MFS Charter Income Trust postpones shareholder meeting to May 14

MFS Charter Income Trust (NYSE: MCR) has adjourned its special shareholder meeting from May 1 to May 14, 2026, at 11:00 a.m. Eastern Time to allow for additional vote solicitation on a proposed reorganization.

The meeting concerns a proposal for shareholders to approve an Agreement and Plan of Reorganization between MCR and the MFS Multimarket Income Trust. The reorganization was unanimously approved by MCR's Board of Trustees on December 10, 2025.

Shareholders as of December 11, 2025, received a prospectus/proxy statement in early February 2026 containing details about the reorganization and the board's rationale for approval. The board has recommended that shareholders vote in favor of the proposal.

MCR is a closed-end investment company advised by MFS Investment Management. Unlike open-end funds, closed-end funds have a one-time public offering, and shares subsequently trade on stock exchanges and may trade at a discount to net asset value.

MFS Investment Management, founded in 1924 with the launch of the first U.S. open-end mutual fund, had approximately $622.2 billion in assets under management as of March 31, 2026.

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