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Filed by the Registrant
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[ ]
Check the Appropriate Box:
[ ] Preliminary Proxy Statement
[ ] Confidential
for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
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Definitive Proxy Statement
[ ] Definitive Additional
Materials
[ ] Soliciting Material Pursuant to sec. 240.14a-11(c) of
sec. 240.14a-12
MFS CHARTER INCOME TRUST
MFS
GOVERNMENT MARKETS INCOME TRUST
MFS HIGH INCOME MUNICIPAL
TRUST
MFS HIGH YIELD MUNICIPAL TRUST
MFS
INTERMEDIATE HIGH INCOME FUND
MFS INTERMEDIATE INCOME TRUST
MFS
INVESTMENT GRADE MUNICIPAL TRUST
MFS MULTIMARKET INCOME TRUST
MFS
MUNICIPAL INCOME TRUST
(Names of Registrants as
Specified in their Charters)
(Name of Person(s) Filing Proxy Statement, if other than the Registrants)
Payment of Filing Fee (Check the Appropriate Box):
[
X
]
No fee required
[ ] Fee computed on table below per Exchange
Act Rules 14a-6(i)(4) and 0-11.
1)
Title of each class of securities to which
transaction applies:
2)
Aggregate number of securities to which transaction
applies:
3)
Per unit price or other underlying value of
transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee
is calculated and state how it was determined):
4)
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maximum aggregate value of transaction:
5)
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[
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[ ] Check box if any part of the fee
is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting
fee was paid previously. Identify the previous filing by registration statement number, or the Form
or Schedule and the date of its filing.
1)
Amount previously paid:
2)
Form,
Schedule or Registration Statement No.:
3)
Filing Party:
4)
Date
Filed:
MFS
®
CHARTER INCOME TRUST
MFS
®
GOVERNMENT MARKETS
INCOME TRUST
MFS
®
HIGH INCOME MUNICIPAL TRUST
MFS
®
HIGH YIELD MUNICIPAL TRUST
MFS
®
INTERMEDIATE HIGH INCOME
FUND
MFS
®
INTERMEDIATE INCOME TRUST
MFS
®
INVESTMENT GRADE MUNICIPAL TRUST
MFS
®
MULTIMARKET INCOME
TRUST
MFS
®
MUNICIPAL INCOME TRUST
The
2025 Annual Meeting of Shareholders (the “Meeting”) of each of the above referenced trusts (each,
a “Trust” and collectively, the “Trusts”) will be held at 111 Huntington Avenue, Boston, Massachusetts
02199, at 10:30 a.m. (Eastern Time) on Thursday, October 2, 2025, for the following purposes:
ITEM 1.
To
elect Trustees to the Board of Trustees of each Trust as outlined below:
a.
for each of MFS Charter
Income Trust, MFS Government Markets Income Trust, MFS Intermediate High Income Fund, MFS Intermediate
Income Trust, and MFS Multimarket Income Trust:
i.
four Trustees, Maureen R. Goldfarb, Maryanne L. Roepke, Paula
E. Smith, and Laurie J. Thomsen, to be elected by common shareholders of each Trust; and
b.
for
each of MFS High Income Municipal Trust, MFS High Yield Municipal Trust, MFS Investment Grade Municipal
Trust, and MFS Municipal Income Trust:
i.
three
Trustees, Maureen R. Goldfarb, Paula E. Smith, and Laurie J. Thomsen, to be elected by common and preferred
shareholders of each Trust, voting together as a single class; and
ii.
two Trustees, John P.
Kavanaugh and Maryanne L. Roepke, to be elected by preferred shareholders only, voting as a separate
class; and
ITEM 2.
To
transact such other business as may properly come before the Meeting and any adjournment(s) or postponement(s)
thereof.
This notice and the related proxy materials are being mailed
to Shareholders on or about August 22, 2025.
THE
TRUSTEES OF YOUR TRUST RECOMMEND THAT YOU VOTE IN
FAVOR OF ITEM 1.
It is anticipated that
each Trust will hold its Meeting simultaneously with each other Trust. Shareholders of each Trust will
vote separately on each item.
Only a Trust’s shareholders of record as of the close of
business on July 31, 2025, will be entitled to receive notice of and to vote at that Trust’s Meeting
or any adjournment(s) or postponement(s) thereof.
By order of the Board
of Trustees,
CHRISTOPHER R. BOHANE
Assistant Secretary
and Assistant Clerk
August 22, 2025
YOUR VOTE IS IMPORTANT. WE WOULD APPRECIATE YOU PROMPTLY VOTING,
SIGNING AND RETURNING THE ENCLOSED PROXY SO THAT IT IS RECEIVED BY THE DATE OF THE MEETING OR RECORDING
YOUR VOTING INSTRUCTIONS BY TELEPHONE OR VIA THE INTERNET BY 10:00 A.M., EASTERN TIME, ON THE DATE OF
THE MEETING, WHICH WILL HELP AVOID THE ADDITIONAL EXPENSE OF A SECOND SOLICITATION FOR EACH TRUST. THE
ENCLOSED ADDRESSED ENVELOPE REQUIRES NO POSTAGE AND IS PROVIDED FOR YOUR CONVENIENCE.
MFS
®
CHARTER INCOME TRUST
MFS
®
GOVERNMENT MARKETS
INCOME TRUST
MFS
®
HIGH INCOME MUNICIPAL TRUST
MFS
®
HIGH YIELD MUNICIPAL TRUST
MFS
®
INTERMEDIATE HIGH INCOME
FUND
MFS
®
INTERMEDIATE INCOME TRUST
MFS
®
INVESTMENT GRADE MUNICIPAL TRUST
MFS
®
MULTIMARKET INCOME
TRUST
MFS
®
MUNICIPAL INCOME TRUST
Proxy Statement
This
Proxy Statement is furnished in connection with the solicitation of proxies by and on behalf of the Board
of Trustees of MFS Charter Income Trust, MFS Government Markets Income Trust, MFS High Income Municipal
Trust, MFS High Yield Municipal Trust, MFS Intermediate High Income Fund, MFS Intermediate Income Trust,
MFS Investment Grade Municipal Trust, MFS Multimarket Income Trust, and MFS Municipal Income Trust, (each,
a “Trust” and collectively, the “Trusts”) to be used at the Meeting of Shareholders of each Trust
(each, a “Meeting”) to be held at 10:30 a.m. (Eastern Time) on Thursday, October 2, 2025, at 111 Huntington
Avenue, Boston, Massachusetts 02199, for the purposes set forth in the accompanying Notice of the 2025
Annual Meeting of Shareholders (the “Notice”). Information regarding the Board of Trustees can be
found in the section of this Proxy Statement entitled “Election of Trustees.” If the enclosed form
of proxy is executed and returned, it may nevertheless be revoked prior to its exercise by a signed writing
filed with the proxy tabulation agent, Computershare Trust Company, N.A. (“Computershare”), c/o Proxy
Tabulator, PO Box 43131, Providence RI, 02940-3131, or delivered at a Meeting.
On July
31, 2025, the following number of shares was outstanding for each Trust:
Trust
# of Common
Shares Outstanding
# of Preferred
Shares Outstanding
MFS Charter Income Trust
41,688,435
N/A
MFS Government Markets
Income Trust
32,590,193
N/A
MFS High Income Municipal Trust
31,525,773
692
MFS High
Yield Municipal Trust
25,492,782
510
MFS Intermediate High Income Fund
17,901,986
N/A
MFS Intermediate
Income Trust
113,798,238
N/A
MFS Investment
Grade Municipal Trust
8,199,220
372
MFS Multimarket Income Trust
54,939,439
N/A
MFS Municipal
Income Trust
41,187,631
967
Shareholders
of record at the close of business on July 31, 2025, will be entitled to one vote for each share held,
and each fractional share will be entitled to a proportionate fractional vote. Each Trust will vote separately
on each item; votes of multiple Trusts will not be aggregated.
The
mailing address of each Trust is 111 Huntington Avenue, Boston, Massachusetts 02199. Solicitation of
proxies is being made by the mailing of the Notice and this Proxy Statement with its enclosures on or
about August 22, 2025. In addition to soliciting proxies by mail, the Trustees of your Trust and employees
of Massachusetts Financial Services Company (“MFS”), your Trust’s investment adviser and administrator,
may solicit proxies in person or by telephone. The expenses of the preparation of Proxy Statements and
related materials, including printing and delivery costs, and vote solicitation are borne on a proportional
basis by each Trust.
The Trusts have engaged Computershare to provide solicitation and voting tabulation
services. It is anticipated that the cost of these services will be $32,084 and may increase substantially
in the event that any proposal is contested or increased solicitation efforts are required.
Important Notice Regarding
the Availability of Proxy Materials for the Shareholder Meetings To Be Held on October 2, 2025.
The
Proxy Statement is available at www.mfs.com. If you elect to vote in person, directions to the Meetings
in order to vote in person are available by telephoning toll-free (800) 225-2606.
If your shares are held
by your broker, in order to vote in person at the Meeting, you will need to obtain a “Legal Proxy”
from your broker and present it to the Inspector of Election at the Meeting. Also, in order to revoke
your proxy, you may need to forward your written revocation or a later-dated proxy card to your broker
rather than to the Trust.
Summary of Items
Item No.
Item Description
Trust
1.a.(i)
Election of Maureen R. Goldfarb, Maryanne L. Roepke, Paula
E. Smith, and Laurie J. Thomsen as Trustees of the Trust
Common
Shareholders of:
MFS Charter Income Trust
MFS Government Markets
Income Trust
MFS Intermediate High Income Fund
MFS Intermediate Income Trust
MFS
Multimarket Income Trust
1.b.(i)
Election
of Maureen R. Goldfarb, Paula E. Smith, and Laurie J. Thomsen as Trustees of the Trust
Common and Preferred Shareholders of:
MFS High Income Municipal
Trust
MFS High Yield Municipal Trust
MFS Investment Grade Municipal Trust
MFS
Municipal Income Trust
1.b.(ii)
Election of John P. Kavanaugh and Maryanne L. Roepke as Trustees
of the Trust
Preferred Shareholders of:
MFS
High Income Municipal Trust
MFS High Yield Municipal Trust
MFS Investment Grade
Municipal Trust
MFS Municipal Income Trust
ITEM 1
— ELECTION OF TRUSTEES
The Board of Trustees (the “Board”), which oversees each Trust, provides broad
supervision over the affairs of each Trust. Those Trustees who are not “interested persons” (as defined
in the Investment Company Act of 1940, as amended (the “1940 Act”)) of your Trust or of MFS are referred
to as “Independent Trustees” throughout this Proxy Statement. MFS is responsible for the investment
management of each Trust’s assets and for providing a variety of other administrative services to each
Trust. The officers of each Trust are responsible for its operations.
The Board currently
consists of 12 Trustees, 11 of whom are Independent Trustees. An Independent Trustee serves as Chair
of the Board. Taking into account the number, the diversity, and the complexity of the MFS Funds (as
defined below) overseen by the Board and the aggregate amount of assets under management in the Trusts,
the Board has determined that the efficient conduct of its affairs makes it desirable to delegate responsibility
for certain specific matters to Committees of the Board. Each of the seven standing Committees of the
Board, to which the Board has delegated certain authority and oversight responsibilities, consists exclusively
of Independent Trustees. In connection with each of the Board’s regular meetings, the Independent Trustees
meet separately from MFS with their counsel. The Independent Trustees also meet regularly with the Trusts’
Chief Compliance Officer (who is also MFS’ Chief Compliance Officer) to receive reports regarding the
compliance of the Trusts with the federal securities laws and the Trusts’ compliance policies and procedures.
The Board reviews its leadership structure periodically and believes that its structure is appropriate
to enable the Board to exercise its oversight of the Trusts.
2
The
Trusts have retained MFS as their investment adviser and administrator. MFS provides the Trusts with
investment advisory services, and is responsible for day-to-day administration of the Trusts and management
of the risks that arise from the Trusts’ investments and operations. Certain employees of MFS serve
as the Trusts’ officers, including the Trusts’ principal executive officer and principal financial
and accounting officer. The Board provides oversight of the services provided by MFS and its affiliates,
including the risk management activities of MFS and its affiliates (including those related to cybersecurity).
In addition, each Committee of the Board provides oversight of its risk management activities with respect
to the particular activities within the Committee’s purview. In the course of providing oversight,
the Board and the Committees receive a wide range of reports on the Trusts’ activities, including reports
on each Trust’s investment portfolio, the compliance of the Trusts with applicable laws, and the Trusts’
financial accounting and reporting. The Board also meets periodically with the portfolio managers of
each Trust to receive reports regarding the management of each Trust, including its investment risks.
The Board and the relevant Committees meet periodically with MFS’ Global Head of Enterprise Risk to
receive reports on MFS’ and its affiliates’ risk management activities, including their efforts to
(i) identify key risks that could adversely affect the Trusts or MFS; (ii) implement processes and
controls to mitigate such key risks; and (iii) monitor business and market conditions in order to facilitate
the processes described in (i) and (ii) above. In addition, the Board and the relevant Committees oversee
risk management activities related to the key risks associated with services provided by various non-affiliated
service providers through the receipt of reports prepared by MFS, and, in certain circumstances, through
the receipt of reports directly from service providers, such as in the case of each Trust’s auditor
and custodian. As the Trusts’ operations are carried out by service providers, the Board’s oversight
of the risk management processes of the service providers, including processes to address cybersecurity
and other operational failures, is inherently limited.
Effective as of the election and qualification
of the nominees at the 2025 Annual Meeting of Shareholders, the Board has fixed the number of Trustees
of each Trust at 12. Under the provisions of each Trust’s Declaration of Trust, the Trustees are divided
into three classes, each having a term of three years.
1
Under the terms of
the Board’s retirement policy, an Independent Trustee shall retire at the end of the calendar year
in which he or she reaches the earlier of 75 years of age or 15 years of service on the Board (or, in
the case of an Independent Trustee who joined the Board prior to 2015, 20 years of service on the Board).
Laurie J. Thomsen will reach 20 years of service in 2025 and is expected to retire effective December
31, 2025, pursuant to the Board’s retirement policy.
For each
of MFS Charter Income Trust, MFS Government Markets Income Trust, MFS Intermediate High Income Fund,
MFS Intermediate Income Trust, and MFS Multimarket Income Trust, the Nomination and Compensation Committee
has selected and nominated, and recommended that the Board nominate, for election by common shareholders,
Maureen R. Goldfarb, Maryanne L. Roepke, Paula E. Smith, and Laurie J. Thomsen, as Trustees of the class
whose term will expire at the 2028 Annual Meeting of Shareholders (or special meeting in lieu thereof)
of the Trust, in each case, to hold office until his or her successor is elected and qualified, with
the exception of Ms. Thomsen, who is expected to retire from the Board effective December 31, 2025, pursuant
to the Board’s retirement policy. The Board has nominated each of the individuals selected and nominated
by the Committee. Each nominee is presently a Trustee of MFS Charter Income Trust, MFS Government Markets
Income Trust, MFS Intermediate High Income Fund, MFS Intermediate Income Trust, and MFS Multimarket Income
Trust, and has agreed to serve as a Trustee of each Trust if elected. The Board recommends that you vote
in favor of their election.
