Company: MMT
Filing Date: 2025-12-12
Form Type: PRE 14A
Source: 0000930413-25-003631
Chunk: 10

Company: MFS MULTIMARKET INCOME TRUST
Filing Date: 2025-12-12
Form: PRE 14A
Chunk 10
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 the satisfaction
or waiver of certain other conditions, each Reorganization would be effected pursuant to a separate Agreement and Plan of Reorganization,
which provides, at a high level, for the following:

| i.   | the transfer of all of the assets                                                        
 of each Target Fund to the corresponding Trust and the assumption by such Trust of the   
 liabilities of such corresponding Target Fund;                                           |
| ii.  | for the Taxable Fund Mergers,                                                            
 the delivery to each Target Taxable Fund by MMT of MMT Merger Shares (and cash in lieu   
 of fractional MMT Merger Shares, if any) having an aggregate net asset value equal to    
 the net asset value of the Target Taxable Fund on such date;                             |
| iii. | for the Municipal Fund Mergers,                                                          
 the delivery to each Target Municipal Fund of MFM Merger Shares (and cash in lieu of     
 fractional MFM Merger Shares, if any) and, in the case of CXE, CMU and CXH, newly-issued 
 RVMTP Shares of MFM (the “RVMTP Merger Shares”) having an aggregate                      
 net asset value equal to the net asset value of the Target Municipal Fund on such date;  |
| iv.  | the distribution of each Trust’s                                                         
 Common Merger Shares (and cash in lieu of fractional Common Merger Shares, if any) pro   
 rata to the common shareholders of the corresponding Target Fund;                        |
| v.   | in the case of CXE, CMU and CXH,                                                         
 the distribution of the RVMTP Merger Shares pro rata to the shareholders of RVMTP Shares 
 of the corresponding Target Municipal Fund; and                                          |
| vi.  | the subsequent termination, dissolution                                                  
 and complete liquidation of each Target Fund.                                            |

| 5 |

Immediately after the close of each Reorganization,
the common shareholders of each Target Fund would hold common shares of the corresponding Combined Fund (and cash in lieu of fractional
Common Merger Shares, if any) having an aggregate NAV equal to the aggregate NAV of the common shares of such Target Fund held
by those shareholders as of the close of business on the Closing Date. Immediately after the close of each Municipal Fund Merger,
the preferred shareholders of each Target Municipal Fund would hold RVMTP Shares of the MFM Combined Fund having an aggregate
liquidation preference equal to the aggregate liquidation preference of the RVMTP Shares of such