Company: MMT
Filing Date: 2025-12-12
Form Type: PRE 14A
Source: 0000930413-25-003631
Chunk: 32

Company: MFS MULTIMARKET INCOME TRUST
Filing Date: 2025-12-12
Form: PRE 14A
Chunk 32
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 RVMTP Shares outstanding. As part
of the Municipal Fund Mergers, the outstanding RVMTP Shares of the Target Municipal Funds, except for VFL, will, in effect, be
exchanged for RVMTP Shares of MFM with an aggregate liquidation preference equal to, and other terms that are substantially identical
to, the RVMTP Shares of each such Target Fund. If MMT

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or MFM shareholders do not approve their
Share Issuance Proposal, the Taxable Fund Mergers or the Municipal Fund Mergers, as applicable, will not occur, except that CIF’s
reorganization with and into MMT may be consummated without the approval of the Share Issuance Proposal by MMT’s shareholders
so long as the number of such Common Merger Shares issued in connection with such reorganization is less than 20 percent of the
number of MMT common shares outstanding before such issuance.

With respect to the New Management Agreement
Proposal and the New Board Proposal, the Proposed Board and Management Changes would take effect only if (a) the Share Issuance
Proposal is approved by shareholders of such Trust, (b) the New Management Agreement Proposal is approved by shareholders of such
Trust, (c) the New Board Proposal is approved by shareholders of such Trust and (d) the Reorganizations are approved by shareholders
of certain corresponding Target Funds and (e) certain other conditions as stated in the Purchase Agreement are satisfied or waived
(each of (a), (b), (c), (d), and (e), a “Transaction Condition”). The Proposed Board and Management Changes are contingent
upon each Transaction Condition being satisfied. If any Transaction Condition is not satisfied for a Trust, the Proposed Board and Management Changes will not be completed for such Trust, in which case MFS 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.

Each Trust and each Target Fund is a
closed-end investment company registered under the 1940 Act and is organized as a voluntary association under Massachusetts law
(commonly referred to as a “Massachusetts business trust”). Each Trust and each Target Fund is a “diversified
company” for purposes of the 1940 Act.

The common shares of VFL are listed on
the NYSE American under the symbol “VFL