For each of MFS High Income
Municipal Trust, MFS High Yield Municipal Trust, MFS Investment Grade Municipal Trust, and MFS Municipal
Income Trust, the Nomination and Compensation Committee has selected and nominated, and recommended that
the Board nominate, for election by common and preferred shareholders, voting together as a single class,
Maureen R. Goldfarb, Paula E. Smith, and Laurie J. Thomsen, as Trustees of the class whose term will
expire at the 2028 Annual Meeting of Shareholders (or special meeting in lieu thereof) to hold office
until his or her successor is elected and qualified, with the exception of Ms. Thomsen, who is expected
to retire from the Board effective December 31, 2025, pursuant to the Board’s retirement policy. The
Nomination and Compensation Committee has also selected and nominated, and recommended that the Board
nominate, for election by preferred shareholders only, voting as a separate class, John P. Kavanaugh
and Maryanne L. Roepke, for a term that will expire at the next annual Meeting of shareholders (or special
meeting in lieu thereof) to hold office until his or her successor is elected and qualified. The Board
has nominated each of the individuals selected and nominated by the Committee. Each nominee is presently
a Trustee of MFS High Income Municipal Trust, MFS High Yield Municipal Trust, MFS Investment Grade Municipal
Trust, and MFS Municipal Income Trust and has agreed to serve as Trustee of each Trust if elected. The
Board recommends that you vote in favor of their election.
It is
intended that, absent contrary instructions, proxies will be voted in favor of electing Maureen R. Goldfarb,
John P. Kavanaugh, Maryanne L. Roepke, Paula E. Smith, and Laurie J. Thomsen. If, before the election,
any nominee refuses or is unable to serve, proxies will be voted for a replacement nominee designated
by each Trust’s current Trustees, or the Trustees may fix the number of Trustees at fewer than 12 for
a Trust.
1
For
MFS High Income Municipal Trust, MFS High Yield Municipal Trust, MFS Investment Grade Municipal Trust,
and MFS Municipal Income Trust, two Trustees are solely elected by the holders of the preferred shares
of each Trust for a one-year term.
3
The
Trustees of the Trusts as of August 1, 2025, are listed below, together with their principal occupations
during the past five years (their titles may have varied during that period). Additional information
about each Trustee follows the table.
Name, Age
Position(s)
Held
With
Trust
Trustee
Since
(1)
Current
Term
Expiring
(2)
Principal
Occupations
During The
Past Five Years
Other
Directorships
During the
Past Five Years
(3)
INTERESTED TRUSTEE
Michael W. Roberge
(4)
(age
58)
Trustee
January 2021
2026
Massachusetts Financial Services Company,
Chair (since January 2021); Chief Executive Officer (until 2024); Director; Chairman of the Board (since
January 2022)
N/A
INDEPENDENT TRUSTEES
John
P. Kavanaugh
(age 70)
Trustee and Chair of
Trustees
January 2009
2025
(5)
2026
(6)
Private investor
N/A
Steven E. Buller
(age 74)
Trustee
February 2014
2026
Private investor
N/A
John A. Caroselli
(age 71)
Trustee
March
2017
2027
Private investor; JC Global Advisors,
LLC (management consulting), President (since 2015)
N/A
Maureen R. Goldfarb
(age 70)
Trustee
January 2009
2025
Private investor
N/A
Peter D. Jones
(age
70)
Trustee
January 2019
2026
Private investor
N/A
James
W. Kilman, Jr.
(age 64)
Trustee
January 2019
2027
Burford Capital Limited (finance and investment
management), Senior Advisor (since 2021), Chief Financial Officer (2019 – 2021); KielStrand Capital
LLC (family office), Chief Executive Officer (since 2016)
N/A
Clarence Otis, Jr.
(age 69)
Trustee
March
2017
2027
Private investor
VF
Corporation, Director; Verizon Communications, Inc., Director; The Travelers Companies, Director
4
Name, Age
Position(s)
Held
With Trust
Trustee
Since
(1)
Current
Term
Expiring
(2)
Principal
Occupations
During The
Past Five Years
Other
Directorships
During the
Past Five Years
(3)
Maryanne
L. Roepke
(age 69)
Trustee
May 2014
2025
(5)
2028
(6)
Private investor
N/A
Paula E. Smith
(age 62)
Trustee
January
2025
2025
Private investor; PricewaterhouseCoopers
LLP (accounting), Partner (until June 2023)
N/A
Laurie J. Thomsen
(age 67)
Trustee
March
2005
2025
Private
investor
The Travelers Companies, Director; Dycom Industries, Inc., Director
Darrell A. Williams
(age
66)
Trustee
January
2025
2026
DuSable Group, LLC (financial
advisory and consulting services), Founder Managing Member (since June 2023), Loop Capital LLC
(investment banking, brokerage and advisory services), Managing Partner (2018 – 2020) and Managing
Director (2020 – March 2023)
N/A
(1)
Date first appointed to serve as Trustee of an MFS Fund. Each
Trustee has served continuously since appointment unless indicated otherwise.
(2)
An Independent Trustee shall retire at the end of the calendar
year in which he or she reaches the earlier of 75 years of age or 15 years or service on the Board (or,
in the case of any Independent Trustee who joined the Board prior to 2015, 20 years of service on the
Board).
(3)
Directorships
or trusteeships of companies required to report to the Securities and Exchange Commission (the “SEC”)
(i.e., “public companies”).
(4)
“Interested person” of the Trust within the meaning of
the 1940 Act, which is the principal federal law governing investment companies like the Trusts, as a
result of holding a position with MFS. The address of MFS is 111 Huntington Avenue, Boston, Massachusetts
02199.
(5)
For
each of MFS High Income Municipal Trust, MFS High Yield Municipal Trust, MFS Investment Grade Municipal
Trust, and MFS Municipal Income Trust, Mr. Kavanaugh and Ms. Roepke serve as Trustees elected by the
holders of preferred shares for a one-year term.
(6)
For each of MFS Charter Income Trust, MFS Government Markets
Income Trust, MFS Intermediate High Income Fund, MFS Intermediate Income Trust, and MFS Multimarket Income
Trust, Mr. Kavanaugh and Ms. Roepke serve as Trustees elected by holders of common shares for a three-year
term.
Unless otherwise noted, each current Trustee listed above served as a member of
the Board of 139 funds within the MFS Family of Funds (the “MFS Funds”) as of July 31, 2025. The
address of each Trustee is c/o MFS, 111 Huntington Avenue, Boston, Massachusetts 02199.
The following provides
an overview of the Board's process for identifying individuals for the pool from which trustee candidates
are ultimately selected and the considerations that led the Board to conclude that each individual serving
as a Trustee of the Trust should so serve. As part of this process, the Board works with the Nomination
and Compensation Committee, which recommends qualified trustee candidates to the Board in the event that
a position is vacated or created. Because the Trustees believe that a well-balanced and qualified board
is an important component of a strong governance structure, the Board is committed to actively seeking
individuals with diverse backgrounds, experience and perspectives, including women and underrepresented
minority candidates, for the pool from which trustee candidates are selected. The current members of
the Board have joined the Board at different points in time since 2005. Generally, no one factor was
decisive in the original selection of an individual to join the Board. Among the factors the Board considered
when concluding that an individual should serve on the Board were the following: (i) the individual’s
business and professional experience and accomplishments; (ii) the individual’s ability to work effectively
with the other members of the Board; (iii) the individual’s prior experience, if any, serving on the
boards of public companies (including, where relevant, other investment companies) and other complex
enterprises and organizations; and (iv) how the individual’s skills, experience and attributes would
contribute to an appropriate mix of relevant skills, experience, and perspectives on the Board.
5
In respect of each current Trustee, the individual’s substantial
professional accomplishments and prior experience, including, in some cases, in fields related to the
operations of the Trusts, were a significant factor in the determination that the individual should serve
as a Trustee of the Trusts. Following is a summary of each Trustee’s professional experience and additional
considerations that contributed to the Board’s conclusion that an individual should serve on the Board:
Interested
Trustee:
Michael W. Roberge
Mr. Roberge is Chairman of MFS (the
MFS Funds’ investment adviser) and Chairman of the MFS Board of Directors. As Chief Executive Officer
of MFS from 2017 through 2024, Mr. Roberge set the strategic priorities for MFS, leading a team responsible
for the investment, distribution, finance, human resources, legal and technology functions at the firm.
He has substantial executive and investment management experience, having worked for MFS for over 28
years.
Independent
Trustees:
Steven E. Buller, CPA
Mr. Buller has substantial accounting,
investment management, and executive experience at firms within the investment management industry. Mr. Buller
was the Chief Financial Officer and Managing Director of BlackRock, Inc. (“BlackRock”), where he
oversaw BlackRock’s tax department, internal audit and control functions, and the global corporate
and investment company accounting policy. Prior to joining BlackRock, Mr. Buller was an auditor at Ernst
Young LLP for over 30 years, where he served as Global Director of Asset Management and as the audit
partner for various investment company complexes. Mr. Buller was chairman of the Financial Accounting
Standards Advisory Council, and was a member of the Standing Advisory Group of the Public Company Accounting
Oversight Board (“PCAOB”). He has also served on the board of BlackRock Finco UK, a privately-held
company.
John A. Caroselli
Mr. Caroselli has substantial senior
executive experience in the financial services industry. Mr. Caroselli is the president of JC Global
Advisors, LLC, where he provides consulting services with specialization in strategy development and
execution, merger integration, market growth plan design and organizational development. He served as
Executive Vice President and Chief Development Officer of First Capital Corporation, Executive Vice President
and Chief Strategy Officer of KeySpan Corporation, and Executive Vice President of Corporate Development
of AXA Financial. Mr. Caroselli also held senior officer positions with Chase Manhattan Corporation,
Chemical Bank, and Manufacturers Hanover Trust.
Maureen R. Goldfarb
Ms. Goldfarb
has substantial executive and board experience at firms within the investment management industry. She
was the Chief Executive Officer and Chairman of the Board of Trustees of the John Hancock Funds and an
Executive Vice President of John Hancock Financial Services, Inc. Prior to joining John Hancock, Ms. Goldfarb
was a Senior Vice President with Massachusetts Mutual Life Insurance Company. She also held various marketing,
distribution, and portfolio management positions with other investment management firms. Ms. Goldfarb
is a former member of the Board of Governors of the Investment Company Institute.
Peter
D. Jones
Mr. Jones has substantial senior executive, accounting and investment management
experience at firms within the investment management industry. Mr. Jones was the Chairman of Franklin
Templeton Institutional, LLC and President of Franklin Templeton Distributors Inc. Mr. Jones formerly
was the President of IDEX Distributors, Inc., which oversaw the formation and launch of IDEX Mutual Funds
(now part of Transamerica Funds). Mr. Jones is a member of the Investment Advisory Council of the Florida
State Board of Administration. Mr. Jones was formerly a CPA and served as Tax Manager at PricewaterhouseCoopers
in Tampa, Florida and Atlanta, Georgia. Mr. Jones is a member of the Governing Council of the Independent
Directors Council, a unit of the Investment Company Institute which serves the mutual fund director community.
Mr. Jones is also a member of the Investment Committee and a former trustee of the Florida State University
Foundation.
John P. Kavanaugh
Mr. Kavanaugh has
substantial executive, investment management, and board experience at firms within the investment management
and mutual fund industry and is a Chartered Financial Analyst. He was the Chief Investment Officer of
The Hanover Insurance Group, Inc., and the President and Chairman of Opus Investment Management, Inc.,
an investment adviser. Mr. Kavanaugh held research and portfolio management positions with Allmerica
Financial and PruCapital, Inc.
6
He previously served on the board of the Independent Directors Council, a unit
of the Investment Company Institute which serves the mutual fund independent director community.
James W. Kilman, Jr.
Mr. Kilman has substantial senior executive
and investment banking management experience at firms within the investment management industry. Mr. Kilman
is currently a Senior Advisor to Burford Capital Limited, a global finance and investment management
firm focusing on the law, and the Chief Executive Officer of KielStrand Capital LLC, a family office
that makes and manages investments and oversees philanthropic activities. Previously, Mr. Kilman served
as the Chief Financial Officer of Burford Capital Limited. Mr. Kilman formerly was the Vice Chairman,
Co-Head of Diversified Financials Coverage in the Financial Institutions Banking Group at Morgan Stanley
Co. Prior to joining Morgan Stanley, Mr. Kilman was Managing Director in the Advisory Group within the
Fixed Income Division’s Mortgage Department at Goldman Sachs Co. Mr. Kilman also held managerial
and investment positions with ABN AMRO Inc. and PaineWebber Inc.
Clarence Otis, Jr.
Mr. Otis has substantial executive, financial, and board experience at publicly-traded
and privately-held companies. Mr. Otis was the Chairman and Chief Executive Officer of Darden Restaurants,
Inc., the world’s largest full-service restaurant company, and where he previously served in other
senior positions at Darden Restaurants, including Chief Financial Officer and Executive Vice President.
Mr. Otis is a director of VF Corporation, Verizon Communications, Inc., and The Travelers Companies.
He is a former director of the Federal Reserve Bank of Atlanta.
Maryanne L. Roepke
Ms. Roepke has substantial executive and compliance experience within the investment
management industry. She was a Senior Vice President and the Chief Compliance Officer of American Century
Investments, Inc., where she worked for over 30 years. Ms. Roepke served on the board of the American
Century SICAV, a mutual fund complex. She is a former member of the Investment Company Institute’s
Chief Compliance Officer Committee and Risk Management Advisory Committee.
Paula
E. Smith
Ms. Smith has substantial senior executive, operational and auditing and accounting
experience in the financial services industry. Ms. Smith was an auditor at PricewaterhouseCoopers LLP
(“PwC”) for over 35 years where she was the lead engagement partner for a number of global financial
services firms and served in various asset management industry, operational and human capital related
leadership roles, including serving as UK Asset Management Leader. Prior to joining PwC, Ms. Smith worked
in the mutual fund accounting department at State Street. She is a former board member of Nicsa, an
asset management trade association.
Laurie J. Thomsen
Ms. Thomsen
has substantial venture capital financing experience, as well as board experience at publicly-traded
and privately-held companies. Ms. Thomsen was a co-founding General Partner of Prism Venture Partners,
a venture capital firm investing in healthcare and technology companies, and served as an Executive Partner
of New Profit, Inc., a venture philanthropy firm. Prior to that, she was a General Partner at Harbourvest
Partners, a venture capital firm. Ms. Thomsen is a director of The Travelers Companies, Inc. and Dycom
Industries, Inc.
Darrell A. Williams
Mr. Williams has
substantial executive and board experience in the financial services industry. Mr. Williams is founder
and Managing Member of DuSable Group, LLC, where he provides financial advisory and consulting services
to clients. Prior to that, he served in various roles, including as Managing Director, at Loop Capital
LLC, a full-service investment bank, brokerage and advisory firm that provides investment services to
institutional clients. Mr. Williams is a former board member of Amalgamated Bank of Chicago and Intrado
Inc., where he chaired the company’s audit committee.
