts are expressed per common share.

			Total cumulative distributions for the fiscal year to date	% Breakdown of the total cumulative distributions for the fiscal year to date
	Current distribution	% Breakdown of current distribution

Net Investment Income	$ 0.03152	54%	$ 0.34070	53%
Net Realized ST Cap Gains	0.00000	0%	0.00000	0%
Net Realized LT Cap Gains	0.00000	0%	0.00000	0%
Return of Capital or Other Capital Source	0.02704	46%	0.29810	47%
Total (per common share)	$ 0.05856	100%	$ 0.63880	100%

Average annual total return (in relation to NAV) for the five years ended 9-30-2020				7.92%
Annualized current distribution rate expressed as a percentage of month end NAV as of 9-30-2020				8.07%
Cumulative total return (in relation to NAV) for the fiscal year through 9-30-2020				5.50%
Cumulative fiscal year distributions as a percentage of NAV as of 9-30-2020				7.33%

MFS Government Markets Income Trust

Distribution period: October 2020

Distribution amount per share: $ 0.02908


The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital or other capital source. The fund’s fiscal year begins each December 1^st. All amounts are expressed per common share.

			Total cumulative distributions for the fiscal year to date	% Breakdown of the total cumulative distributions for the fiscal year to date
	Current distribution	% Breakdown of current distribution

Net Investment Income	$ 0.00920	32%	$ 0.09856	31%
Net Realized ST Cap Gains	0.00000	0%	0.00000	0%
Net Realized LT Cap Gains	0.00000	0%	0.00000	0%
Return of Capital or Other Capital Source	0.01988	68%	0.22051	69%
Total (per common share)	$ 0.02908	100%	$ 0.31907	100%

Average annual total return (in relation to NAV) for the five years ended 9-30-2020				4.04%
Annualized current distribution rate expressed as a percentage of month end NAV as of 9-30-2020				7.29%
Cumulative total return (in relation to NAV) for the fiscal year through 9-30-2020				8.82%
Cumulative fiscal year distributions as a percentage of NAV as of 9-30-2020				6.66%

MFS Intermediate High Income Fund

Distribution period: October 2020

Distribution amount per share: $ 0.01909


The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital or other capital source. The fund’s fiscal year begins each December 1^st. All amounts are expressed per common share.

			Total cumulative distributions for the fiscal year to date	% Breakdown of the total cumulative distributions for the fiscal year to date
	Current distribution	% Breakdown of current distribution

Net Investment Income	$ 0.01180	62%	$ 0.12749	61%
Net Realized ST Cap Gains	0.00000	0%	0.00000	0%
Net Realized LT Cap Gains	0.00000	0%	0.00000	0%
Return of Capital or Other Capital Source	0.00729	38%	0.08299	39%
Total (per common share)	$ 0.01909	100%	$ 0.21048	100%

Average annual total return (in relation to NAV) for the five years ended 9-30-2020				7.54%
Annualized current distribution rate expressed as a percentage of month end NAV as of 9-30-2020				9.58%
Cumulative total return (in relation to NAV) for the fiscal year through 9-30-2020				1.61%
Cumulative fiscal year distributions as a percentage of NAV as of 9-30-2020				8.81%

MFS Intermediate Income Trust

Distribution period: October 2020

Distribution amount per share: $ 0.02834


The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital or other capital source. The fund’s fiscal year begins each November 1^st. All amounts are expressed per common share.

			Total cumulative distributions for the fiscal year to date	% Breakdown of the total cumulative distributions for the fiscal year to date
	Current distribution	% Breakdown of current distribution

Net Investment Income	$ 0.00733	26%	$ 0.09208	27%
Net Realized ST Cap Gains	0.00043	2%	0.01124	3%
Net Realized LT Cap Gains	0.00831	29%	0.03590	11%
Return of Capital or Other Capital Source	0.01227	43%	0.20095	59%
Total (per common share)	$ 0.02834	100%	$ 0.34017	100%

Average annual total return (in relation to NAV) for the five years ended 9-30-2020				4.31%
Annualized current distribution rate expressed as a percentage of month end NAV as of 9-30-2020				8.54%
Cumulative total return (in relation to NAV) for the fiscal year through 9-30-2020				7.61%
Cumulative fiscal year distributions as a percentage of NAV as of 9-30-2020				8.55%

MFS Multimarket Income Trust

Distribution period: October 2020

Distribution amount per share: $ 0.04174


The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital or other capital source. The fund’s fiscal year begins each November 1^st. All amounts are expressed per common share.

