BOSTON--(BUSINESS WIRE)--MFS Investment Management (\u201cMFS\u201d) announced today that the reorganization of MFS Charter Income Trust (NYSE: MCR) and MFS Intermediate High Income Fund (NYSE: CIF) (each a \u201cTarget Fund\u201d and collectively, the \u201cTarget Funds\u201d) into MFS Multimarket Income Trust (NYSE: MMT) (the \u201cSurviving Fund\u201d) (each a \u201cReorganization\u201d and collectively, the \u201cReorganizations\u201d) will be completed by the open of business on the New York Stock Exchange (\u201cNYSE\u201d) on Monday, June 22, 2026, subject to the satisfaction of certain closing conditions.<\/p>
\nTo facilitate the Reorganizations, all shares of each Target Fund will cease trading on the NYSE as of market close on Thursday, June 18, 2026, and each Target Fund\u2019s shareholders will be issued newly issued common shares of the Surviving Fund. The aggregate net asset value (\u201cNAV\u201d) of such shares will equal the aggregate NAV (not the market value) of the common shares of the Target Fund held immediately prior to the applicable Reorganization.<\/p>
\nPrior to open of business on the NYSE on Monday, June 22, 2026, abrdn Inc. (\u201cAberdeen\u201d) will replace MFS as the Surviving Fund\u2019s investment adviser and five new trustees will be appointed to the Surviving Fund\u2019s Board of Trustees and the Surviving Fund\u2019s current trustees will resign.<\/p>
\nUpon closing it is intended that the Surviving Fund name will be changed from \u201cMFS Multimarket Income Trust\u201d to \u201cAberdeen Multi-Market Income Fund.\u201d<\/p>
\nCautionary Statement Regarding Forward-Looking Statements<\/span><\/b><\/p> \nThis press release may contain statements regarding plans and expectations for the future that constitute forward-looking statements within The Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking and can be identified by the use of words such as \"may,\" \"will,\" \"expect,\" \"anticipate,\" \"estimate,\" \"believe,\" \"continue,\" or other similar words. Such forward-looking statements are based on the fund's current plans and expectations, are not guarantees of future results or performance, and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. All forward-looking statements are as of the date of this release only; the funds undertake no obligation to update or review any forward-looking statements. You are urged to carefully consider all such factors.<\/p> \nAbout the Funds<\/span><\/b><\/p> \nThe funds are closed-end investment company products advised by MFS Investment Management. Closed-end funds, unlike open-end funds, are not continuously offered. There is a one-time public offering and once issued, common shares of the funds are bought and sold in the open market through a stock exchange. Shares may trade at a discount to the net asset value per share. Shares of the funds are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank. Shares of the funds involve investment risk, including possible loss of principal.<\/p> \nAbout MFS Investment Management<\/span><\/b><\/p> \nIn 1924, MFS launched the first US open-end mutual fund, opening the door to the markets for millions of everyday investors. Today, as a full-service global investment manager serving financial advisors, intermediaries and institutional clients, MFS still serves a single purpose: to create long term value for clients by allocating capital responsibly. That takes our powerful investment approach combining collective expertise, thoughtful risk management and long-term discipline. Supported by our culture of shared values and collaboration, our teams of diverse thinkers actively debate ideas and assess material risks to uncover what we believe are the best investment opportunities in the market. As of May 31, 2026, MFS had approximately $654.9 billion in assets under management.<\/p> \nMFS Investment Management\n \n68511.1<\/p> \nMedia Contact: <\/b>Dan Flaherty<\/b><\/a>,<\/b> +1 617.954.4256<\/b> BOSTON–(BUSINESS WIRE)–MFS Investment Management (\u201cMFS\u201d) announced today that the reorganization of MFS Charter Income Trust (NYSE: MCR) and MFS Intermediate High Income Fund (NYSE: CIF) (each a \u201cTarget Fund\u201d and collectively, the \u201cTarget Funds\u201d) int…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16658","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/16658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16658"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/16658\/revisions"}],"predecessor-version":[{"id":16659,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/16658\/revisions\/16659"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}