Information about each Trust, including
information about its investment adviser and administrator, independent registered public accounting
firm, executive officers, and the interests of certain persons, appears under “Trust Information”
below.
Required
Vote.
For
MFS Charter Income Trust, MFS Government Markets Income Trust, MFS Intermediate High Income Fund, MFS
Intermediate Income Trust, and MFS Multimarket Income Trust, the election of Maureen R. Goldfarb, Maryanne
L. Roepke, Paula E. Smith, and Laurie J. Thomsen will require the affirmative vote of a plurality of
the Trust’s outstanding common shares voting at the Meeting in person or by proxy. For MFS High Income
Municipal Trust, MFS High Yield Municipal
7
Trust,
MFS Investment Grade Municipal Trust, and MFS Municipal Income Trust, the election of Maureen R. Goldfarb,
Paula E. Smith, and Laurie J. Thomsen will require the affirmative vote of a plurality of the Trust’s
outstanding preferred and common shares, voting together as a single class, at the Meeting in person
or by proxy. For MFS High Income Municipal Trust, MFS High Yield Municipal Trust, and MFS Investment
Grade Municipal Trust, the election of John P. Kavanaugh and Maryanne L. Roepke will require the affirmative
vote of a plurality of the Trust’s outstanding preferred shares, voting as a separate class, at the
Meeting in person or by proxy. For MFS Municipal Income Trust, the election of John P. Kavanaugh and
Maryanne L. Roepke will require the affirmative vote of a majority of the Trust’s outstanding preferred
shares, voting as a separate class, at the Meeting in person or by proxy.
THE BOARD, INCLUDING
THE INDEPENDENT TRUSTEES, UNANIMOUSLY RECOMMENDS THAT THE SHAREHOLDERS OF EACH TRUST VOTE TO ELECT EACH
OF THE NOMINEES AS A TRUSTEE OF EACH TRUST.
8
Committees
Each
Trust’s Board meets regularly throughout the year to discuss matters and take certain actions relating
to the Trust. Each Trust’s Board has several standing committees, which are described below.
Name of Committee
Number of
Meetings in
Fiscal Year
(1)
Functions
Current
Members
(2)
AUDIT
COMMITTEE
8
Oversees
the accounting and auditing procedures of the Trust and, among other duties, considers the selection
of the independent accountants for the Trust and the scope of the audit, and considers the effect on
the independence of those accountants of any non-audit services such accountants provide to the Trust
and any audit or non-audit services such accountants provide to other MFS Funds, MFS and/or certain affiliates.
The Committee is also responsible for establishing procedures for the receipt, retention, and treatment
of complaints received by the Trust regarding accounting, internal accounting controls, or auditing matters
and the confidential, anonymous submission of concerns regarding questionable fund accounting matters
by officers of the Trust and employees of the Trust’s investment adviser, administrator, principal
underwriter, or any other provider of accounting-related services to the Trust. Reviews and evaluates
the contractual arrangements of the Trust relating to custody and fund accounting services, and makes
recommendations to the full Board on these matters.
Oversees
the development and implementation of the Trust’s regulatory and fiduciary compliance policies, procedures,
and practices under the 1940 Act, and other applicable laws, as well as oversight of compliance policies
of the Trust’s investment adviser and certain other service providers as they relate to Trust activities.
The Trust’s Chief Compliance Officer assists the Committee in carrying out its responsibilities.
Goldfarb*,
Kilman, Jr.*, Roepke*, Smith*, and Thomsen*
CONTRACTS REVIEW COMMITTEE
4
Requests,
reviews, and considers the information deemed reasonably necessary to evaluate the terms of the investment
advisory and principal underwriting agreements and the Plan of Distribution under Rule 12b-1 that each
MFS Fund, as applicable, proposes to renew or continue, and to make its recommendations to the full Board
on these matters.
All
Independent Trustees of the Board (Buller, Caroselli, Goldfarb, Jones, Kavanaugh, Kilman, Jr., Otis,
Jr., Roepke, Smith, Thomsen, and Williams)
NOMINATION AND COMPENSATION COMMITTEE
2
Recommends
qualified candidates to the Board in the event that a position is vacated or created. The Committee will
consider recommendations by shareholders when a vacancy exists. Shareholders wishing to recommend candidates
for Trustee for consideration by the Committee may do so by writing to the Trust’s Secretary at the
principal executive office of the Trust. Such recommendations must be accompanied by
All Independent Trustees of the Board (Buller,
Caroselli, Goldfarb, Jones, Kavanaugh, Kilman, Jr., Otis, Jr., Roepke, Smith, Thomsen, and Williams)
9
Name of Committee
Number of
Meetings in
Fiscal Year
(1)
Functions
Current
Members
(2)
biographical
and occupational data on the candidate (including whether the candidate would be an “interested person”
of the Trust), a written consent by the candidate to be named as a nominee and to serve as Trustee if
elected, record and ownership information for the recommending shareholder with respect to the Trust,
and a description of any arrangements or understandings regarding recommendation of the candidate for
consideration. The Committee is also responsible for making recommendations to the Board regarding any
necessary standards or qualifications for service on the Board. The Committee also reviews and makes
recommendations to the Board regarding compensation for the Independent Trustees.
PORTFOLIO TRADING
AND MARKETING
REVIEW
COMMITTEE
4
Oversees
the policies, procedures, and practices of the Trust with respect to brokerage transactions involving
portfolio securities as those policies, procedures, and practices are carried out by MFS and its affiliates.
The Committee also oversees the lending of portfolio securities, the Trust’s borrowing and lending
policies, and the administration of the Trust’s proxy voting policies and procedures by MFS. The Committee
also oversees the policies, procedures, and practices of the Applicable Fund Service Providers with respect
to the selection and oversight of the Trust’s counterparties in derivatives, repurchase and reverse
repurchase agreements, and similar investment-related transactions. The Committee is also responsible
for oversight of the Trust’s derivatives risk management program. In addition, the Committee receives
reports from MFS regarding the policies, procedures, and practices of MFS and its affiliates in connection
with their marketing and distribution of shares of the MFS Funds.
All Independent Trustees of the Board (Buller,
Caroselli, Goldfarb, Jones, Kavanaugh, Kilman, Jr., Otis, Jr., Roepke, Smith, Thomsen, and Williams)
PRICING
COMMITTEE
4
Oversees
the determination of the value of the portfolio securities and other assets held by the Trust. The Committee
delegates primary responsibility for carrying out these functions to MFS pursuant to the Trust’s valuation
policy and procedures approved by the Committee and adopted by the Board of Trustees. The Committee
has designated MFS as the Trust’s “valuation designee” whereby MFS is responsible for determining
the fair values of portfolio securities and other assets held by the Trust for which market quotations
are not readily available pursuant to MFS' fair valuation policy and procedures. MFS' fair valuation
policy and procedures includes, among other things, methodologies and processes to be followed by MFS
in determining the fair value of portfolio
Buller*, Goldfarb*,
Kilman, Jr.*, Smith*, and Thomsen*
10
Name of Committee
Number of
Meetings in
Fiscal Year
(1)
Functions
Current
Members
(2)
securities
and other assets held by the Trust for which market quotations are not readily available
.
The Committee meets periodically with the members of MFS’ internal valuation committee to review and
assess MFS’ fair valuation process and other pricing determinations made pursuant to the Trust’s
valuation policy and procedures and MFS' fair valuation policy
and procedures, and
to review the policies and procedures themselves. The Committee is also responsible for oversight of
the Trust’s liquidity risk management program. The Committee exercises the responsibilities of the
Board under the Policy for Compliance with Rule 2a-7 approved by the Board on behalf of each MFS Fund
which holds itself out as a “money market fund” in accordance with Rule 2a-7 under the 1940 Act.
SERVICES
CONTRACTS COMMITTEE
4
Reviews
and evaluates the contractual arrangements of the MFS Funds relating to transfer agency, sub-transfer
agency, administrative, and insurance services, and makes recommendations to the full Board on these
matters.
Caroselli*,
Jones*, Otis, Jr.*, Roepke*, and Williams*
(1)
The
number of committee meetings for the fiscal years ending October 31, 2024 and November 30, 2024 is the
same for all committees.
(2)
Independent Trustees. Although Mr. Kavanaugh is not a member
of all Committees of the Board, he is invited to and attends many of the Committees’ meetings in his
capacity as Chair of the Board.
(3)
Audit Committee Financial Expert.
*
Independent Trustees.
The Trustees generally hold at least six regular
meetings each calendar year. These regular meetings generally take place over a two-day period. The performance
and operations of each of the Trusts is reviewed by the Trustees at each meeting and more in-depth reviews
of particular Trusts are conducted by the Trustees throughout the year. During the fiscal years ended
October 31, 2024 and November 30, 2024, each Trust held six Board meetings. Each Trustee attended at
least 75% of the Board and applicable committee meetings noted for each Trust.
Audit Committee
Each
Trust’s Audit Committee consists only of Independent Trustees. Each Trust’s Audit Committee’s statement
on the Trust’s most recent audited financials is included below under the heading “Independent Registered
Public Accounting Firm.” Each Trust’s Board has adopted a written charter for the Audit Committee.
A copy of the Audit Committee’s charter is available at www.mfs.com. To access a copy of the Audit
Committee’s charter, after entering the website by entering “United States” as your location and
entering “Individual Investor” as your role if you have not already done so, hover your cursor over
“Products Strategies,” and then click on “Closed End Funds” under the “Investment Options”
heading. Next, use the drop-down menu and click on the Trust name, then click on the “Resources”
tab, then click on the “Reports Other Documents” tab, and then click on “Audit Committee
Charter.”
Nomination and Compensation Committee
The Trustees have adopted a written charter
for the Nomination and Compensation Committee. A copy of the Nomination and Compensation Committee’s
charter is available at www.mfs.com. To access a copy of the Nomination and Compensation Committee’s
charter, after entering the website by entering “United States” as your location and entering “Individual
Investor” as your role if you have not already done so, hover your cursor over “Products Strategies,”
and then click on “Closed End Funds” under the “Investment Options” heading. Next, use the drop-down
menu and click on the Trust name, then click on the “Resources” tab, then click on the “Reports
Other Documents” tab, and then click on “Nomination and Compensation Committee Charter.”
Each
Trust’s Nomination and Compensation Committee consists only of Independent Trustees.
11
The
Nomination and Compensation Committee requires that Trustee candidates have a college degree or equivalent
business experience, but has not otherwise established specific, minimum qualifications that must be
met by an individual to be considered by the Committee for nomination as a Trustee. The Nomination and
Compensation Committee may take into account a wide variety of factors in considering Trustee candidates,
including, but not limited to: (i) availability and commitment of a candidate to attend meetings and
perform his or her responsibilities to the Board; (ii) relevant industry and related experience; (iii) educational
background; (iv) financial expertise; (v) an assessment of the candidate’s ability, judgment and
expertise; (vi) overall diversity of the composition of the Board; and (vii) such other factors as
the Committee deems appropriate. While the Committee has not adopted a particular definition of diversity,
when considering a nominee’s and the Board’s diversity, the Committee generally considers the manner
in which each nominee’s professional experience, expertise in matters that are relevant to the oversight
of the Trust (e.g., investment management, distribution, accounting, trading, compliance, legal), general
leadership experience, and life experience (including with respect to gender and ethnicity) are complementary
and, as a whole, contribute to the ability of the Board to oversee the Trust. The Nomination and Compensation
Committee may consider candidates for Trustee recommended by each Trust’s current Trustees, officers
or shareholders or by MFS or any other source deemed appropriate by the Nomination and Compensation Committee.
The Nomination and Compensation Committee may, but is not required to, retain a third-party search firm
at the applicable Trust’s expense to identify potential candidates.
The Nomination and
Compensation Committee will review and consider nominees recommended by shareholders to serve as Trustee,
provided that the recommending shareholder follows the Procedures for Shareholders to Submit Nominee
Candidates, which are set forth as Appendix B to the Trusts’ Nomination and Compensation Committee
Charter (which is available at www.mfs.com). Among other requirements, these procedures provide that
the recommending shareholder must submit any recommendation in writing to the Trust, to the attention
of the Trust’s Secretary, at the address of the principal executive offices of the Trust. Any recommendation
must include certain biographical information and other information regarding the candidate and the recommending
shareholder, and must include a written and signed consent of the candidate to be named as a nominee
and to serve as a Trustee if elected. The Nomination and Compensation Committee takes the diversity of
a particular nominee and the overall diversity of the Board into account when considering and evaluating
nominees for trustee. The foregoing description is only a summary.
The Nomination and Compensation Committee
has full discretion to reject nominees recommended by shareholders, and there is no assurance that any
such person properly recommended and considered by the Committee will be nominated for election to the
Board of a Trust.
Share Ownership
As of July 31, 2025, the Trustees and Officers of each Trust
as a group owned less than 1% of the outstanding shares of any Trust. The Board has adopted a policy
requiring that each Independent Trustee shall have invested on an aggregate basis, within two years of
membership on the Board, an amount equal to his or her prior calendar year’s base retainer and meeting
attendance fees in shares of the MFS Funds.
The following table shows the dollar range of equity securities
beneficially owned by each nominee or Trustee (a) of each Trust and (b) on an aggregate basis, in the
MFS Funds overseen by the nominee or Trustee, as of July 31, 2025.
12
The
following dollar ranges apply:
N.
None
A.
$1
– $10,000
B.
$10,001
– $50,000
C.
$50,001
– $100,000
D.
Over
$100,000
Name
of Trustee
Individual Trust Name
Aggregate
Dollar
Range of
Equity
Securities in
the Trust
Aggregate Dollar
Range
of
Securities in All
MFS
Funds
Overseen or to
be Overseen by
the Nominee
INTERESTED TRUSTEE
Michael W. Roberge
MFS Charter Income Trust
N
D
MFS Government Markets Income Trust
N
_
MFS High Income Municipal Trust
N
_
MFS High Yield Municipal Trust
N
_
MFS Intermediate High Income Fund
N
_
MFS Intermediate Income Trust
N
_
MFS Investment Grade Municipal Trust
N
_
MFS Multimarket Income Trust
N
_
MFS Municipal Income Trust
N
_
INDEPENDENT TRUSTEES
_
_
Steven E. Buller
MFS
Charter Income Trust
N
D
MFS Government
Markets Income Trust
N
_
MFS High
Income Municipal Trust
N
_
MFS High
Yield Municipal Trust
N
_
MFS Intermediate
High Income Fund
N
_
MFS Intermediate
Income Trust
N
_
MFS Investment
Grade Municipal Trust
N
_
MFS Multimarket
Income Trust
C
_
MFS Municipal
Income Trust
N
_
John A. Caroselli
MFS Charter Income Trust
N
D
MFS Government Markets Income Trust
N
_
MFS High Income Municipal Trust
N
_
MFS High Yield Municipal Trust
N
_
MFS Intermediate High Income Fund
N
_
MFS Intermediate Income Trust
N
_
MFS Investment Grade Municipal Trust
N
_
MFS Multimarket Income Trust
N
_
MFS Municipal Income Trust
N
_
13
Name of Trustee
Individual
Trust Name
Aggregate
Dollar
Range of
Equity
Securities in
the Trust
Aggregate Dollar
Range
of
Securities in All
MFS
Funds
Overseen or to
be Overseen by
the Nominee
Maureen R. Goldfarb
MFS
Charter Income Trust
B
D
MFS Government
Markets Income Trust
B
_
MFS High
Income Municipal Trust
B
_
MFS High
Yield Municipal Trust
N
_
MFS Intermediate
High Income Fund
N
_
MFS Intermediate
Income Trust
B
_
MFS Investment
Grade Municipal Trust
N
_
MFS Multimarket
Income Trust
N
_
MFS Municipal
Income Trust
N
_
Peter D. Jones
MFS Charter Income Trust
N
D
MFS Government Markets Income Trust
N
_
MFS High Income Municipal Trust
N
_
MFS High Yield Municipal Trust
N
_
MFS Intermediate High Income Fund
N
_
MFS Intermediate Income Trust
N
_
MFS Investment Grade Municipal Trust
N
_
MFS Multimarket Income Trust
N
_
MFS Municipal Income Trust
N
_
John P. Kavanaugh
MFS
Charter Income Trust
A
D
MFS Government
Markets Income Trust
A
_
MFS High
Income Municipal Trust
A
_
MFS High
Yield Municipal Trust
N
_
MFS Intermediate
High Income Fund
N
_
MFS Intermediate
Income Trust
A
_
MFS Investment
Grade Municipal Trust
B
_
MFS Multimarket
Income Trust
A
_
MFS Municipal
Income Trust
B
_
James W. Kilman, Jr.