			Total cumulative distributions for the fiscal year to date	% Breakdown of the total cumulative distributions for the fiscal year to date
	Current distribution	% Breakdown of current distribution

Net Investment Income	$ 0.02449	59%	$ 0.28889	58%
Net Realized ST Cap Gains	0.00000	0%	0.00000	0%
Net Realized LT Cap Gains	0.00000	0%	0.00000	0%
Return of Capital or Other Capital Source	0.01725	41%	0.20503	42%
Total (per common share)	$ 0.04174	100%	$ 0.49392	100%

Average annual total return (in relation to NAV) for the five years ended 9-30-2020				7.69%
Annualized current distribution rate expressed as a percentage of month end NAV as of 9-30-2020				8.08%
Cumulative total return (in relation to NAV) for the fiscal year through 9-30-2020				5.57%
Cumulative fiscal year distributions as a percentage of NAV as of 9-30-2020				7.97%

MFS Special Value Trust

Distribution period: October 2020

Distribution amount per share: $ 0.04364


The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital or other capital source. The fund’s fiscal year begins each November 1^st. All amounts are expressed per common share.

			Total cumulative distributions for the fiscal year to date	% Breakdown of the total cumulative distributions for the fiscal year to date
	Current distribution	% Breakdown of current distribution

Net Investment Income	$ 0.01264	29%	$ 0.14837	28%
Net Realized ST Cap Gains	0.00000	0%	0.00000	0%
Net Realized LT Cap Gains	0.03100	71%	0.34850	65%
Return of Capital or Other Capital Source	0.00000	0%	0.03581	7%
Total (per common share)	$ 0.04364	100%	$ 0.53268	100%

Average annual total return (in relation to NAV) for the five years ended 9-30-2020				7.98%
Annualized current distribution rate expressed as a percentage of month end NAV as 9-30-2020				10.07%
Cumulative total return (in relation to NAV) for the fiscal year through 9-30-2020				1.70%
Cumulative fiscal year distributions as a percentage of NAV as of 9-30-2020				10.24%

The above funds have adopted a managed distribution plan. Under a managed distribution plan, to the extent that sufficient investment income is not available on a monthly basis, the fund will distribute long-term capital gains and/or return of capital in order to maintain its managed distribution level. Investors should not draw any conclusions about the fund’s investment performance from the amount of the fund’s distributions or from the terms of the fund’s managed distribution plan.

The Board of the fund may amend the terms of the plan or terminate the plan at any time without prior notice to the fund's shareholders. The amendment or termination of a plan could have an adverse effect on the market price of the fund’s common shares. The plan will be subject to periodic review by the Board. With each distribution that does not consist solely of net investment income, the fund will issue a notice to shareholders and an accompanying press release which will provide detailed information regarding the amount and estimated composition of the distribution and other related information.

The amounts and sources of distributions reported above are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the fund’s investment experience during its full fiscal year and may be subject to changes based on tax regulations. The fund will send shareholders a Form 1099-DIV for the calendar year that will tell them how to report these distributions for federal income tax purposes. The fund may at times distribute more than its net investment income and net realized capital gains; therefore, a portion of the distribution may result in a return of capital. A return of capital may occur, for example, when some or all of the money that shareholders invested in the fund is paid back to them. A return of capital does not necessarily reflect a fund’s investment performance and should not be confused with ‘yield’ or ‘income’. Any such returns of capital will decrease the fund's total assets and, therefore, could have the effect of increasing the fund's expense ratio. In addition, in order to make the level of distributions called for under its plan, the fund may have to sell portfolio securities at a less than opportune time.

About MFS Investment Management

In 1924, MFS launched the first US open-end mutual fund, opening the door to the markets for millions of everyday investors. Today, as a full-service global investment manager serving financial advisors, intermediaries and institutional clients, MFS still serves a single purpose: to create long-term value for clients by allocating capital responsibly. That takes our powerful investment approach combining collective expertise, thoughtful risk management and long-term discipline. Supported by our culture of shared values and collaboration, our teams of diverse thinkers actively debate ideas and assess material risks to uncover what we believe are the best investment opportunities in the market. As of September 30, 2020, MFS manages US$548.2 billion in assets on behalf of individual and institutional investors worldwide. Please visit mfs.com for more information.

The Funds are closed-end Funds. Common shares of the Funds are only available for purchase/sale on the NYSE at the current market price (NYSE American for MFS California Municipal Fund). Shares may trade at a discount to NAV.

MFS Investment Management

111 Huntington Ave., Boston, MA 02199

15668.146

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