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Aberdeen assumes management of MFS Intermediate Income Trust and renames fund
Effective after the close of trading on the NYSE, Aberdeen has assumed management of the MFS Intermediate Income Trust; the fund was renamed Aberdeen Intermediate Income Fund but retains the ticker MIN and CUSIP 55273C107 and will continue to trade on the NYSE. The fund is quoted at $2.47, has a market capitalization of $280.51 million, a dividend yield of 9.04%, has paid dividends for 39 years and shows low volatility (beta 0.27). The investment objective remains unchanged; Aberdeen’s Global Fixed Income team manages the fund using a team approach, with Bill Bellinzoni, Bill Hines, Anthony Merola and Jonathan Mondillo as the responsible portfolio managers; Aberdeen managed approximately $506 billion as of March 31. » More on de.investing.com
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