Rivernorth Capital Management LLC Buys Shares of 337,192 MFS Multimarket Income Trust $MMT

Rivernorth Capital Management LLC purchased a new stake in shares of MFS Multimarket Income Trust (NYSE:MMT) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 337,192 shares of the closed-end fund’s stock, valued at approximately $1,558,000.

Other institutional investors have also modified their holdings of the company. Geneos Wealth Management Inc. increased its holdings in shares of MFS Multimarket Income Trust by 780.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 10,155 shares of the closed-end fund’s stock worth $47,000 after acquiring an additional 9,001 shares during the period. Gerald Baker Financial Group LLC acquired a new position in MFS Multimarket Income Trust during the 1st quarter valued at about $57,000. Melfa Wealth Management Inc. bought a new position in MFS Multimarket Income Trust in the 4th quarter worth about $72,000. Beacon Pointe Advisors LLC bought a new position in MFS Multimarket Income Trust in the 4th quarter worth about $73,000. Finally, Jane Street Group LLC acquired a new stake in shares of MFS Multimarket Income Trust in the second quarter valued at approximately $84,000. Institutional investors own 18.97% of the company’s stock.

MFS Multimarket Income Trust Stock Down 0.3%

MMT opened at $4.33 on Thursday. The business’s 50 day moving average is $4.45 and its 200-day moving average is $4.56. MFS Multimarket Income Trust has a twelve month low of $4.31 and a twelve month high of $4.87.

MFS Multimarket Income Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Thursday, July 23rd will be paid a $0.04 dividend. The ex-dividend date of this dividend is Thursday, July 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 11.1%. This is an increase from MFS Multimarket Income Trust’s previous monthly dividend of $0.03.

MFS Multimarket Income Trust Company Profile

MFS Multimarket Income Trust (NYSE: MMT) is a closed-end management investment company that seeks to provide high current income through investments in a diversified global portfolio of income-producing securities. Launched in 1987, the trust is managed by MFS Investment Management, a Boston-based asset manager with roots dating back to 1924. MFS Investment Management acts as the investment adviser and leverages its multi-asset research capabilities to build and monitor MMT’s portfolio on behalf of shareholders.

The trust’s principal investment activities encompass a broad range of fixed-income and equity-related instruments.