MFS Charter Income Trust Adjourns Shareholder Meeting Again for Merger Vote

summarizeSummary

MFS Charter Income Trust adjourned its special shareholder meeting to May 1, 2026, to solicit more votes for its proposed merger and new investment adviser, indicating continued difficulty in securing shareholder approval.

check_boxKey Events

• Meeting Adjourned Again

  The special shareholder meeting for the proposed reorganization and related proposals has been adjourned from April 15, 2026, to May 1, 2026, at 10:00 a.m. Eastern Time.

• Purpose: Solicit Additional Votes

  The adjournment is to allow for the solicitation of additional shareholder votes regarding the proposed reorganization of MFS Charter Income Trust into MFS Multimarket Income Trust, and the appointment of abrdn, Inc. as the new investment adviser for the Surviving Fund.

• Ongoing Merger Process

  This marks a further delay in the reorganization process, which was initially approved by the Boards on December 10, 2025, and follows a previous adjournment from an earlier date to April 15, 2026.

auto_awesomeAnalysis

MFS Charter Income Trust has again adjourned its special shareholder meeting, pushing the vote on its proposed reorganization and new investment adviser to May 1, 2026. This marks a further delay in securing shareholder approval for the merger with MFS Multimarket Income Trust and the appointment of abrdn, Inc. as the new investment adviser. The repeated adjournment suggests ongoing challenges in gathering sufficient shareholder votes, creating continued uncertainty around the transaction, especially as the stock trades near its 52-week low.