MFS Charter Income Trust adjourns special meeting

Rhea-AI Filing Summary

MFS Charter Income Trust (MCR) adjourned its special shareholder meeting held May 14, 2026, to May 18, 2026 at 10:00 a.m. Eastern Time to allow for the solicitation of additional shareholder votes on an Agreement and Plan of Reorganization with MFS Multimarket Income Trust.

The Board unanimously approved the Reorganization on December 10, 2025, and shareholders of record as of December 11, 2025 were mailed a prospectus/proxy statement in early February 2026. MFS Investment Management reported approximately $650.7 billion in assets under management as of April 30, 2026.

Insights

Corporate Governance Analyst

Adjournment aims to gather more votes on a proposed reorganization.

The Board of Trustees of MCR unanimously approved the Agreement and Plan of Reorganization on December 10, 2025. The meeting was adjourned from May 14, 2026 to May 18, 2026 to allow for solicitation of additional shareholder votes, per the release.

The outcome depends on shareholder voting patterns reported at the reconvened meeting. Subsequent disclosures will show vote totals and whether the Reorganization received the required approval; timing for those filings is tied to the adjourned meeting date.

Fund Structure Specialist

The Reorganization relates to a closed-end fund merger requiring shareholder approval.

The filing notes that shareholders of record as of December 11, 2025 received a prospectus/proxy statement in early February 2026 describing the Reorganization and the Board's recommendation. The adjournment was stated to permit further solicitation of votes.

Key items to watch in post-meeting disclosures are the vote tally and any conditions attached to closing. The release does not state the vote outcome or changes to terms.

Key Figures

Adjourned meeting date: May 18, 2026 Original meeting date: May 14, 2026 Board approval date: December 10, 2025 +2 more

5 metrics

Adjourned meeting date May 18, 2026 Reconvened special shareholder meeting

Original meeting date May 14, 2026 Date meeting was adjourned

Board approval date December 10, 2025 Board unanimously approved the Reorganization

Record date for proxy December 11, 2025 Shareholders of record for the vote

MFS AUM $650.7 billion Assets under management as of April 30, 2026

Key Terms

Agreement and Plan of Reorganization, prospectus/proxy statement, closed-end fund, net asset value

4 terms

Agreement and Plan of Reorganization regulatory

"vote on an Agreement and Plan of Reorganization between MCR and the MFS Multimarket"

An agreement and plan of reorganization is a formal roadmap negotiated between a financially distressed company and its creditors that explains how debts, assets and ownership will be restructured so the business can continue operating. For investors it’s the document that determines who gets paid, what claims are reduced or converted into new shares, and how much existing equity may be wiped out or diluted — like a household rearranging bills and mortgages to stay solvent while deciding who gets repaid and how.

prospectus/proxy statement regulatory

"were mailed a prospectus/proxy statement in early February 2026"

closed-end fund financial

"MCR is a closed-end investment company product advised by MFS Investment Management"

A closed-end fund is a pool of money collected from many investors to buy a diversified mix of stocks, bonds, or other assets, and it is managed by professionals. Unlike some investment options, its shares are bought and sold on stock exchanges at prices determined by supply and demand, which can be above or below the fund's actual value. This structure allows investors to buy or sell shares easily, but the value may fluctuate based on market conditions.

net asset value financial

"Shares may trade at a discount to the net asset value per share"

Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.

FAQ

Why was MFS Charter Income Trust (MCR) meeting adjourned?

The meeting was adjourned to allow solicitation of additional shareholder votes. The adjourned date is May 18, 2026 at 10:00 a.m. Eastern Time, per the announcement.

What vote is being solicited at the MCR special meeting?

Shareholders are voting on an Agreement and Plan of Reorganization between MCR and MFS Multimarket Income Trust. The Board unanimously approved the Reorganization on December 10, 2025.

Who received proxy materials for the MCR reorganization vote?

Shareholders of record as of December 11, 2025 were mailed a prospectus/proxy statement in early February 2026 containing details the Board considered and its recommendation.

When will we know the outcome of the MCR vote?

The vote outcome will be reported after the reconvened meeting on May 18, 2026. The press release does not provide vote results or indicate any outcome conditions.

Does the press release disclose changes to the Reorganization terms?

No. The release states the Board approved the Reorganization and recommends approval; it does not disclose any amendments to the Agreement and Plan of Reorganization.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/14/2026 - 05:03 PM Learn about SEC filing dates

Filed by MFS Multimarket Income Trust

pursuant to Rule 425 under the Securities Act of 1933

and deemed filed pursuant to Rule 14a-12

under the Securities Exchange Act of 1934

Subject Companies:

MFS Charter Income Trust

File No.: 811-05822

Date: May 14, 2026

For Immediate Release Media Contact: Dan Flaherty, +1 617.954.4256 For Shareholders/Advisors: Brian Mastrullo, +1 617.954.7940

MFS CHARTER INCOME TRUST ANNOUNCES ADJOURNMENT OF SPECIAL SHAREHOLDER MEETING

BOSTON (May 14, 2026) – MFS Investment Management (“MFS”) announced today an adjournment of the special meeting of shareholders of MFS Charter Income Trust (NYSE: MCR) held on May 14, 2026 (the “Meeting”).

The Meeting is adjourned to May 18, 2026, at 10:00 a.m. Eastern Time.

The Meeting was adjourned to allow for the solicitation of additional shareholder votes relating to a proposal that MCR’s shareholders approve an Agreement and Plan of Reorganization between MCR and the MFS Multimarket Income Trust (the “Reorganization”).

The Reorganization

On December 10, 2025, the Board of Trustees (the “Board”) of MCR unanimously approved the Reorganization. Shareholders of MCR as of December 11, 2025, were mailed a prospectus/proxy statement in early February 2026, providing additional information about the Reorganization and the factors considered by the Board in approving the Reorganization. The Board determined that the Reorganization is in the best interests of MCR’s shareholders and recommends shareholders vote in favor of the Reorganization.

Cautionary Statement Regarding Forward-Looking Statements

This 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.

About the Fund

MCR is a closed-end investment company product 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 MCR 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 MCR are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank. Shares of MCR involve investment risk, including possible loss of principal.

About MFS Investment Management

In 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 US$650.7 billion in assets under management.

MFS Investment Management

111 Huntington Ave., Boston, MA 02199

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