MFS Charter Income Trust
N
D
MFS Government Markets Income Trust
N
_
MFS High Income Municipal Trust
N
_
MFS High Yield Municipal Trust
N
_
MFS Intermediate High Income Fund
N
_
MFS Intermediate Income Trust
N
_
MFS Investment Grade Municipal Trust
N
_
MFS Multimarket Income Trust
N
_
MFS Municipal Income Trust
N
_
14
Name of Trustee
Individual
Trust Name
Aggregate
Dollar
Range of
Equity
Securities in
the Trust
Aggregate Dollar
Range
of
Securities in All
MFS
Funds
Overseen or to
be Overseen by
the Nominee
Clarence Otis, Jr.
MFS
Charter Income Trust
N
D
MFS Government
Markets Income Trust
N
_
MFS High
Income Municipal Trust
N
_
MFS High
Yield Municipal Trust
N
_
MFS Intermediate
High Income Fund
N
_
MFS Intermediate
Income Trust
N
_
MFS Investment
Grade Municipal Trust
N
_
MFS Multimarket
Income Trust
N
_
MFS Municipal
Income Trust
N
_
Maryanne L. Roepke
MFS Charter Income Trust
A
D
MFS Government Markets Income Trust
N
_
MFS High Income Municipal Trust
N
_
MFS High Yield Municipal Trust
N
_
MFS Intermediate High Income Fund
N
_
MFS Intermediate Income Trust
A
_
MFS Investment Grade Municipal Trust
N
_
MFS Multimarket Income Trust
N
_
MFS Municipal Income Trust
N
_
Paula E. Smith
MFS
Charter Income Trust
N
D
MFS Government
Markets Income Trust
N
_
MFS High
Income Municipal Trust
N
_
MFS High
Yield Municipal Trust
N
_
MFS Intermediate
High Income Fund
N
_
MFS Intermediate
Income Trust
N
_
MFS Investment
Grade Municipal Trust
N
_
MFS Multimarket
Income Trust
N
_
MFS Municipal
Income Trust
N
_
Laurie J. Thomsen
MFS Charter Income Trust
A
D
MFS Government Markets Income Trust
N
_
MFS High Income Municipal Trust
N
_
MFS High Yield Municipal Trust
N
_
MFS Intermediate High Income Fund
N
_
MFS Intermediate Income Trust
A
_
MFS Investment Grade Municipal Trust
N
_
MFS Multimarket Income Trust
N
_
MFS Municipal Income Trust
N
_
15
Name of Trustee
Individual
Trust Name
Aggregate
Dollar
Range of
Equity
Securities in
the Trust
Aggregate Dollar
Range
of
Securities in All
MFS
Funds
Overseen or to
be Overseen by
the Nominee
Darrell A. Williams
MFS
Charter Income Trust
N
D
MFS Government
Markets Income Trust
N
_
MFS High
Income Municipal Trust
N
_
MFS High
Yield Municipal Trust
N
_
MFS Intermediate
High Income Fund
N
_
MFS Intermediate
Income Trust
N
_
MFS Investment
Grade Municipal Trust
N
_
MFS Multimarket
Income Trust
N
_
MFS Municipal
Income Trust
N
_
Shareholder
Communications with the Board of Trustees
The Board of Trustees of each Trust has adopted procedures
by which shareholders may send communications to the Board. Shareholders may mail written communications
to the Board of Trustees, [Name of Trust], Massachusetts Financial Services Company, 111 Huntington Avenue,
Boston, Massachusetts 02199, Attention: Secretary of the Trust. Shareholder communications must (i) be
in writing and be signed by the shareholder, (ii) identify the Trust to which they relate and (iii) identify
the class and number of shares held by the shareholder. The Secretary is responsible for reviewing all
properly submitted shareholder communications. The Secretary shall either (i) provide a copy of each
properly submitted shareholder communication to the Board at its next regularly scheduled meeting or
(ii) if the Secretary determines that the communication requires more immediate attention, forward the
communication to the Chair of the Board promptly after receipt. The Secretary may, in good faith, determine
that a shareholder communication should not be provided to the Board because it is ministerial in nature
(such as a request for Trust literature, share data or financial information). The Secretary may in such
cases forward the communication to the appropriate party or parties at MFS. These procedures do not apply
to (i) any communication from an officer or Trustee of the Trust, (ii) any communication from an employee
or agent of the Trust, unless such communication is made solely in such employee’s or agent’s capacity
as a shareholder or (iii) any shareholder proposal submitted pursuant to Rule 14a-8 under the Securities
Exchange Act of 1934, as amended, or any communication made in connection with such a proposal. Each
Trust’s Trustees are not required to attend the Trust’s shareholder Meetings or to otherwise make
themselves available to shareholders for communications, other than pursuant to the aforementioned procedures.
The Trustees did not attend the 2024 Annual Meeting of Shareholders.
Each Trust’s Declaration
of Trust currently provides that the Trust will indemnify its Trustees and Officers against liabilities
and expenses incurred in connection with litigation in which they may be involved because of their offices
with the Trust, unless it is finally adjudicated or, in case of a settlement, it has been determined
by Trustees not involved in the matter or independent legal counsel, that they have not acted in good
faith in the reasonable belief that their actions were in the best interests of the Trust or that they
engaged in willful misfeasance or acted with bad faith, gross negligence or reckless disregard of the
duties involved in the conduct of their offices.
16
Trustee
Compensation Table
The table below shows the cash compensation paid to the Trustees by each Trust
during the fiscal year ended on the date noted (see footnote 1). Interested Trustee(s) receives no compensation
from any Trust for their services as Trustee(s).
Name and
Position
Interested
Trustee
Independent Trustees
Aggregate
Compensation Paid by the Trusts
Michael
W. Roberge
Steven
E. Buller
John A. Caroselli
Maureen R. Goldfarb
Peter D. Jones
John
P. Kavanaugh
James
W. Kilman Jr.
Clarence
Otis Jr.
Maryanne L. Roepke
Paula E. Smith
1
Laurie J. Thomsen
Darrell A. Williams
2
MFS Charter Income Trust
3
Not Applicable
$1,604
$1,397
$752
$1,386
$845
$942
$1,586
$952
Not
Applicable
$752
Not Applicable
MFS Government Markets Income Trust
3
Not Applicable
$1,283
$1,081
$436
$1,078
$459
$634
$1,278
$636
Not
Applicable
$436
Not Applicable
MFS High Income Municipal Trust
3
Not Applicable
$1,464
$1,260
$615
$1,252
$678
$808
$1,452
$815
Not Applicable
$615
Not Applicable
MFS High Yield Municipal Trust
3
Not Applicable
$1,366
$1,163
$519
$1,159
$560
$714
$1,359
$719
Not Applicable
$519
Not Applicable
MFS Intermediate High Income Fund
3
Not Applicable
$1,179
$979
$335
$979
$335
$535
$1,179
$535
Not Applicable
$335
Not Applicable
MFS Intermediate Income Trust
4
Not Applicable
$1,669
$1,461
$817
$1,449
$924
$1,005
$1,649
$1,017
Not Applicable
$817
Not Applicable
MFS Investment Grade Municipal Trust
3
Not Applicable
$1,292
$1,090
$446
$1,087
$470
$643
$1,287
$646
Not Applicable
$446
Not Applicable
MFS Multimarket Income Trust
4
Not Applicable
$1,592
$1,385
$741
$1,375
$831
$931
$1,575
$941
Not Applicable
$741
Not Applicable
MFS Municipal Income Trust
4
Not Applicable
$1,728
$1,519
$875
$1,506
$995
$1,061
$1,706
$1,075
Not Applicable
$875
Not Applicable
Retirement Benefits Accrued as Part of Trust
Expense
5
Not Applicable
Not Applicable
Not Applicable
Not Applicable
Not Applicable
Not Applicable
Not Applicable
Not Applicable
Not Applicable
Not Applicable
Not Applicable
Not Applicable
Total
Trustee Compensation Paid by Trust and Fund Complex
6
Not Applicable
$489,500
$482,500
$474,500
$472,000
$568,000
$464,000
$472,000
$474,500
Not Applicable
$474,500
Not Applicable
1
Ms. Smith became a Trustee of the Trusts on
January 1, 2025.
2
Mr. Williams became a Trustee of the Trusts on January 1, 2025.
3
For the fiscal year ended November 30, 2024.
4
For the fiscal year ended October 31, 2024.
5
Information provided for MFS Intermediate
Income Trust, MFS Multimarket Income Trust, and MFS Municipal Income Trust, is for the fiscal year ended
October 31, 2024. Information provided for MFS Charter Income Trust, MFS Government Markets Income Trust,
MFS High Income Municipal Trust, MFS High Yield Municipal Trust, MFS Intermediate High Income Fund, and
MFS Investment Grade Municipal Trust is for the fiscal year ended November 30, 2024.
6
For the calendar year 2024 for 134 funds that
paid Trustee compensation.
TRUST INFORMATION
This section provides
certain information about each Trust, including information about its investment adviser and administrator,
independent registered public accounting firm, executive officers and the identity of persons holding
more than 5% of the outstanding shares of any class of any Trust.
Investment Adviser and Administrator
Each
Trust engages as its investment adviser and administrator, MFS, a Delaware corporation with offices at
111 Huntington Avenue, Boston, Massachusetts 02199. MFS and its predecessor organizations have a history
of money management dating from 1924. MFS is a subsidiary of Sun Life of Canada (U.S.) Financial Services
Holdings, Inc., which in turn is an indirect majority-owned subsidiary of Sun Life Financial Inc. (a diversified
financial services company).
17
Independent
Registered Public Accounting Firm
The Independent Registered Public Accounting Firm and fiscal
year end for each Trust are listed below:
Trust
Independent
Registered Public
Accounting Firm
Fiscal
Year End
MFS Charter Income Trust
Ernst Young LLP (“EY”)
November 30
MFS Government Markets Income Trust
Deloitte
Touche LLP (“Deloitte”)
November 30
MFS High Income Municipal Trust
EY
November 30
MFS
High Yield Municipal Trust
EY
November 30
MFS Intermediate High Income Fund
EY
November 30
MFS
Intermediate Income Trust
Deloitte
October 31
MFS Investment Grade Municipal Trust
EY
November 30
MFS
Multimarket Income Trust
EY
October 31
MFS Municipal Income Trust
Deloitte
October 31
The Independent Registered
Public Accounting Firm has no direct or material indirect interest in a Trust.
Representatives of
the applicable Independent Registered Public Accounting Firm are not expected to be present at the Meeting,
but they will have the opportunity to make a statement if they wish, and they will be available should
any matter arise requiring their presence.
Each Trust’s Audit Committee submitted the following statement
to be included in this Proxy Statement:
The Audit Committee reviewed and discussed
the audited financial statements with Trust management. The Audit Committee also discussed with the independent
public accounting firm the matters required to be discussed by the applicable requirements of the PCAOB
and the Securities and Exchange Commission (“SEC”). The Audit Committee received the written disclosures
and the letter from the independent public accounting firm required by the PCAOB regarding the independent
public accounting firm’s communications with the Audit Committee regarding independence, and discussed
with the independent public accounting firm its independence.
Based on this review
and the review of other information and these and other discussions, the Audit Committee recommended
to the Board of Trustees that the audited financial statements be included in the Trust’s annual report
to shareholders for the Trust’s 2024 fiscal year for filing with the SEC.
The members of each
Trust’s Audit Committee are: Steven E. Buller, John A. Caroselli, Peter D. Jones, Clarence Otis, Jr.,
and Darrell A. Williams.
To the extent required by applicable regulations, pre-approval by the Audit Committee
of the Board is needed for all audit and permissible non-audit services rendered by the Independent Registered
Public Accounting Firm to each Trust and all permissible non-audit services rendered by the Independent
Registered Public Accounting Firm to MFS and any entity controlling, controlled by or under common control
with MFS that provides ongoing services to a Trust (including MFS Service Center, Inc.) (each, a “Service
Affiliate”) if the services relate directly to the operations and financial reporting of such Trust.
Pre-approval is currently on an engagement-by-engagement basis. In the event pre-approval of such services
is necessary between regular meetings of the Audit Committee and it is not practical to wait to seek
pre-approval at the next regular meeting of the Audit Committee, pre-approval of such services may be
referred to the Chair of the Audit Committee; provided that the Chair may not pre-approve any individual
engagement for such services exceeding $50,000 or multiple engagements for such services in the aggregate
exceeding $100,000 between such regular meetings of the Audit Committee. Any engagement pre-approved
by the Chair between regular meetings of the Audit Committee shall be presented for ratification by the
entire Audit Committee at its next regularly scheduled meeting.
Schedule A attached hereto includes tables
that set forth for each Trust’s two most recent fiscal years, the fees billed by each Trust’s Independent
Registered Public Accounting Firm for (a) all audit and non-audit services provided directly to the
Trust and (b) those non-audit services provided to each Trust’s Service Affiliates that relate directly
to the Trust’s operations and financial reporting under the following captions:
(i)
Audit Fees — fees
related to the audit and review of the financial statements included in annual reports and registration
statements, and other services that are normally provided in connection with statutory and regulatory
filings or engagements.
(ii)
Audit-Related
Fees — fees related to assurance and related services that are reasonably related to the performance
of the audit or review of financial statements, but not reported under “Audit Fees,” including accounting
18
consultations, agreed-upon procedure reports (inclusive of annual review of basic
maintenance testing associated with the Preferred Shares), attestation reports, comfort letters and internal
control reviews.
