BOSTON--(BUSINESS WIRE)--MFS Investment Management (\u201cMFS\u201d) announced today that shareholders 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) have approved the reorganization of each Target Fund into MFS Multimarket Income Trust (NYSE: MMT) (the \u201cSurviving Fund\u201d) (each a \u201cReorganization\u201d and collectively, the \u201cReorganizations\u201d) and that shareholders of the Surviving Fund have approved (i) the appointment of abrdn Inc. (\u201cAberdeen\u201d) as the new investment adviser, (ii) the appointment of five new trustees, and (iii) the issuance of additional common shares in connection with the Reorganizations. MFS will provide further details concerning the timing for the consummation of each of these initiatives shortly.<\/p>
\nThe Reorganizations<\/span><\/b><\/p> \nOn December 10, 2025, the Board of Trustees (the \u201cBoard\u201d) of each Target Fund unanimously approved the Reorganizations. Shareholders of each Target Fund as of December 11, 2025, were mailed a prospectus\/proxy statement in early February 2026, providing additional information about each Reorganization and the factors considered by each Target Fund\u2019s Board in approving the relevant Target Fund\u2019s Reorganization. Each Target Fund\u2019s Board determined that the Reorganization of that Target Fund into the Surviving Fund is in the best interests of the Target Fund\u2019s shareholders.<\/p> \nAppointment of Aberdeen as Investment Adviser, the Election of Five New Trustees, and Issuance of Additional Common Shares of the Surviving Fund<\/span><\/b><\/p> \nOn December 10, 2025, the Board of the Surviving Fund unanimously approved (i) a new investment management agreement with Aberdeen, the US Subsidiary of Aberdeen Investments, to serve as the investment adviser to the Surviving Fund following the consummation of the Reorganizations, (ii) the nomination of five new trustees to serve as the Surviving Fund\u2019s board of trustees following the consummation of the Reorganizations, and (iii) the issuance of additional common shares of the Surviving Fund to accommodate the Reorganizations. Shareholders of the Surviving Fund as of December 11, 2025, were mailed a proxy statement in early February 2026, providing additional information regarding each of these initiatives, all of which were recommended by the Surviving Fund\u2019s Board.<\/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 April 30, 2026, MFS had approximately $650.7 billion in assets under management.<\/p> \nMFS Investment Management\n \n68396.1<\/b><\/p> \nMedia Contact: <\/b>Dan Flaherty<\/b><\/a>, +1 617.954.4256<\/b> BOSTON–(BUSINESS WIRE)–MFS Investment Management (\u201cMFS\u201d) announced today that shareholders 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) have appr…<\/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-7636","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\/7636","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=7636"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/7636\/revisions"}],"predecessor-version":[{"id":7637,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/7636\/revisions\/7637"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}