MFS Multimarket Income Trust Completes Reorganization as Aberdeen Fund

The reorganization, finalized before the New York Stock Exchange opened, saw shareholders of the target funds receive common shares of the newly branded MMT based on net asset values calculated on June 18. Specifically, investors in the Intermediate High Income Fund received 0.36109198 shares per unit held, while Charter Income Trust shareholders were issued 1.33352869 shares for every unit. Despite the rebranding and the appointment of new leadership, the fund retains its ticker symbol MMT and its primary investment goal of generating high current income alongside capital appreciation.

Management of the portfolio now rests with the Aberdeen Global Fixed Income team, spearheaded by Jonathan Mondillo, Siddharth Dahiya, Anthony Merola, and George Westervelt. The firm intends to shift the portfolio toward an average investment-grade credit quality over the next six months. Concurrently, a new board of trustees has taken office, including Todd Reit, Nancy Yao, C. William Maher, Gordon Baird, and Christian Pittard, following their election earlier this spring. The fund continues to trade on the NYSE under its existing CUSIP 552737108.