(iii)
Tax
Fees — fees associated with tax compliance, tax advice and tax planning, including services relating
to the regulated investment company qualification reviews and tax distribution and analysis reviews.
(iv)
All
Other Fees — fees for products and services provided to a Trust by the Independent Registered Public
Accounting Firm other than those reported under “Audit Fees,” “Audit-Related Fees,” and “Tax
Fees.”
Schedule A attached hereto also sets forth the aggregate fees billed by each Independent
Registered Public Accounting Firm for each Trust’s two most recent fiscal years for non-audit services
rendered to each Trust and each Trust’s Service Affiliates.
The Audit Committee has considered whether
the provision by each Trust’s Independent Registered Public Accounting Firm of non-audit services to
each Trust’s Service Affiliates that were not pre-approved by the Audit Committee because such services
did not relate directly to the operations and financial reporting of each Trust was compatible with maintaining
the independence of the Independent Registered Public Accounting Firm as each Trust’s principal auditor.
Officers
The
officers of the Trusts, as of August 1, 2025, are listed below, together with their principal occupations
during the past five years (their titles may have varied during that period). Each officer will hold
office until his or her successor is chosen and qualified, or until he or she retires, resigns or is
removed from office.
Name, Age
Position(s)
Held with
Trust
Officer
Since
(1)
Principal Occupations
During the Past
Five Years
(2)
William
T. Allen
(3)
age 58
Deputy
Assistant Treasurer
April
2024
Massachusetts
Financial Services Company, Vice President
Brian Balasco
(3)
age
47
Assistant
Treasurer
April
2024
Massachusetts
Financial Services Company, Vice President
Christopher R. Bohane
(3)
age 51
Assistant Secretary and Assistant Clerk
July 2005
Massachusetts Financial
Services Company, Senior Vice President and Deputy General Counsel
James
L. Byrne
(3)
age 49
Assistant
Treasurer
April
2024
Massachusetts
Financial Services Company, Vice President
John W. Clark, Jr.
(3)
age
58
Deputy
Treasurer
April
2017
Massachusetts
Financial Services Company, Vice President
David L. DiLorenzo
(3)
age 56
President
July 2005
Massachusetts Financial Services Company, Senior Vice President
Heidi
W. Hardin
(3)
age 57
Secretary
and Clerk
April
2017
Massachusetts
Financial Services Company, Executive Vice President and General Counsel
Brian
E. Langenfeld
(3)
age 52
Assistant
Secretary and Assistant Clerk
June
2006
Massachusetts
Financial Services Company, Vice President and Managing Counsel
Rosa
E. Licea-Mailloux
(3)
age 48
Chief
Compliance Officer
March
2022
Massachusetts
Financial Services Company, Vice President (since 2018); Director of Corporate Compliance (2018-2021);
Senior Director Compliance (2021-2022); Senior Managing Director of North American Compliance Chief
Compliance Officer (since March 2022)
Amanda S. Mooradian
(3)
age 46
Assistant
Secretary
and Assistant Clerk
September
2018
Massachusetts
Financial Services Company, Vice President and Senior Counsel
Susan
A. Pereira
(3)
age 54
Assistant
Secretary and Assistant Clerk
July
2005
Massachusetts
Financial Services Company, Vice President and Managing Counsel
19
Name, Age
Position(s)
Held with
Trust
Officer
Since
(1)
Principal Occupations
During the Past
Five Years
(2)
Kasey
L. Phillips
(3)
age 54
Treasurer
September
2012
Massachusetts
Financial Services Company, Vice President
Matthew A. Stowe
(3)
age
50
Assistant
Secretary and Assistant Clerk
October
2014
Massachusetts
Financial Services Company, Senior Vice President and Senior Managing Counsel
William
B. Wilson
(3)
age 42
Assistant
Secretary and Assistant Clerk
October
2022
Massachusetts
Financial Services Company, Assistant Vice President and Senior Counsel
(1)
Date
first appointed to serve as Officer of an MFS Fund. From January 2012 through December 2016, Mr. DiLorenzo
served as Treasurer of the Funds. From September 2012 through March 2024, Ms. Phillips served as Assistant
Treasurer of the MFS Funds. From April 2017 through March 2024, Mr. Clark served as Assistant Treasurer
of the Funds.
(2)
Officers
do not serve as directors or trustees of companies required to report to the SEC (i.e., “public companies”).
(3)
“Interested
person” of the Trust within the meaning of the 1940 Act, which is the principal federal law governing
investment companies like the Trusts, as a result of position with MFS. The address of MFS is 111 Huntington
Avenue, Boston, Massachusetts 02199.
Each Trust’s officers held comparable positions with the
139 funds in the MFS Family of Funds as of July 31, 2025, and with certain affiliates of MFS. The address
of each officer is c/o MFS, 111 Huntington Avenue, Boston, Massachusetts 02199.
Interests
of Certain Persons
Schedule B attached hereto sets forth, as of July 31, 2025, to the best knowledge
of each Trust, the shareholders who beneficially owned more than 5% of the outstanding shares of any
class of such Trust.
Section 30(h) of the 1940
Act and Section 16(a) of the Securities Exchange Act of 1934 require certain reporting persons to file
reports of ownership and changes in ownership with the SEC and the New York Stock Exchange. Such persons
are required by SEC regulations to furnish each Trust with copies of all Section 16(a) forms they file
in relation to that Trust. Based solely on its review of the copies of such reports received by it, or
written representations from certain reporting persons, each Trust believes all Section 16(a) transactions
were reported on a timely basis, except a late filing of Form 3 was made on behalf of Kasey Phillips
(Treasurer) in connection with her appointment as Treasurer of the Trusts due to an administrative oversight
by the Trusts' administrator. Ms. Phillips did not own shares of the Trusts, and the late filing did
not involve a failure to report trading in the Trusts' shares.
FURTHER INFORMATION ABOUT
VOTING AND THE MEETING
Manner of Voting Proxies
All proxies received by management will be voted on all matters
presented at the Meeting, and if not limited to the contrary, will be voted FOR the election of Maureen
R. Goldfarb, John P. Kavanaugh, Maryanne L. Roepke, Paula E. Smith, and Laurie J. Thomsen as Trustees
of the Trust (if still available for election).
All proxies received, including proxies that reflect (i) broker
non-votes (i.e., shares held by brokers or nominees as to which (a) instructions have not been received
from the beneficial owners or the persons entitled to vote, and (b) the broker or nominee does not have
discretionary voting power on a particular matter), (ii) abstentions or (iii) the withholding of authority
to vote for a nominee for election as Trustee, will be counted as shares that are present on a particular
matter for purposes of determining the presence of a quorum for that matter. A majority of the outstanding
shares of MFS High Income Municipal Trust, MFS Investment Grade Municipal Trust, and MFS Intermediate
High Income Fund, entitled to be cast at the Meeting that are present in person or represented by proxy
constitutes a quorum, and thirty percent (30%) of the outstanding shares of MFS Charter Income Trust,
MFS Government Markets Income Trust, MFS High Yield Municipal Trust, MFS Intermediate Income Trust, MFS
Multimarket Income Trust, and MFS Municipal Income Trust entitled to be cast at the Meeting that are
present in person or represented by proxy constitutes a quorum. With respect to the election of John
P. Kavanaugh and Maryanne L. Roepke as Trustees of MFS High Yield Municipal Trust, and MFS Municipal
Income Trust, a quorum also requires thirty percent (30%) of each Trust’s outstanding preferred shares
entitled to vote at the Meeting present in person or by proxy. With respect to the election of John P.
Kavanaugh and Maryanne L. Roepke as Trustees of MFS High Income Municipal Trust and MFS Investment Grade
Municipal Trust, a quorum requires a majority of each Trust’s outstanding preferred shares entitled
to vote at the Meeting present in person or by proxy. With respect to the election of Trustees, other
than the election of John P. Kavanaugh and Maryanne L. Roepke as Trustees of MFS Municipal Income Trust,
neither broker non-votes nor abstentions nor withholding authority to vote have any effect on the outcome
of the voting. With respect to the election of John P. Kavanaugh and Maryanne L. Roepke as Trustees of
MFS Municipal Income Trust, broker non-votes, abstentions and withholding authority to vote have the
effect of a vote against their elections as Trustees.
Each shareholder of a Trust is entitled
to one vote for each share of the Trust that such shareholder owns at the close of business on July 31,
2025, on each matter on which the shareholder is entitled to vote. Each fractional share is entitled
to a proportionate fractional vote.
Each Trust will reimburse the record holders of its shares
for their reasonable expenses incurred in sending proxy material to and obtaining voting instructions
from beneficial owners.
Each Trust knows of no other matters to be brought before the Meeting. If, however,
because of any unexpected occurrence, any nominee is not available for election or if any other matters
properly come before the Meeting, it is each Trust’s intention that proxies not limited to the contrary
will be voted in accordance with the judgment of the persons named in the enclosed form of proxy.
Instructions
for Voting Proxies
The giving of a proxy will not affect a shareholder’s right to vote in person
should the shareholder decide to attend the Meeting. To vote by mail, please mark, sign, date and return
the enclosed proxy card following the instructions printed on the card. Please refer to your proxy card
for instructions for voting by telephone or internet.
Submission of Proposals
Proposals of shareholders
which are intended to be included in the Trust’s Proxy Statement and presented at the 2026 Annual Meeting
of Shareholders must be received by the Secretary of the Trust, at the Trusts’ principal office at
111 Huntington Avenue, Boston, Massachusetts, 02199, on or prior to April 24, 2026 for MFS Charter Income
Trust, MFS Government Markets Income Trust, MFS High Income Municipal Trust, MFS High Yield Municipal
Trust, MFS Intermediate
21
High
Income Fund, MFS Intermediate Income Trust, MFS Investment Grade Municipal Trust, MFS Multimarket Income
Trust, and MFS Municipal Income Trust. The submission by a shareholder of a proposal for inclusion in
the proxy materials does not guarantee that it will be included. Shareholder proposals are subject to
certain requirements under the federal securities laws.
A shareholder who wishes to make a proposal
at the 2026 Annual Meeting of Shareholders without including the proposal in the Trust’s Proxy Statement
must ensure that the proposal is received by the Secretary of the Trust in good order and in compliance
with all applicable legal requirements and requirements set forth in the Trust’s By-Laws and Declaration
of Trust between May 24, 2026 and July 8, 2026, for MFS Charter Income Trust, MFS Government Markets
Income Trust, MFS Intermediate Income Trust, MFS Multimarket Income Trust, and MFS Municipal Income Trust,
and June 23, 2026 and July 8, 2026, for MFS High Income Municipal Trust, MFS High Yield Municipal Trust,
MFS Intermediate High Income Fund, and MFS Investment Grade Municipal Trust, at the Trust’s principal
office at 111 Huntington Avenue, Boston, Massachusetts, 02199. The persons named as proxies for the 2026
Annual Meeting of Shareholders will have discretionary authority to vote on all matters presented at
the meeting consistent with the SEC’s proxy rules.
Other Business
The Trustees
know of no matters other than those described in this proxy statement to be brought before the annual
meeting.
On July 10, 2023, Bulldog Investors, LLP (“Bulldog”), on behalf of Special
Opportunities Fund, provided notice to each of MFS Investment Grade Municipal Trust and MFS High Yield
Municipal Trust of its intention to submit shareholder proposals for consideration at the Meeting, requesting
that each such Fund's shareholders vote i) to elect two individuals nominated by Bulldog as Trustees
of the Fund and ii) to approve a non-binding proposal that the Board of the Fund consider authorizing
a liquidity event that will allow shareholders to monetize a significant percentage of their shares at
or close to each Fund's net asset value. The two Funds, MFS, and Bulldog reached an agreement (the “Settlement
Agreement”) pursuant to which Bulldog agreed that it will not formally submit its shareholder proposals
for consideration at the Meeting, unless the average trading discount of the shares was equal to or less
than 7.50% for the entirety of a consecutive 30 calendar day period (the “Discount Threshold”) prior
to July 15, 2025. On July 15, 2025, the Settlement Agreement was amended to, among other things, extend
the deadline for each of the Funds to satisfy the Discount Threshold until December 31, 2025.
Additional Information
The
Meeting of shareholders of each Trust is called to be held at the same time as the Meetings of shareholders
of each of the other Trusts. It is anticipated that all Meetings will be held simultaneously.
If
any shareholder at the Meeting objects to the holding of a simultaneous Meeting and moves for an adjournment
of the Meeting to a time promptly after the simultaneous Meetings, the persons named as proxies will
vote in favor of such adjournment.
In the event that a quorum is not present for purposes of
acting on the proposal, or if sufficient votes on the proposal set forth in the Notice of Annual Meeting
of Shareholders are not received by the time of the Meeting, the persons named as proxies may propose
one or more adjournments of the Meeting or postponements from time to time, with no other notice than
an announcement at the Meeting, in order to permit further solicitation of proxies for the proposal.
Any adjournment will require the affirmative vote of a majority of the votes properly cast on the question
in person or by proxy at the session of the Meeting to be adjourned. The persons named as proxies will
vote in favor of adjournment those proxies that they are entitled to vote in favor of such adjournment
and will vote against any such adjournment all other proxies. Your Trust pays the costs of any additional
solicitation and of any adjourned session. Any proposals for which sufficient votes in accordance with
the Trustees’ recommendations have been received by the time of the Meeting may be acted upon and considered
final regardless of whether the Meeting is adjourned to permit additional solicitation with respect to
any other proposal.
As part of our effort to maintain a safe and healthy environment at the Meeting,
each Trust and the Trustees monitor statements issued by the Centers for Disease Control and Prevention
(www.cdc.gov). For that reason, the Trustees reserve the right to reconsider the date, time and/or means
of convening each Trust’s meeting. Subject to any restrictions imposed by applicable law, the Trustees
may choose to conduct the meeting solely by means of remote communications, or may hold a “hybrid”
meeting where some participants attend in person and others attend by means of remote communications.
If the Trustees choose to change the date, time and/or means of convening a Trust’s meeting, the Trust
will announce the decision to do so in advance, and details on how to participate will be issued by press
release and filed with the SEC as additional proxy material.
The expense of the preparation, printing
and mailing of the enclosed form of proxy, the Notice and this Proxy Statement, and any tabulation costs,
will be borne on a proportional basis by the Trusts.
Annual reports will be sent to shareholders
of record of each Trust following each Trust’s fiscal year end. A copy of each Trust’s most recent
annual report and semi-annual report may be obtained without charge at closedendfunds.mfs.com or by
22
contacting
Computershare, each Trust’s transfer and shareholder servicing agent, 150 Royall Street, Canton, Massachusetts,
02021, or by telephoning toll-free (800) 637-2304 or by email at mfs@computershare.com.
Unless a Trust receives
contrary instructions, only one copy of this Proxy Statement will be mailed to a given address where
two or more shareholders share that address. If you need a proxy card or additional copies of this Proxy
Statement and you are the holder of record of your shares, please contact Computershare at (888) 603-6776,
or by email at shareholdermeetings@computershare.com, or at https://www.proxy-direct.com/mfs-34526. If
your shares are held in broker street name, please contact your financial intermediary to obtain a voting
instruction form or additional copies of this Proxy Statement. A copy of this Proxy Statement is also
available at www.mfs.com.
