Meeting Postponed#
MFS Charter Income Trust (NYSE:MCR) has decided to adjourn its special shareholder meeting originally scheduled for today. The new date for the meeting is set for May 14, 2026, at 11:00 a.m. Eastern Time. This decision was made to allow more time for shareholders to cast their votes on an important proposal.
Proposal for Reorganization#
The proposal under consideration involves an Agreement and Plan of Reorganization between MCR and the MFS Multimarket Income Trust. The Board of Trustees of MCR unanimously approved this reorganization on December 10, 2025. Shareholders who were on record as of December 11, 2025, received a prospectus and proxy statement in early February 2026, detailing the reorganization and the reasons behind the board's approval.
Board's Recommendation#
The board believes that this reorganization is in the best interests of MCR’s shareholders and is encouraging them to vote in favor of the proposal. This step is crucial for the future direction of the trust and its operations.
About MFS Charter Income Trust#
MFS Charter Income Trust is a closed-end investment company managed by MFS Investment Management. As of now, the fund has a market capitalization of $251.8 million, with its shares trading on the New York Stock Exchange at $6.04, which is close to its 52-week low. The fund is known for offering an 8.73% dividend yield and has maintained consistent dividend payments for 20 consecutive years. MFS Investment Management, based in Boston, manages approximately $622.2 billion in assets as of March 31, 2026.