MFS Charter Income Trust to Merge into MFS Multi-Market Income Trust; New Adviser Appointed

summarizeSummary

MFS Charter Income Trust is undergoing a major reorganization, merging into MFS Multi-Market Income Trust, with a new investment adviser and board of trustees to be appointed.

check_boxKey Events

• Fund Reorganization Announced

  MFS Charter Income Trust (MCR) will merge into MFS Multi-Market Income Trust (MMT) as part of a larger reorganization involving seven MFS closed-end funds consolidating into two.

• New Investment Adviser and Board

  abrdn Inc. will become the investment adviser for the acquiring funds (MMT and MFS Municipal Income Trust), alongside the appointment of a new board of trustees.

• Shareholder Vote Recommended

  Proxy materials have been mailed to shareholders seeking approval for these proposals, with the Board of Trustees recommending a 'FOR' vote, citing the best long-term interests of shareholders.

auto_awesomeAnalysis

This filing notifies shareholders about a significant corporate reorganization where MFS Charter Income Trust (MCR) will merge into MFS Multi-Market Income Trust (MMT). The board approved this proposal on December 11, 2025, and recommends shareholders vote for it. The reorganization also includes the appointment of abrdn Inc. as the new investment adviser and a new board of trustees for the combined entities. This represents a fundamental change in the fund's structure and management, impacting its future investment strategy and governance.