23
IT
IS IMPORTANT THAT PROXIES BE RETURNED PROMPTLY
August
22, 2025
MFS
®
CHARTER
INCOME TRUST
MFS
®
GOVERNMENT MARKETS INCOME TRUST
MFS
®
HIGH INCOME MUNICIPAL TRUST
MFS
®
HIGH
YIELD MUNICIPAL TRUST
MFS
®
INTERMEDIATE HIGH INCOME
FUND
MFS
®
INTERMEDIATE INCOME TRUST
MFS
®
INVESTMENT GRADE MUNICIPAL TRUST
MFS
®
MULTIMARKET
INCOME TRUST
MFS
®
MUNICIPAL INCOME TRUST
24
Schedule
A
Independent
Registered Public Accounting Firm Fees
For each Trust’s last two fiscal years, fees billed by each
Trust’s Independent Registered Public Accounting Firm for services provided directly to each Trust:
Audit
Fees
Audit-Related
Fees
Tax
Fees
November 30, 2024
Independent
Registered
Public Accounting Firm
All Other
Fees
MFS Charter Income Trust
EY
$72,055
$14,482
$267
$0
MFS Government Markets Income Trust
Deloitte
$73,642
$10,000
$0
$0
MFS
High Income Municipal Trust
EY
$74,167
$14,482
$0
$0
MFS
High Yield Municipal Trust
EY
$74,167
$14,482
$0
$0
MFS
Intermediate High Income Fund
EY
$74,456
$14,482
$267
$0
MFS
Investment Grade Municipal Trust
EY
$74,167
$14,482
$0
$0
Audit
Fees
Audit-Related
Fees
Tax
Fees
November 30, 2023
Independent
Registered
Public Accounting Firm
All Other
Fees
MFS Charter Income Trust
EY
$69,513
$13,965
$259
$0
MFS Government Markets Income Trust
Deloitte
$70,686
$10,000
$0
$0
MFS
High Income Municipal Trust
EY
$71,549
$13,965
$0
$0
MFS
High Yield Municipal Trust
EY
$71,549
$13,965
$0
$0
MFS
Intermediate High Income Fund
EY
$71,828
$13,965
$259
$0
MFS
Investment Grade Municipal Trust
EY
$71,549
$13,965
$0
$0
Audit
Fees
Audit-Related
Fees
Tax
Fees
October
31, 2024
Independent
Registered
Public Accounting Firm
All
Other
Fees
MFS Intermediate Income Trust
Deloitte
$74,560
$10,000
$0
$0
MFS Multimarket Income Trust
EY
$72,055
$14,482
$267
$0
MFS Municipal Income Trust
Deloitte
$72,902
$10,000
$0
$0
Audit
Fees
Audit-Related
Fees
Tax
Fees
October
31, 2023
Independent
Registered
Public Accounting Firm
All
Other
Fees
MFS Intermediate Income Trust
Deloitte
$71,571
$10,000
$0
$0
MFS Multimarket Income Trust
EY
$69,513
$13,965
$259
$0
MFS Municipal Income Trust
Deloitte
$69,973
$10,000
$0
$0
For
each Trust’s last two fiscal years, fees billed by each Trust’s Independent Registered Public Accounting
Firm for services provided to the Trust’s Service Affiliates that relate directly to such Trust’s
operations and financial reporting:
Schedule A-
1
Independent
Registered
Audit-Related
Fees
#
Tax
Fees
#
All Other
Fees
#
November 30, 2024
Public Accounting
Firm
Service Affiliates of MFS Charter Income Trust
EY
$0
$0
$3,600
Service
Affiliates of MFS Government Markets Income Trust
Deloitte
$0
$0
$0
Service Affiliates of MFS High Income Municipal Trust
EY
$0
$0
$3,600
Service
Affiliates of MFS High Yield Municipal Trust
EY
$0
$0
$3,600
Service Affiliates of MFS Intermediate High Income Fund
EY
$0
$0
$3,600
Service
Affiliates of MFS Investment Grade Municipal Trust
EY
$0
$0
$3,600
Independent
Registered
Audit-Related
Fees
#
Tax
Fees
#
All Other
Fees
#
November 30, 2023
Public Accounting
Firm
Service Affiliates of MFS Charter Income Trust
EY
$0
$0
$3,600
Service
Affiliates of MFS Government Markets Income Trust
Deloitte
$0
$0
$0
Service Affiliates of MFS High Income Municipal Trust
EY
$0
$0
$3,600
Service
Affiliates of MFS High Yield Municipal Trust
EY
$0
$0
$3,600
Service Affiliates of MFS Intermediate High Income Fund
EY
$0
$0
$3,600
Service
Affiliates of MFS Investment Grade Municipal Trust
EY
$0
$0
$3,600
Independent
Registered
Audit-Related
Fees
#
Tax
Fees
#
All Other
Fees
#
October 31, 2024
Public Accounting
Firm
Service Affiliates of MFS Intermediate Income Trust
Deloitte
$0
$0
$0
Service
Affiliates of MFS Multimarket Income Trust
EY
$0
$0
$3,600
Service Affiliates of MFS Municipal Income Trust
Deloitte
$0
$0
$0
Independent
Registered
Audit-Related
Fees
#
Tax
Fees
#
All Other
Fees
#
October 31, 2023
Public Accounting
Firm
Service Affiliates of MFS Intermediate Income Trust
Deloitte
$0
$0
$0
Service
Affiliates of MFS Multimarket Income Trust
EY
$0
$0
$3,600
Service Affiliates of MFS Municipal Income Trust
Deloitte
$0
$0
$0
#
This amount reflects the fees billed to Service Affiliates of each Trust for non-audit
services relating directly to the operations and financial reporting of the Trust (portions of which
services also related to the operations and financial reporting of all funds within the MFS funds complex).
During
the periods indicated in the tables above, no services described under “Audit-Related Fees,” “Tax
Fees” or “All Other Fees” were approved pursuant to the de minimis exception set forth in paragraph
(c)(7)(i)(C) of Rule 2-01 of Regulation S-X.
Aggregate fees billed by each Independent Registered Public
Accounting Firm, for each Trust’s two most recent fiscal years, for non-audit services rendered to
each Trust and each Trust’s Service Affiliates (if applicable, the fees are converted to USD as of
the payment date):
Schedule A-
2
Trust and
Service Affiliates
Independent Registered
Public
Accounting Firm
2024
2023
MFS Charter Income Trust and its Service Affiliates
EY
$324,289
$192,574
MFS
Government Markets Income Trust and its Service Affiliates
Deloitte
$27,927
$10,000
MFS High Income Municipal Trust and its Service Affiliates
EY
$324,022
$192,315
MFS
High Yield Municipal Trust and its Service Affiliates
EY
$324,022
$192,315
MFS Intermediate High Income Fund and its Service Affiliates
EY
$324,289
$192,574
MFS
Intermediate Income Trust and its Service Affiliates
Deloitte
$27,927
$10,000
MFS Investment Grade Municipal Trust and its Service Affiliates
EY
$324,022
$192,315
MFS
Multimarket Income Trust and its Service Affiliates
EY
$324,289
$312,574
MFS Municipal Income Trust and its Service Affiliates
Deloitte
$27,927
$10,000
Schedule A-
3
Schedule
B
Interests
of Certain Persons
As of July 31, 2025, to the best knowledge of each Trust, the shareholders who
beneficially owned more than 5% of the outstanding shares of any class of such Trust are as follows:
Trust
Name and Address
of Beneficial Owner
Title of
Class
Number of
Outstanding
Shares
Beneficially
Owned
(1)
Percent of
Outstanding
Shares of
Noted
Class
Owned
MFS Charter Income Trust
Morgan
Stanley (Smith Barney)
1585 Broadway
New
York, NY 10036
Common
6,676,108
15.90%
Sit Investment
Associates, Inc.
3300 IDS Center
80
South Eighth Street
Minneapolis, MN 55402
Common
2,451,127
5.90%
MFS
Government Markets
Income Trust
Sit
Investment Associates, Inc.
3300 IDS Center
80
South Eighth Street
Minneapolis, MN 55402
Common
6,890,577
21.14%
1607
Capital Partners, LLC
13 S. 13th Street Suite 400
Richmond,
VA 23219
Common
2,349,621
7.21%
Karpus
Management, Inc.
183 Sully’s Trail
Pittsford,
NY 14534
Common
2,207,385
6.77%
MFS
High Income Municipal Trust
Saba
Capital Management, L.P.
405 Lexington Avenue 58th
Floor
New York, NY 10174
Common
2,272,767
7.21%
JPMorgan
Chase Bank, N.A.
1111 Polaris Parkway
Columbus,
OH 43240
Preferred
692
100%
MFS
High Yield Municipal Trust
Bulldog
Investors, LLP
Park 80 West-Plaza Two
250 Pehle
Ave Suite 708
Saddle Brook, NJ 07663
Common
3,076,451
12.07%
Sit Investment
Associates, Inc.
3300 IDS Center
80
South Eighth Street
Minneapolis, MN 55402
Common
2,002,639
7.90%
RiverNorth
Capital Management, LLC
360 S Rosemary Ave Suite 1420
West
Palm Beach, FL 33401
Common
1,914,727
7.51%
JPMorgan
Chase Bank, N.A.
1111 Polaris Parkway
Columbus,
OH 43240
Preferred
510
100%
Schedule B-
1
Trust
Name and Address
of Beneficial Owner
Title of
Class
Number of
Outstanding
Shares
Beneficially
Owned
(1)
Percent of
Outstanding
Shares of
Noted
Class
Owned
MFS
Intermediate High Income Fund
Sit Investment
Associates, Inc.
3300 IDS Center
80
South Eighth Street
Minneapolis, MN 55402
Common
1,082,086
6.00%
MFS Intermediate Income Trust
Sit Investment Associates,
Inc.
3300 IDS Center
80 South
Eighth Street
Minneapolis, MN 55402
Common
22,167,850
19.44%
Allspring
Global Investments Holdings, LLC
1415 Vantage Park Drive 3rd Floor
Charlotte,
NC 28203
Common
7,870,088
6.92%
1607 Capital Partners, LLC
13
S. 13th Street Suite 400
Richmond, VA 23219
Common
7,575,555
6.66%
MFS Investment
Grade
Municipal Trust
Bulldog
Investors, LLP
Park 80 West-Plaza Two
250 Pehle
Ave Suite 708
Saddle Brook, NJ 07663
Common
866,996
10.57%
Sit Investment
Associates, Inc.
3300 IDS Center
80
South Eighth Street
Minneapolis, MN 55402
Common
560,546
6.80%
RiverNorth
Capital Management, LLC
360 S Rosemary Ave Suite 1420
West
Palm Beach, FL 33401
Common
512,860
5.63%
Almitas
Capital LLC
1460 4th Street Suite 300
Santa
Monica, CA 90401
Common
491,954
5.40%
JPMorgan
Chase Bank, N.A.
1111 Polaris Parkway
Columbus,
OH 43240
Preferred
372
100%
MFS Multimarket Income Trust
Allspring Global Investments
Holdings, LLC
1415 Vantage Park Drive 3rd Floor
Charlotte,
NC 28203
Common
3,251,335
5.88%
MFS Municipal Income Trust
JPMorgan Chase Bank, N.A.
1111 Polaris Parkway
Columbus, OH 43240
Preferred
967
100%
(1)
Amounts reflected are based on disclosure in
Schedule 13D and 13G filings made with the SEC as of July 31, 2025.
Schedule B-
2
CE-MULTI-PRX-8/25
MFS
Charter Income Trust
PO Box 43131
Providence,
RI 02940-3131
EVERY VOTE
IS IMPORTANT
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VOTE
ON THE INTERNET
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or scan the QR code
Follow the on-screen instructions
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(until 10:00 a.m. Eastern
Time
on October 2, 2025)
VOTE
BY TELEPHONE
Call toll free:
1-800-337-3503
Follow the recorded instructions
available 24 hours
(until 10:00 a.m. Eastern Time
on October 2, 2025)
VOTE
BY MAIL
Vote, sign and date your
Proxy
Card and return it in the
postage-paid envelope
(must
be received
by 10:00 a.m. Eastern Time
on
October 2, 2025)
Do not mail your
Proxy
Card when you vote
by phone or internet
Please detach at perforation before mailing
PROXY
MFS Charter Income Trust
111
Huntington Avenue, Boston, Massachusetts 02199
ANNUAL MEETING OF SHAREHOLDERS TO BE HELD
ON OCTOBER 2, 2025
This proxy is solicited on behalf of the Board
of Trustees of the Trust
The signer of this proxy card hereby appoints Christopher
R. Bohane, Tiffany Ko, Brian E. Langenfeld, Amanda S. Mooradian, Susan A. Pereira, Matthew A. Stowe,
and William B. Wilson and each of them separately, proxies, with power of substitution, and hereby authorizes
each of them to represent, and to vote, as designated on the reverse side, at the Meeting of Shareholders
of the above-referenced Trust, to be held on Thursday, October 2, 2025 at 10:30 a.m., Eastern Time, and
at any adjournments or postponements thereof, all of the common shares of the Trust that the undersigned
would be entitled to vote if personally present. Only the Trust’s shareholders of record on July 31,
2025 will be entitled to vote at the Trust’s Meeting of Shareholders.
THIS PROXY WHEN
PROPERLY EXECUTED WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE SIGNING SHAREHOLDER.
IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED
FOR
THE PROPOSAL.
IN
THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE
THE MEETING
OR ANY ADJOURNMENTS OF THE MEETING.
THE TRUSTEES RECOMMEND
A VOTE
FOR
THE PROPOSAL ON THE REVERSE SIDE.
YOUR
VOTE IS IMPORTANT. WE WOULD APPRECIATE YOUR PROMPTLY VOTING, SIGNING, DATING, AND RETURNING THE ENCLOSED
PROXY, WHICH WILL HELP AVOID THE ADDITIONAL EXPENSE OF A SECOND SOLICITATION FOR YOUR TRUST. THE ENCLOSED
ADDRESSED ENVELOPE REQUIRES NO POSTAGE AND IS PROVIDED FOR YOUR CONVENIENCE.
VOTE
VIA THE INTERNET:
www.proxy-direct.com
VOTE VIA
THE TELEPHONE:
1-800-337-3503
MCR_34526_040225
xxxxxxxxxxxxxx
code
EVERY
SHAREHOLDER’S VOTE IS IMPORTANT
Important
Notice Regarding the Availability of Proxy Materials for the MFS
Shareholders
Meeting to be held on October 2, 2025.
The Proxy Statement for this
meeting is available at https://www.proxy-direct.com/mfs-34526
PLEASE
SIGN, DATE AND RETURN YOUR
PROXY CARD TODAY
Please
detach at perforation before mailing.
TO VOTE MARK BLOCKS BELOW
IN BLUE OR BLACK INK AS SHOWN IN THIS EXAMPLE:
X
A
Proposal
YOUR BOARD OF TRUSTEES RECOMMENDS A VOTE “FOR”
THE ELECTION OF ALL NOMINEES.
