Company: MMT
Filing Date: 2025-12-12
Form Type: PRE 14A
Source: 0000930413-25-003631
Chunk: 11

Company: MFS MULTIMARKET INCOME TRUST
Filing Date: 2025-12-12
Form: PRE 14A
Chunk 11
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 Target Municipal Fund held by
those shareholders as of the close of business on the Closing Date.

Following the Reorganizations, the Trusts will
have the same investment objectives and will be managed in accordance with substantially similar investment policies and strategies,
as discussed below. See “Will the proposed new investment adviser change the Trusts’ investment objective and policies?”
below.

| 7. | How                                                         
 will the Reorganizations affect my rights as a shareholder? |

If you are a common shareholder of a Trust,
the Reorganizations will not affect the number of Trust shares that you own or the NAV of those shares upon consummation of the
Reorganizations. Because each Trust will issue additional common shares for an increase in the Trust’s assets under management
in connection with the Reorganizations, your shares will represent a smaller portion of such Trust’s total outstanding common
shares and associated voting rights following the Reorganizations. Each Trust’s common shares are traded on the NYSE, and
may for a variety of reasons trade at a premium or discount to their NAV at any time. Following the Reorganizations, each Trust’s
common shares may trade at a premium or discount that is different from their current or the corresponding Target Funds’
current common share premium or discount prior to the Reorganizations.

The rights, preferences and terms of the RVMTP
Shares of MFM will not change as a result of the Reorganizations.

| 8. | Will                                                                                  
 there be any significant portfolio transitions in connection with the Reorganizations 
 that impacts the Trusts’ shareholders?                                                |

[In consummating the Reorganizations, each
Trust is expected to assume all the portfolio assets of each corresponding Target Fund, which may result in a Trust’s portfolio
being inconsistent with its investment strategies and policies. Additionally, each Trust may assume a significant amount of cash
and may seek to purchase additional assets consistent with its investment strategies and policies. Accordingly, following each
Reorganization, each Trust expects to realign its portfolio in a manner consistent with its investment strategies and policies,
which will be substantially similar to the Trust's current strategies and policies. Each Trust may not be invested consistent
with its investment strategies and policies while such realignment occurs.

To the extent there are any transaction costs
(including brokerage commissions, transaction charges and related fees) associated with the sales and purchases made in connection
with each respective Reorganization, these will be borne by the respective Target Fund with respect to the portfolio transitioning
conducted before the Reorganizations and borne by the