Company: MMT
Filing Date: 2025-12-12
Form Type: PRE 14A
Source: 0000930413-25-003631
Chunk: 68

Company: MFS MULTIMARKET INCOME TRUST
Filing Date: 2025-12-12
Form: PRE 14A
Chunk 68
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 Trust approve the New Management Agreement. A summary of the Trustees’ considerations is provided below in the section entitled “Board Consideration of the New Management Agreements.”

Comparison of the MFS Management Agreements
and New Management Agreements

The form of the New Management Agreement for each Trust is attached as Appendix Cto this Proxy Statement and the description of terms in this section is qualified in its entirety by reference to Appendix Aand Appendix B. The continuation of the each of (i) the current investment management agreement between MFS and MMT (the “ MFS MMT Management Agreement”) and (ii) the current investment management agreement between MFS and MFM (the “ MFS MFM Management Agreement” and, together with the MFS MMT Management Agreement, each a “ MFS Management Agreement” and collectively the “ MFS Management Agreements”) were last considered and approved by the applicable Trust’s Board on July 16, 2025.

The New Management Agreements will have different fee rates than the MFS Management Agreements 1. The remaining terms of the New Management Agreements are substantially similar to the terms of the MFS Management Agreements. The name of the investment adviser and the dates of execution and effectiveness in the New Management Agreements are different from those in the MFS Management Agreements. If approved by shareholders, and if the Transaction is completed, the New Management Agreements would go into effect on or about the Closing Date, with an initial two-year term, and would be subject to annual approval thereafter in accordance with the 1940 Act.

Fees

Under the MFS Management Agreements, the Trusts’ advisory fee rates are based, in part, on each Trust’s daily net assets and “gross income.” “Gross income” is calculated based on tax elections that generally include the amortization of premium and exclude the accretion of discount, which may differ from investment income reported in the Trust’s annual financial report.

Under the New Management Agreements, the Trusts’
advisory fee rates are based on “Managed Assets.” As noted above, “Managed assets,” as defined in the New
Management Agreements, means the total assets of such Trust, including assets attributable to any form of leverage, minus liabilities
(other than debt representing leverage and any preferred stock that may be outstanding).

Under the MFS MMT Management Agreement, MMT
pays an investment advisory fee in an amount equal to the sum of 0.34% of MMT’s average daily net