Fund Description: MFS Municipal Income Trust is an exchange-traded closed-end fund or a closed-end ETF which is officially described as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Fund's investment objective is to provide high current income exempt from federal taxes. FUND STRATEGY: The Fund seeks to meeting its investment objective by investing primarily (i.e., at least 80% of its assets under normal circumstances) in debt securities issued by or on behalf of states, territories, and possessions of the United States, and the District of Columbia, and their political subdivisions, agencies or instrumentalities, the interest on which is exempt from federal income tax. FUND MANAGEMENT: Massachusetts Financial Services Company (“MFS”) is the investment advisor of the Fund and also provides administrative and other services to the Fund.