Company: MMT
Filing Date: 2025-12-12
Form Type: PRE 14A
Source: 0000930413-25-003631
Chunk: 7

Company: MFS MULTIMARKET INCOME TRUST
Filing Date: 2025-12-12
Form: PRE 14A
Chunk 7
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FS, the current investment adviser of each Trust, will
continue to serve as such Trust’s investment adviser, and the current Trustees will continue to oversee such Trust. A Trust
may complete the Transaction irrespective of whether the shareholders of the other Trust approve the New Management Agreement
Proposal or the New Board Proposal.

If approved, the Reorganizations are expected
to close, and the Proposed Board and Management Changes are expected to take effect, on or about June [ ], 2026, subject
to the satisfaction of the certain closing conditions (the “”). 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 “”).

| 3. | What happens if                                                    
 some or all of the Proposals are not approved by the shareholders? |

If shareholders of a Trust do not approve the
applicable Share Issuance Proposal with respect to such Trust, the applicable Reorganizations will not occur, and the applicable
Common Merger Shares will not be issued, except that CIF’s reorganization with and into MMT may be consummated without the
approval of the Share Issuance Proposal by MMT’s shareholders (see “Why are the shareholders of each Trust being asked
to vote with respect to the issuance of Common Merger Shares in connection with the Reorganizations?” below). If the Share
Issuance Proposal is not approved by shareholders of a Trust, the Board may take such actions as it deems in the best interests
of such Trust, including conducting additional solicitations with respect to the Share Issuance Proposal or continuing to operate
such Trust without conducting the applicable Reorganizations. If shareholders of a Trust approve the Share Issuance Proposal,
but do not approve the New Management Agreement Proposal or the New Board Proposal, the applicable Reorganization may be consummated,
but MFS will continue to serve as the investment adviser to the Combined Fund and the current Board of Trustees will continue
to oversee the Combined Fund. If some Reorganizations are not consummated, the applicable Target Funds will continue to exist
and operate as separate funds, and the Board of each such Target Fund will consider such alternatives as it determines to be in
the best interests of such Target Fund’s shareholders. For the avoidance of doubt, such Share Issuance Proposal can be approved
by shareholders