1a. (i) Election of Trustees.
FOR
ALL
WITHHOLD
ALL
FOR
ALL EXCEPT
01. Maureen
R. Goldfarb
04. Laurie J. Thomsen
02. Maryanne L. Roepke
03.
Paula E. Smith
To withhold authority to vote for any individual, mark the
box “FOR ALL EXCEPT” and write
2.
To transact such other business as may properly come before the Meeting and any
adjournment(s) or
postponement(s) thereof.
B
Authorized Signatures ─ This section must be completed for
your vote to be counted.─ Sign and Date Below
Note
: Please sign exactly as your name(s) appear(s) on this proxy card, and date it.
When shares are held jointly, each holder should sign. When signing as attorney, executor, administrator,
trustee, officer of corporation or other entity or in another representative capacity, please give the
full title under the signature.
Date
(mm/dd/yyyy) ─ Please print date below
Signature 1 ─ Please keep signature within the box
Signature
2 ─ Please keep signature within the
box
/
/
Scanner
bar code
xxxxxxxxxxxxxx
MCR1 34526
xxxxxxxx
MFS
Government Markets Income Trust
PO Box 43131
Providence,
RI 02940-3131
EVERY VOTE
IS IMPORTANT
EASY VOTING OPTIONS:
VOTE
ON THE INTERNET
Log on to:
www.proxy-direct.com
or scan the QR code
Follow the on-screen instructions
available 24 hours
(until 10:00 a.m. Eastern
Time
on October 2, 2025)
VOTE
BY TELEPHONE
Call toll free:
1-800-337-3503
Follow the recorded instructions
available 24 hours
(until 10:00 a.m. Eastern Time
on October 2, 2025)
VOTE
BY MAIL
Vote, sign and date your
Proxy
Card and return it in the
postage-paid envelope
(must
be received
by 10:00 a.m. Eastern Time
on
October 2, 2025)
Do not mail your
Proxy
Card when you vote
by phone or internet
Please detach at perforation before mailing
PROXY
MFS Government Markets Income Trust
111
Huntington Avenue, Boston, Massachusetts 02199
ANNUAL MEETING OF SHAREHOLDERS TO BE HELD
ON OCTOBER 2, 2025
This proxy is solicited on behalf of the Board
of Trustees of the Trust
The signer of this proxy card hereby appoints Christopher
R. Bohane, Tiffany Ko, Brian E. Langenfeld, Amanda S. Mooradian, Susan A. Pereira, Matthew A. Stowe,
and William B. Wilson and each of them separately, proxies, with power of substitution, and hereby authorizes
each of them to represent, and to vote, as designated on the reverse side, at the Meeting of Shareholders
of the above-referenced Trust, to be held on Thursday, October 2, 2025 at 10:30 a.m., Eastern Time, and
at any adjournments or postponements thereof, all of the common shares of the Trust that the undersigned
would be entitled to vote if personally present. Only the Trust’s shareholders of record on July 31,
2025 will be entitled to vote at the Trust’s Meeting of Shareholders.
THIS PROXY WHEN
PROPERLY EXECUTED WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE SIGNING SHAREHOLDER.
IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED
FOR
THE PROPOSAL.
IN
THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE
THE MEETING
OR ANY ADJOURNMENTS OF THE MEETING.
THE TRUSTEES RECOMMEND
A VOTE
FOR
THE PROPOSAL ON THE REVERSE SIDE.
YOUR
VOTE IS IMPORTANT. WE WOULD APPRECIATE YOUR PROMPTLY VOTING, SIGNING, DATING, AND RETURNING THE ENCLOSED
PROXY, WHICH WILL HELP AVOID THE ADDITIONAL EXPENSE OF A SECOND SOLICITATION FOR YOUR TRUST. THE ENCLOSED
ADDRESSED ENVELOPE REQUIRES NO POSTAGE AND IS PROVIDED FOR YOUR CONVENIENCE.
VOTE
VIA THE INTERNET:
www.proxy-direct.com
VOTE VIA
THE TELEPHONE:
1-800-337-3503
MGF_34526_040225
xxxxxxxxxxxxxx
code
EVERY
SHAREHOLDER’S VOTE IS IMPORTANT
Important
Notice Regarding the Availability of Proxy Materials for the MFS
Shareholders
Meeting to be held on October 2, 2025.
The Proxy Statement for this
meeting is available at https://www.proxy-direct.com/mfs-34526
PLEASE
SIGN, DATE AND RETURN YOUR
PROXY CARD TODAY
Please
detach at perforation before mailing.
TO VOTE MARK BLOCKS BELOW
IN BLUE OR BLACK INK AS SHOWN IN THIS EXAMPLE:
X
A
Proposal
YOUR BOARD OF TRUSTEES RECOMMENDS A VOTE “FOR”
THE ELECTION OF ALL NOMINEES.
1a. (i) Election of Trustees.
FOR
ALL
WITHHOLD
ALL
FOR
ALL EXCEPT
01. Maureen
R. Goldfarb
04. Laurie J. Thomsen
02. Maryanne L. Roepke
03.
Paula E. Smith
To withhold
authority to vote for any individual, mark the box “FOR ALL EXCEPT” and write
2.
To transact such other business as may properly come before the Meeting and any
adjournment(s) or
postponement(s) thereof.
B
Authorized Signatures ─ This section must be
completed for your vote to be counted.─ Sign and Date Below
Note
: Please sign exactly as
your name(s) appear(s) on this proxy card, and date it. When shares are held jointly, each holder should
sign. When signing as attorney, executor, administrator, trustee, officer of corporation or other entity
or in another representative capacity, please give the full title under the signature.
Date
(mm/dd/yyyy) ─ Please print date below
Signature 1 ─ Please keep signature within the box
Signature
2 ─ Please keep signature within the
box
/
/
Scanner
bar code
xxxxxxxxxxxxxx
MGF1 34526
xxxxxxxx
MFS
Intermediate High Income Fund
PO Box 43131
Providence,
RI 02940-3131
EVERY VOTE
IS IMPORTANT
EASY VOTING OPTIONS:
VOTE
ON THE INTERNET
Log on to:
www.proxy-direct.com
or scan the QR code
Follow the on-screen instructions
available 24 hours
(until 10:00 a.m. Eastern
Time
on October 2, 2025)
VOTE
BY TELEPHONE
Call toll free:
1-800-337-3503
Follow the recorded instructions
available 24 hours
(until 10:00 a.m. Eastern Time
on October 2, 2025)
VOTE
BY MAIL
Vote, sign and date your
Proxy
Card and return it in the
postage-paid envelope
(must
be received
by 10:00 a.m. Eastern Time
on
October 2, 2025)
Do not mail your
Proxy
Card when you vote
by phone or internet
Please detach at perforation before mailing
PROXY
MFS Intermediate High Income Fund
111
Huntington Avenue, Boston, Massachusetts 02199
ANNUAL MEETING OF SHAREHOLDERS TO BE HELD
ON OCTOBER 2, 2025
This proxy is solicited on behalf of the Board
of Trustees of the Trust
The signer of this proxy card hereby appoints Christopher
R. Bohane, Tiffany Ko, Brian E. Langenfeld, Amanda S. Mooradian, Susan A. Pereira, Matthew A. Stowe,
and William B. Wilson and each of them separately, proxies, with power of substitution, and hereby authorizes
each of them to represent, and to vote, as designated on the reverse side, at the Meeting of Shareholders
of the above-referenced Trust, to be held on Thursday, October 2, 2025 at 10:30 a.m., Eastern Time, and
at any adjournments or postponements thereof, all of the common shares of the Trust that the undersigned
would be entitled to vote if personally present. Only the Trust’s shareholders of record on July 31,
2025 will be entitled to vote at the Trust’s Meeting of Shareholders.
THIS PROXY WHEN
PROPERLY EXECUTED WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE SIGNING SHAREHOLDER.
IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED
FOR
THE PROPOSAL.
IN
THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE
THE MEETING
OR ANY ADJOURNMENTS OF THE MEETING.
THE TRUSTEES RECOMMEND
A VOTE
FOR
THE PROPOSAL ON THE REVERSE SIDE.
YOUR
VOTE IS IMPORTANT. WE WOULD APPRECIATE YOUR PROMPTLY VOTING, SIGNING, DATING, AND RETURNING THE ENCLOSED
PROXY, WHICH WILL HELP AVOID THE ADDITIONAL EXPENSE OF A SECOND SOLICITATION FOR YOUR TRUST. THE ENCLOSED
ADDRESSED ENVELOPE REQUIRES NO POSTAGE AND IS PROVIDED FOR YOUR CONVENIENCE.
VOTE
VIA THE INTERNET:
www.proxy-direct.com
VOTE VIA
THE TELEPHONE:
1-800-337-3503
CIF_34526_040225
xxxxxxxxxxxxxx
code
EVERY
SHAREHOLDER’S VOTE IS IMPORTANT
Important
Notice Regarding the Availability of Proxy Materials for the MFS
Shareholders
Meeting to be held on October 2, 2025.
The Proxy Statement for this
meeting is available at https://www.proxy-direct.com/mfs-34526
PLEASE
SIGN, DATE AND RETURN YOUR
PROXY CARD TODAY
Please
detach at perforation before mailing.
TO VOTE MARK BLOCKS BELOW
IN BLUE OR BLACK INK AS SHOWN IN THIS EXAMPLE:
X
A
Proposal
YOUR BOARD OF TRUSTEES RECOMMENDS A VOTE “FOR”
THE ELECTION OF ALL NOMINEES.
1a. (i) Election of Trustees.
FOR
ALL
WITHHOLD
ALL
FOR
ALL EXCEPT
01. Maureen
R. Goldfarb
04. Laurie J. Thomsen
02. Maryanne L. Roepke
03.
Paula E. Smith
To withhold authority to vote for any individual, mark the
box “FOR ALL EXCEPT” and write
2.
To transact such other business as may properly come before the Meeting and any
adjournment(s) or
postponement(s) thereof.
B
Authorized Signatures ─ This section must be
completed for your vote to be counted.─ Sign and Date Below
Note
: Please sign exactly as
your name(s) appear(s) on this proxy card, and date it. When shares are held jointly, each holder should
sign. When signing as attorney, executor, administrator, trustee, officer of corporation or other entity
or in another representative capacity, please give the full title under the signature.
Date
(mm/dd/yyyy) ─ Please print date below
Signature 1 ─ Please keep signature within the box
Signature
2 ─ Please keep signature within the
box
/
/
Scanner
bar code
xxxxxxxxxxxxxx
CIF1 34526
xxxxxxxx
MFS
Intermediate Income Trust
PO Box 43131
Providence,
RI 02940-3131
EVERY VOTE
IS IMPORTANT
EASY VOTING OPTIONS:
VOTE
ON THE INTERNET
Log on to:
www.proxy-direct.com
or scan the QR code
Follow the on-screen instructions
available 24 hours
(until 10:00 a.m. Eastern
Time
on October 2, 2025)
VOTE
BY TELEPHONE
Call toll free:
1-800-337-3503
Follow the recorded instructions
available 24 hours
(until 10:00 a.m. Eastern Time
on October 2, 2025)
VOTE
BY MAIL
Vote, sign and date your
Proxy
Card and return it in the
postage-paid envelope
(must
be received
by 10:00 a.m. Eastern Time
on
October 2, 2025)
Do not mail your
Proxy
Card when you vote
by phone or internet
Please detach at perforation before mailing
PROXY
MFS Intermediate Income Trust
111
Huntington Avenue, Boston, Massachusetts 02199
ANNUAL MEETING OF SHAREHOLDERS TO BE HELD
ON OCTOBER 2, 2025
This proxy is solicited on behalf of the Board
of Trustees of the Trust
The signer of this proxy card hereby appoints Christopher
R. Bohane, Tiffany Ko, Brian E. Langenfeld, Amanda S. Mooradian, Susan A. Pereira, Matthew A. Stowe,
and William B. Wilson and each of them separately, proxies, with power of substitution, and hereby authorizes
each of them to represent, and to vote, as designated on the reverse side, at the Meeting of Shareholders
of the above-referenced Trust, to be held on Thursday, October 2, 2025 at 10:30 a.m., Eastern Time, and
at any adjournments or postponements thereof, all of the common shares of the Trust that the undersigned
would be entitled to vote if personally present. Only the Trust’s shareholders of record on July 31,
2025 will be entitled to vote at the Trust’s Meeting of Shareholders.
THIS PROXY WHEN
PROPERLY EXECUTED WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE SIGNING SHAREHOLDER.
IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED
FOR
THE PROPOSAL.
IN
THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE
THE MEETING
OR ANY ADJOURNMENTS OF THE MEETING.
THE TRUSTEES RECOMMEND
A VOTE
FOR
THE PROPOSAL ON THE REVERSE SIDE.
YOUR
VOTE IS IMPORTANT. WE WOULD APPRECIATE YOUR PROMPTLY VOTING, SIGNING, DATING, AND RETURNING THE ENCLOSED
PROXY, WHICH WILL HELP AVOID THE ADDITIONAL EXPENSE OF A SECOND SOLICITATION FOR YOUR TRUST. THE ENCLOSED
ADDRESSED ENVELOPE REQUIRES NO POSTAGE AND IS PROVIDED FOR YOUR CONVENIENCE.
VOTE
VIA THE INTERNET:
www.proxy-direct.com
VOTE VIA
THE TELEPHONE:
1-800-337-3503
MIN_34526_040225
xxxxxxxxxxxxxx
code
EVERY
SHAREHOLDER’S VOTE IS IMPORTANT
Important
Notice Regarding the Availability of Proxy Materials for the MFS
Shareholders
Meeting to be held on October 2, 2025.
The Proxy Statement for this
meeting is available at https://www.proxy-direct.com/mfs-34526
PLEASE
SIGN, DATE AND RETURN YOUR
PROXY CARD TODAY
Please
detach at perforation before mailing.
TO VOTE MARK BLOCKS BELOW
IN BLUE OR BLACK INK AS SHOWN IN THIS EXAMPLE:
X
A
Proposal
YOUR BOARD OF TRUSTEES RECOMMENDS A VOTE “FOR”
THE ELECTION OF ALL NOMINEES.
1a. (i) Election of Trustees.
FOR
ALL
WITHHOLD
ALL
FOR
ALL EXCEPT
01. Maureen
R. Goldfarb
04. Laurie J. Thomsen
02. Maryanne L. Roepke
03.
Paula E. Smith
To withhold authority to vote for any individual, mark the
box “FOR ALL EXCEPT” and write
2.
To transact such other business as may properly come before the Meeting and any
adjournment(s) or
postponement(s) thereof.
B
Authorized Signatures ─ This section must be
completed for your vote to be counted.─ Sign and Date Below
Note
: Please sign exactly as
your name(s) appear(s) on this proxy card, and date it. When shares are held jointly, each holder should
sign. When signing as attorney, executor, administrator, trustee, officer of corporation or other entity
or in another representative capacity, please give the full title under the signature.
