Company: MMT
Filing Date: 2025-12-12
Form Type: PRE 14A
Source: 0000930413-25-003631
Chunk: 52

Company: MFS MULTIMARKET INCOME TRUST
Filing Date: 2025-12-12
Form: PRE 14A
Chunk 52
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 Board of Trustees of the Trust.
The valuation procedures for the Target Funds, on the one hand, and each Trust, on the other hand, may differ in certain respects;
however, the application of the different valuation procedures is not expected to result in a materially different net asset value
of the Target Fund.

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Additional Information about the Common Shares
of the Trusts

Description of Common Shares to be Issued
by the Trusts

Shareholders of each Trust following the Reorganizations
will have the same rights as did shareholders of such Trust prior to the Reorganizations.

MMT’s Amended and Restated Agreement and Declaration
of Trust, as amended, authorizes an unlimited number of shares, without par value. MFM’s Amended and Restated Agreement and
Declaration of Trust, as amended, authorizes an unlimited number of shares, with or without par value. If the Proposal is approved
by shareholders of each Trust and the Reorganizations are consummated, each Trust will issue common shares to the holders of common
shares of each respective Target Fund based on the relative per share net asset value of the corresponding Trust and the net asset
value of the assets of the Target Fund, in each case as of the Closing Date. Common shares of each Trust have equal rights with
respect to the payment of dividends and the distribution of assets upon dissolution, liquidation or winding up of the affairs of
such Trust, subject to the rights of the holders of preferred shares, if any. Each Trust’s common shares, when issued, will be
fully paid and non-assessable and have no preemptive, conversion or exchange rights or rights to cumulative voting.

Capitalization

The following tables set forth the unaudited
capitalization of each Fund as of October 31, 2025, assuming no further sales are made and without reflecting any transaction costs
borne by the Funds in connection with the Reorganizations, and on a pro forma basis for each Combined Fund as of that date as if
the proposed Reorganizations had occurred on that date. Pro forma Combined Fund information assumes that each Reorganization
is approved and consummated. VFL has outstanding 990 Series 2049 Muni-MultiMode Preferred Shares (“MMP Shares”). It
is anticipated that if all necessary approvals are obtained for VFL to reorganize into MFM, VFL will redeem all of its outstanding
MMP Shares prior to the closing of the Reorganization.
The pro forma capitalization information is for informational