Company: MMT
Filing Date: 2025-12-12
Form Type: PRE 14A
Source: 0000930413-25-003631
Chunk: 35

Company: MFS MULTIMARKET INCOME TRUST
Filing Date: 2025-12-12
Form: PRE 14A
Chunk 35
---
the corresponding Trust would be effected pursuant to the respective Agreement and Plan of Reorganization between such Target Fund
and such Trust (each, a “” and, collectively, the “”),
and is subject to the approval of each Target Fund’s shareholders pursuant to the applicable Target Funds Prospectus/Proxy Statement.
Each Reorganization has been approved by the applicable Trust’s Board. Shareholders of each Trust are being asked to approve their
Share Issuance Proposal to enable such Trust to issue the shares necessary to complete each Reorganization pursuant to rules of
the NYSE (on which each Trust’s common shares are listed). If the common shareholders of MMT do not approve the Share Issuance
Proposal, MMT may still issue Common Merger Shares to the common shareholders of CIF in connection with CIF’s Reorganization
pursuant to rules of the NYSE so long as the number of such Common Merger Shares so issued is less than 20 percent of the number
of MMT common shares outstanding before such issuance.

Following the Reorganizations, shareholders
of each Trust will experience an increase in the assets under management. The Reorganizations are expected to benefit each Trust’s
shareholders in a number of important ways. The Reorganizations are expected to provide greater opportunities to realize economies
of scale by combining each Trust’s assets with the assets of the corresponding Target Funds resulting in a larger fund.

MMT as it would exist after each Taxable
Fund Merger is referred to as the “” and MFM as it would exist after each Municipal Fund Merger
is referred to as the “” (together with the MMT Combined Fund, each a “”
and collectively the “”).

Subject to shareholder approval of each
Reorganization Agreement by the shareholders of the respective Target Fund and of the Share Issuance Proposal by the shareholders
of each Trust, each Reorganization Agreement provides for:

| 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