Company: MMT
Filing Date: 2025-12-12
Form Type: PRE 14A
Source: 0000930413-25-003631
Chunk: 137

Company: MFS MULTIMARKET INCOME TRUST
Filing Date: 2025-12-12
Form: PRE 14A
Chunk 137
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| Appendix B:     Form of Reorganization Agreement for each Municipal Fund Merger |

<div align='center'>FORM OF AGREEMENT AND PLAN OF REORGANIZATION</div>

THIS AGREEMENT AND PLAN OF REORGANIZATION
(the “Agreement”) is made as of [●], 2025, by and between MFS Municipal Income Trust, a Massachusetts
business trust with its principal place of business at 111 Huntington Avenue, Boston, Massachusetts 02199 (the “Acquiring Fund”), and [abrdn National Municipal Income Trust]/[ MFS High Income Municipal Trust/MFS High Yield Municipal Trust/MFS
Investment Grade Municipal Trust], a Massachusetts business trust with its principal place of business at [1900 Market Street,
Suite 200, Philadelphia, PA 19103]/[111 Huntington Avenue, Boston, MA 02199 ] (the “Acquired Fund” and,
together with the Acquiring Fund, the “Funds”).

[abrdn Inc., a Delaware corporation registered under the Investment Advisers Act of 1940 and the investment adviser to the Acquired Fund (“ Aberdeen”), joins this Agreement solely for purposes of Sections 4.4, 8.2 and 11 and Massachusetts Financial Services Company, a [●] registered under the Investment Advisers Act of 1940, (“ MFS”) joins this Agreement solely for purposes of Sections 4.3, 8.2 and 11.]/[abrdn Inc., a Delaware corporation registered under the Investment Advisers Act of 1940 and the proposed investment adviser to the Acquiring Fund following the reorganization, (“ Aberdeen”) joins this Agreement solely for purposes of Section 4.4, 8.2 and 11, and Massachusetts Financial Services Company, a [●] registered under the Investment Advisers Act of 1940 and the current investment adviser to the Acquired Funds and Acquiring Fund (“ MFS”) joins this Agreement solely for purposes of Sections 4.3, 8.2 and 11.]

WHEREAS, the reorganization will consist of (i) the transfer of all of the Assets (as defined in Section 1.2) of the Acquired Fund to the Acquiring Fund in exchange for (A) Stock Consideration (as defined in Section 2.3), which shall be comprised (x) of newly issued common shares of beneficial interest of the Acquiring Fund, no par value, (the “