Company: MMT
Filing Date: 2025-12-12
Form Type: PRE 14A
Source: 0000930413-25-003631
Chunk: 29

Company: MFS MULTIMARKET INCOME TRUST
Filing Date: 2025-12-12
Form: PRE 14A
Chunk 29
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 applicable Municipal Fund Merger, and the
consummation of a Municipal Fund Merger with respect to each such Target Municipal Fund will be contingent on the consent of the
holders of its RVMTP Shares, as applicable.

The Taxable Fund Proposal is proposed
to be effected such that each Target Taxable Fund will transfer all of its assets to MMT, and, in exchange, MMT will assume all
of the liabilities of the Target Taxable Fund and deliver additional common shares of MMT (the “”
(and cash in lieu of fractional MMT Merger Shares, if any) having an aggregate net asset value equal to the net asset value of
the properties and assets of the Target Taxable Fund on such date. Immediately thereafter, each Target Taxable Fund will distribute
MMT Merger Shares (and cash in lieu of fractional MMT Merger Shares, if any) in complete liquidation to its shareholders of record
as of the Closing Date (as defined below) pro rata based on the shareholder’s interest in the Target Taxable Fund.

The Municipal Fund Proposal is proposed
to be effected such that each Target Municipal Fund will transfer all of its assets to MFM, and, in exchange, MFM will assume all
of the liabilities of the Target Municipal Fund and deliver additional common shares of MFM (the “”
and, together with the MMT Merger Shares, the “”) (and cash in lieu of fractional Common
Merger Shares, if any) and, where applicable, RVMTP Merger Shares (as defined below) having an aggregate net asset value equal
to the net asset value of the Target Municipal Fund on such date. Immediately thereafter, each Target Municipal Fund will distribute
MFM Merger Shares (and cash in lieu of fractional MFM Merger Shares, if any) and, where applicable, RVMTP Merger Shares of MFM
(as defined below) in complete liquidation to its shareholders of record as of the Closing Date (as defined below) pro rata based
on the shareholder’s interest in the Target Municipal Fund.

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Each Target Municipal Fund, except VFL,
has one or more series of RVMTP Shares outstanding. As part of each Reorganization, the outstanding RVMTP Shares of each applicable
Target Municipal Fund, except VFL, will be exchanged for new RVMTP Shares of MFM with an aggregate liquidation preference equal
to, and other terms that are substantially identical to, the corresponding series of