Certain MFS Closed-End Funds Announce Closing Date for Reorganization and Change of Investment Adviser
MFS Intermediate High Income Fund (CIF) and MFS Charter Income Trust (MCR) will cease trading on June 18, 2026, as part of a reorganization into MFS Multimarket Income Trust (MMT). Shareholders will receive shares in the surviving fund based on net asset value, not market price, effectively locking in any existing premium or discount. abrdn Inc. will replace MFS as the investment adviser, and the fund will be renamed Aberdeen Multi-Market Income Fund upon closing on June 22, 2026.
MFS Announces Final Closed-End Fund Distributions and Timing of Reorganization for Certain Funds
MFS announced the final monthly distributions for CIF, MCR, and MMT, with ex-dividend dates of June 8, 2026, and payable dates of June 15, 2026. CIF will cease trading on June 18, 2026, as part of its reorganization into MMT. Shareholders will receive MMT shares with equivalent net asset value, effective June 22, 2026. This administrative step finalizes the shareholder-approved merger, allowing CIF holders to transition to MMT without economic disruption.
MFS Taxable Closed-End Funds Announce Completion of Special Shareholder Meetings
Shareholders of MFS Intermediate High Income Fund (CIF) and MFS Charter Income Trust (MCR) have approved reorganizing into MFS Multimarket Income Trust (MMT). The surviving fund, MMT, will appoint abrdn Inc. as its new investment adviser, replacing MFS Investment Management. The board of MMT also approved the election of five new trustees and the issuance of additional common shares to facilitate the merger.
MFS Charter Income Trust Announces Adjournment of Special Shareholder Meeting
MFS Charter Income Trust (MCR) adjourned its special shareholder meeting from May 14 to May 18, 2026. The adjournment allows the fund to solicit additional votes for the previously approved reorganization with MFS Multimarket Income Trust. The Board of Trustees unanimously approved the reorganization in December 2025 and continues to recommend a vote in favor.
