Morgan Stanley Amends MFS Charter Income Trust Stake
Ticker: MCR · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 851170
| Field | Detail |
|---|---|
| Company | Mfs Charter Income Trust (MCR) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**Morgan Stanley updated its passive stake in MFS Charter Income Trust.**
AI Summary
Morgan Stanley filed an Amendment No. 17 to its SC 13G filing on February 9, 2024, indicating its ownership of Common Stock in MFS Charter Income Trust as of December 31, 2023. This update, filed under Rule 13d-1(b), signals a passive investment position by Morgan Stanley. For investors, this matters because it shows a major financial institution maintains a significant, though not activist, stake in MFS Charter Income Trust, potentially lending some stability or institutional interest to the stock.
Why It Matters
This filing confirms Morgan Stanley's continued passive ownership in MFS Charter Income Trust, providing transparency on institutional holdings without suggesting any immediate strategic changes.
Risk Assessment
Risk Level: low — This is a routine amendment to a passive ownership filing, indicating no immediate change in investment strategy or significant risk.
Analyst Insight
Investors should note that Morgan Stanley maintains a passive stake, meaning they are not seeking to influence management or control the company. This filing is a routine disclosure and doesn't signal any immediate buy or sell action, but rather confirms ongoing institutional interest.
Key Players & Entities
- Morgan Stanley (company) — the entity filing the SC 13G/A amendment
- MFS Charter Income Trust (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- February 9, 2024 (date) — the date the SC 13G/A was filed
- Amendment No. 17 (number) — the specific amendment number to the SC 13G filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is Morgan Stanley, with a Central Index Key (CIK) of 0000895421.
What is the subject company of this filing?
The subject company is MFS Charter Income Trust, identified by the CIK 0000851170.
What is the CUSIP number for the securities mentioned in the filing?
The CUSIP number for the Common Stock of MFS Charter Income Trust is 552727109.
What was the 'Date Of Event which Requires Filing of this Statement'?
The 'Date Of Event which Requires Filing of this Statement' was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 regarding MFS CHARTER INCOME TRUST (MCR).