Company: MMT
Filing Date: 2025-12-12
Form Type: PRE 14A
Source: 0000930413-25-003631
Chunk: 139

Company: MFS MULTIMARKET INCOME TRUST
Filing Date: 2025-12-12
Form: PRE 14A
Chunk 139
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 MFS agreed to sell, certain assets relating to MFS’s business; and

WHEREAS, it is intended that, for
federal income tax purposes, (i) the transactions contemplated by this Agreement shall qualify as a “reorganization”
within the meaning of Section 368(a)(1) of the Internal Revenue Code of 1986, as amended (the “Code”),
and (ii) that the Agreement shall constitute a “plan of reorganization” and liquidation for purposes of the Code.

NOW, THEREFORE, in consideration
of the premises and of the covenants and agreements hereinafter set forth, intending to be legally bound hereby, the parties hereto
covenant and agree as follows:

| 1. | THE REORGANIZATION AND FUND TRANSACTIONS |

1.1.The Reorganization.

| (a) | Subject to the terms and conditions herein                                                                                             
 set forth and on the basis of the representations and warranties contained herein, and in accordance with the laws of the Commonwealth 
 of Massachusetts, at the Effective Time (as defined in Section 2.5), the Acquired Fund shall assign, deliver and otherwise transfer    
 the Assets (as defined in Section 1.2) to the Acquiring Fund, and the Acquiring Fund shall assume the Assumed Liabilities (as defined  
 in paragraph 1.3) of the Acquired Fund in exchange for the Stock Consideration. At the Effective Time, the Acquiring Fund shall        
 issue both Acquiring Fund Common Shares and the Acquiring Fund Preferred Shares to the Acquired Fund, which shall transfer such        
 shares to the Acquired Fund Common Shareholders and the Acquired Fund Preferred Shareholders (each defined below), respectively        
 as hereinafter provided. The number of Acquiring Fund Common Shares [and Acquiring Fund Preferred Shares]7                             
 shall be determined as set forth in Section 2.3. [Neither fractional Acquiring Fund Common Shares (unless such shares are to be        
 held in a Dividend Reinvestment and Cash Purchase Plan Account) nor fractional Acquiring Fund Preferred Shares shall be issued         
 and Acquired Fund Common Shareholders otherwise entitled to receive fractional Acquiring Fund Common Shares shall be paid cash         
 in lieu thereof, as provided in Section 2.4.]                                                                                          |

| (b) | The Acquired Fund will pay or cause to be paid to the Acquiring Fund interest, cash or such dividends,                                
 rights and other payments received for the account of the Acquired Fund on or