MFS Charter Income Trust to Merge into MFS Multi-Market Income Trust; New Adviser Appointed
MCR is trading near its 52-week low of $5.57 (13% above the low) on light trading volume (0.2× avg).
Summary
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.
Key Events · M&A and Partnerships · MCR
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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.
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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.
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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.
Analysis · MCR · Unknown
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.
How filings like this one have moved
In the 30 days to Sep 23, 2026, 35.1% of the 1081 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.41%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, MCR was trading at $6.32 on NYSE in the Unknown sector, with a market capitalization of approximately $262.6M. The 52-week trading range was $5.57 to $6.58. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.