Company: MMT
Filing Date: 2025-12-12
Form Type: PRE 14A
Source: 0000930413-25-003631
Chunk: 39

Company: MFS MULTIMARKET INCOME TRUST
Filing Date: 2025-12-12
Form: PRE 14A
Chunk 39
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 CXE’s and CXH’s investment objective is to
seek high current income exempt from U.S. federal income tax, but may also consider capital appreciation. Each of MFM’s,
CMU’s, CXE’s and CXH’s objective may be changed without shareholder approval. VFL’s investment objective
is to seek to provide current income exempt from regular U.S. federal income tax, consistent with the preservation of capital and
may be changed without shareholder approval.

For U.S. federal income tax purposes,
each Reorganization is intended to be structured as a tax-free transaction.

Board Considerations

The Board of each Trust requests that,
at the Special Meeting, common and preferred shareholders of each Trust, as applicable, approve the issuance of additional common
shares of such Trust in connection with the Reorganizations.

At its special meeting held on December
10, 2025, the Board, including a majority of the Independent Trustees, approved the issuance of additional common shares in connection
with the Reorganizations and the Reorganization Agreements. In approving the issuance of additional common shares in connection
with the Reorganizations and the Reorganization Agreements, the Board determined that the issuance of additional common shares
in connection with the Reorganizations would be in the best interest of each Trust and its shareholders. The Board considered a
number of factors in reaching its determination with respect to each Reorganization, including, but not limited to, the following,
and in no order of priority:

| • | each Target Fund’s investment objectives, strategies and policies, investment restrictions,                                                
 and investment risks compared to those of the applicable Combined Fund.                                                                    |
| • | the continuity of the overall investment strategy of each Target Fund in light of the substantially                                        
 similar investment objectives and substantially similar or similar principal investment strategies of each Target Fund and the             
 applicable Acquiring Fund;                                                                                                                 |
| • | the potential benefits of investing in a significantly larger fund, including the potential for                                            
 improved economies of scale, enhanced trading and investment efficiencies, and operating and administrative                                
 efficiencies;                                                                                                                              |
| • | the performance track record of each of the Target Funds and the applicable Acquiring Fund and                                             
 the potential for improved long-term performance of an investment in the Combined Fund, recognizing that no assurances can be given        
 that the Acquiring Funds or Combined Funds will achieve any particular level of performance after the Reorganizations and Transaction;     |
| • | the operating expenses that shareholders of the Target Funds and the applicable Acquiring Fund                                             
 are expected to experience as shareholders of