Company: MMT
Filing Date: 2025-12-12
Form Type: PRE 14A
Source: 0000930413-25-003631
Chunk: 44

Company: MFS MULTIMARKET INCOME TRUST
Filing Date: 2025-12-12
Form: PRE 14A
Chunk 44
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 and as described herein, and such other items as Ropes & Gray LLP (and Dechert LLP in the case of VFL)
deems necessary to render the opinion.

No Target Fund or Trust has requested
or will request an advance ruling from the IRS as to the U.S. federal income tax consequences of the Reorganizations. An opinion
of counsel is not binding on the IRS or a court, and no assurance can be given that the IRS would not assert, or a court would
not sustain, a contrary position. Copies of the opinions will be filed with the SEC and will be available for public inspection
after the Closing Date.

The taxable year of each Target Fund
will end as a result of the Reorganizations, which may result in the acceleration of distributions to shareholders of each Target
Fund and the recognition of additional gain or loss by the Target Funds. Each Target Fund is currently anticipated to pay a distribution
of all of its undistributed investment company taxable income and net realized capital gains, including any gains resulting from
any repositioning of the Target Fund’s portfolio (as reduced by any available capital loss carryforwards) in connection with
the Reorganizations, and net tax-exempt interest income, if any, which distribution may be taxable to shareholders. As a result,
shareholders of each Target Fund may pay more in taxes or pay taxes sooner than they would have had the Reorganizations not occurred.

Assuming a Reorganization qualifies as
a tax-free reorganization, as expected, the tax attributes of each Trust following the Reorganization will reflect a blending of
the tax attributes of the corresponding Target Funds and the Trust prior to the Reorganization. Each Trust will succeed to capital loss carryforwards, if any (and certain unrealized built-in losses, if any), of each of the applicable acquired Target Funds, which may be subject to the tax loss limitation rules described below because a Target Fund may undergo an “ownership change” for U.S. federal income tax purposes, and such limitations might be significant. Depending on which of the Reorganizations are completed, each Trust’s own capital loss carryforwards (and certain unrealized built-in losses, if any) may also be subject to the tax loss limitation rules described below because such Trust may also undergo an “ownership change” for U.S. federal income tax purposes, and such limitation might be significant. For each Fund that undergoes an “ownership change,” the Code generally limits the amount of pre-ownership change losses that may be used to

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