Posted inHome life
The curious case of MFS Total Return Fund (MSFRX) distribution history
I'm a long-time owner of the MFS Total Return fund. This is a well-respected mutual fund with a usual 60-40 split between stocks and bonds/cash. So the fund generates a fairly generous income stream. Many years ago a personal holding company founded by my grandfather and uncle merged with the Total Return fund. The fund got a bunch of quality stocks, and the personal holding company received Total Return Fund shares equal in value to what the stocks were worth. (The fund absorbed all of the capital gains from the stocks, a big benefit to the personal holding company.) After…
