Connections MFS Special Value Trust

MFS Special Value Trust (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to seek high current income but may consider capital appreciation. The principal investment types in which the Fund may invest are debt instruments, corporate bonds, United States government securities, foreign government securities, equity securities, and derivatives. Massachusetts Financial Services Company (MFS), the Fund's investment adviser, normally invests the majority of the Fund's assets in debt instruments, including investment grade quality debt instruments. In addition, MFS normally invests a portion of the Fund's assets in equity securities. MFS normally invests the Fund's assets across different industries and sectors, but MFS may invest a significant percentage of the Fund's assets in issuers in a single industry or sector. Its portfolio of investment includes United States treasuries, high yield corporates, high grade corporates, and others.