Date
(mm/dd/yyyy) ─ Please print date below
Signature 1 ─ Please keep signature within the box
Signature
2 ─ Please keep signature within the
box
/
/
Scanner
bar code
xxxxxxxxxxxxxx
MIN1 34526
xxxxxxxx
MFS
Multimarket Income Trust
PO Box 43131
Providence,
RI 02940-3131
EVERY VOTE
IS IMPORTANT
EASY VOTING OPTIONS:
VOTE
ON THE INTERNET
Log on to:
www.proxy-direct.com
or scan the QR code
Follow the on-screen instructions
available 24 hours
(until 10:00 a.m. Eastern
Time
on October 2, 2025)
VOTE
BY TELEPHONE
Call toll free:
1-800-337-3503
Follow the recorded instructions
available 24 hours
(until 10:00 a.m. Eastern Time
on October 2, 2025)
VOTE
BY MAIL
Vote, sign and date your
Proxy
Card and return it in the
postage-paid envelope
(must
be received
by 10:00 a.m. Eastern Time
on
October 2, 2025)
Do not mail your
Proxy
Card when you vote
by phone or internet
Please detach at perforation before mailing
PROXY
MFS Multimarket Income Trust
111
Huntington Avenue, Boston, Massachusetts 02199
ANNUAL MEETING OF SHAREHOLDERS TO BE HELD
ON OCTOBER 2, 2025
This proxy is solicited on behalf of the Board
of Trustees of the Trust
The signer of this proxy card hereby appoints Christopher
R. Bohane, Tiffany Ko, Brian E. Langenfeld, Amanda S. Mooradian, Susan A. Pereira, Matthew A. Stowe,
and William B. Wilson and each of them separately, proxies, with power of substitution, and hereby authorizes
each of them to represent, and to vote, as designated on the reverse side, at the Meeting of Shareholders
of the above-referenced Trust, to be held on Thursday, October 2, 2025 at 10:30 a.m., Eastern Time, and
at any adjournments or postponements thereof, all of the common shares of the Trust that the undersigned
would be entitled to vote if personally present. Only the Trust’s shareholders of record on July 31,
2025 will be entitled to vote at the Trust’s Meeting of Shareholders.
THIS PROXY WHEN
PROPERLY EXECUTED WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE SIGNING SHAREHOLDER.
IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED
FOR
THE PROPOSAL.
IN
THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE
THE MEETING
OR ANY ADJOURNMENTS OF THE MEETING.
THE TRUSTEES RECOMMEND
A VOTE
FOR
THE PROPOSAL ON THE REVERSE SIDE.
YOUR
VOTE IS IMPORTANT. WE WOULD APPRECIATE YOUR PROMPTLY VOTING, SIGNING, DATING, AND RETURNING THE ENCLOSED
PROXY, WHICH WILL HELP AVOID THE ADDITIONAL EXPENSE OF A SECOND SOLICITATION FOR YOUR TRUST. THE ENCLOSED
ADDRESSED ENVELOPE REQUIRES NO POSTAGE AND IS PROVIDED FOR YOUR CONVENIENCE.
VOTE
VIA THE INTERNET:
www.proxy-direct.com
VOTE VIA
THE TELEPHONE:
1-800-337-3503
MMI_34526_040225
xxxxxxxxxxxxxx
code
EVERY
SHAREHOLDER’S VOTE IS IMPORTANT
Important
Notice Regarding the Availability of Proxy Materials for the MFS
Shareholders
Meeting to be held on October 2, 2025.
The Proxy Statement for this
meeting is available at https://www.proxy-direct.com/mfs-34526
PLEASE
SIGN, DATE AND RETURN YOUR
PROXY CARD TODAY
Please
detach at perforation before mailing.
TO VOTE MARK BLOCKS BELOW
IN BLUE OR BLACK INK AS SHOWN IN THIS EXAMPLE:
X
A
Proposal
YOUR BOARD OF TRUSTEES RECOMMENDS A VOTE “FOR”
THE ELECTION OF ALL NOMINEES.
1a. (i) Election of Trustees.
FOR
ALL
WITHHOLD
ALL
FOR
ALL EXCEPT
01. Maureen
R. Goldfarb
04. Laurie J. Thomsen
02. Maryanne L. Roepke
03.
Paula E. Smith
To withhold authority to vote for any individual, mark the
box “FOR ALL EXCEPT” and write
2.
To transact such other business as may properly come before the Meeting and any
adjournment(s) or
postponement(s) thereof.
B
Authorized Signatures ─ This section must be
completed for your vote to be counted.─ Sign and Date Below
Note
: Please sign exactly as
your name(s) appear(s) on this proxy card, and date it. When shares are held jointly, each holder should
sign. When signing as attorney, executor, administrator, trustee, officer of corporation or other entity
or in another representative capacity, please give the full title under the signature.
Date
(mm/dd/yyyy) ─ Please print date below
Signature 1 ─ Please keep signature within the box
Signature
2 ─ Please keep signature within the
box
/
/
Scanner
bar code
xxxxxxxxxxxxxx
MMI1 34526
xxxxxxxx
MFS High Income Municipal Trust
PO
Box 43131
Providence, RI 02940-3131
EVERY VOTE IS IMPORTANT
EASY VOTING OPTIONS:
VOTE
ON THE INTERNET
Log on to:
www.proxy-direct.com
or scan the QR code
Follow the on-screen instructions
available 24 hours
(until 10:00 a.m. Eastern
Time
on October 2, 2025)
VOTE
BY TELEPHONE
Call toll free:
1-800-337-3503
Follow the recorded instructions
available 24 hours
(until 10:00 a.m. Eastern Time
on October 2, 2025)
VOTE
BY MAIL
Vote, sign and date your
Proxy
Card and return it in the
postage-paid envelope
(must
be received
by 10:00 a.m. Eastern Time
on
October 2, 2025)
Do not mail your
Proxy
Card when you vote
by phone or internet
Please detach at perforation before mailing
PROXY
MFS High Income Municipal Trust
111
Huntington Avenue, Boston, Massachusetts 02199
ANNUAL MEETING OF SHAREHOLDERS TO BE HELD
ON OCTOBER 2, 2025
This proxy is solicited on behalf of the Board
of Trustees of the Trust
The signer of this proxy card hereby appoints Christopher
R. Bohane, Tiffany Ko, Brian E. Langenfeld, Amanda S. Mooradian, Susan A. Pereira, Matthew A. Stowe,
and William B. Wilson and each of them separately, proxies, with power of substitution, and hereby authorizes
each of them to represent, and to vote, as designated on the reverse side, at the Meeting of Shareholders
of the above-referenced Trust, to be held on Thursday, October 2, 2025 at 10:30 a.m., Eastern Time, and
at any adjournments or postponements thereof, all of the common shares of the Trust that the undersigned
would be entitled to vote if personally present. Only the Trust’s shareholders of record on July 31,
2025 will be entitled to vote at the Trust’s Meeting of Shareholders.
THIS PROXY WHEN
PROPERLY EXECUTED WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE SIGNING SHAREHOLDER.
IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED
FOR
THE PROPOSAL.
IN
THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE
THE MEETING
OR ANY ADJOURNMENTS OF THE MEETING.
THE TRUSTEES RECOMMEND
A VOTE
FOR
THE PROPOSAL ON THE REVERSE SIDE.
YOUR
VOTE IS IMPORTANT. WE WOULD APPRECIATE YOUR PROMPTLY VOTING, SIGNING, DATING, AND RETURNING THE ENCLOSED
PROXY, WHICH WILL HELP AVOID THE ADDITIONAL EXPENSE OF A SECOND SOLICITATION FOR YOUR TRUST. THE ENCLOSED
ADDRESSED ENVELOPE REQUIRES NO POSTAGE AND IS PROVIDED FOR YOUR CONVENIENCE.
VOTE
VIA THE INTERNET:
www.proxy-direct.com
VOTE VIA
THE TELEPHONE:
1-800-337-3503
CXE_34526_040225
xxxxxxxxxxxxxx
code
EVERY
SHAREHOLDER’S VOTE IS IMPORTANT
Important Notice Regarding
the Availability of Proxy Materials for the MFS
Shareholders
Meeting to be held on October 2, 2025.
The Proxy Statement for this
meeting is available at https://www.proxy-direct.com/mfs-34526
PLEASE
SIGN, DATE AND RETURN YOUR
PROXY CARD TODAY
Please
detach at perforation before mailing.
TO VOTE MARK BLOCKS BELOW
IN BLUE OR BLACK INK AS SHOWN IN THIS EXAMPLE:
X
A
Proposal
YOUR BOARD OF TRUSTEES RECOMMENDS A VOTE “FOR”
THE ELECTION OF ALL NOMINEES.
1b. (i) Election of Trustees.
FOR
ALL
WITHHOLD
ALL
FOR
ALL EXCEPT
01. Maureen
R. Goldfarb
02.
Paula E. Smith
03. Laurie
J. Thomsen
To withhold
authority to vote for any individual, mark the box “FOR ALL EXCEPT” and write
2.
To transact such other business as may properly come before the Meeting and any
adjournment(s) or
postponement(s) thereof.
B
Authorized Signatures ─ This section must be
completed for your vote to be counted.─ Sign and Date Below
Note
: Please sign exactly as
your name(s) appear(s) on this proxy card, and date it. When shares are held jointly, each holder should
sign. When signing as attorney, executor, administrator, trustee, officer of corporation or other entity
or in another representative capacity, please give the full title under the signature.
Date
(mm/dd/yyyy) ─ Please print date below
Signature 1 ─ Please keep signature within the box
Signature
2 ─ Please keep signature within the
box
/
/
Scanner
bar code
xxxxxxxxxxxxxx
CXE1 34526
xxxxxxxx
MFS High Income Municipal Trust
PO
Box 43131
Providence, RI 02940-3131
EVERY VOTE IS IMPORTANT
EASY VOTING OPTIONS:
VOTE
ON THE INTERNET
Log on to:
www.proxy-direct.com
or scan the QR code
Follow the on-screen instructions
available 24 hours
(until 10:00 a.m. Eastern
Time
on October 2, 2025)
VOTE
BY TELEPHONE
Call toll free:
1-800-337-3503
Follow the recorded instructions
available 24 hours
(until 10:00 a.m. Eastern Time
on October 2, 2025)
VOTE
BY MAIL
Vote, sign and date your
Proxy
Card and return it in the
postage-paid envelope
(must
be received
by 10:00 a.m. Eastern Time
on
October 2, 2025)
Do not mail your
Proxy
Card when you vote
by phone or internet
Please detach at perforation before mailing
PROXY
MFS High Income Municipal Trust
111
Huntington Avenue, Boston, Massachusetts 02199
ANNUAL MEETING OF SHAREHOLDERS TO BE HELD
ON OCTOBER 2, 2025
This proxy is solicited on behalf of the Board
of Trustees of the Trust
The signer of this proxy card hereby appoints Christopher
R. Bohane, Tiffany Ko, Brian E. Langenfeld, Amanda S. Mooradian, Susan A. Pereira, Matthew A. Stowe,
and William B. Wilson and each of them separately, proxies, with power of substitution, and hereby authorizes
each of them to represent, and to vote, as designated on the reverse side, at the Meeting of Shareholders
of the above-referenced Trust, to be held on Thursday, October 2, 2025 at 10:30 a.m., Eastern Time, and
at any adjournments or postponements thereof, all of the common shares of the Trust that the undersigned
would be entitled to vote if personally present. Only the Trust’s shareholders of record on July 31,
2025 will be entitled to vote at the Trust’s Meeting of Shareholders.
THIS PROXY WHEN
PROPERLY EXECUTED WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE SIGNING SHAREHOLDER.
IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED
FOR
THE PROPOSAL.
IN
THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE
THE MEETING
OR ANY ADJOURNMENTS OF THE MEETING.
THE TRUSTEES RECOMMEND
A VOTE
FOR
THE PROPOSAL ON THE REVERSE SIDE.
YOUR
VOTE IS IMPORTANT. WE WOULD APPRECIATE YOUR PROMPTLY VOTING, SIGNING, DATING, AND RETURNING THE ENCLOSED
PROXY, WHICH WILL HELP AVOID THE ADDITIONAL EXPENSE OF A SECOND SOLICITATION FOR YOUR TRUST. THE ENCLOSED
ADDRESSED ENVELOPE REQUIRES NO POSTAGE AND IS PROVIDED FOR YOUR CONVENIENCE.
VOTE
VIA THE INTERNET:
www.proxy-direct.com
VOTE VIA
THE TELEPHONE:
1-800-337-3503
CXE_34526_051325_Pref
xxxxxxxxxxxxxx
code
EVERY
SHAREHOLDER’S VOTE IS IMPORTANT
Important Notice Regarding
the Availability of Proxy Materials for the MFS
Shareholders
Meeting to be held on October 2, 2025.
The Proxy Statement for this
meeting is available at https://www.proxy-direct.com/mfs-34526
PLEASE
SIGN, DATE AND RETURN YOUR
PROXY CARD TODAY
Please
detach at perforation before mailing.
TO VOTE MARK BLOCKS BELOW
IN BLUE OR BLACK INK AS SHOWN IN THIS EXAMPLE:
X
A
Proposal
YOUR BOARD OF TRUSTEES RECOMMENDS A VOTE “FOR”
THE ELECTION OF ALL NOMINEES.
1b. (i) Election of Trustees.
FOR
ALL
WITHHOLD
ALL
FOR
ALL EXCEPT
01. Maureen
R. Goldfarb
02.
Paula E. Smith
03. Laurie
J. Thomsen
To withhold authority to vote for any individual, mark the
box “FOR ALL EXCEPT” and write
2.
To transact such other business as may properly come before the Meeting and any
adjournment(s) or
postponement(s) thereof.
B
Authorized Signatures ─ This section must be
completed for your vote to be counted.─ Sign and Date Below
Note
: Please sign exactly as
your name(s) appear(s) on this proxy card, and date it. When shares are held jointly, each holder should
sign. When signing as attorney, executor, administrator, trustee, officer of corporation or other entity
or in another representative capacity, please give the full title under the signature.
Date
(mm/dd/yyyy) ─ Please print date below
Signature 1 ─ Please keep signature within the box
Signature
2 ─ Please keep signature within the
box
/
/
Scanner
bar code
xxxxxxxxxxxxxx
CXE2 34526
xxxxxxxx
MFS High Yield Municipal Trust
PO
Box 43131
Providence, RI 02940-3131
EVERY VOTE IS IMPORTANT
EASY VOTING OPTIONS:
VOTE
ON THE INTERNET
Log on to:
www.proxy-direct.com
or scan the QR code
Follow the on-screen instructions
available 24 hours
(until 10:00 a.m. Eastern
Time
on October 2, 2025)
VOTE
BY TELEPHONE
Call toll free:
1-800-337-3503
Follow the recorded instructions
available 24 hours
(until 10:00 a.m. Eastern Time
on October 2, 2025)
VOTE
BY MAIL
Vote, sign and date your
Proxy
Card and return it in the
postage-paid envelope
(must
be received
by 10:00 a.m. Eastern Time
on
October 2, 2025)
Do not mail your
Proxy
Card when you vote
by phone or internet
Please detach at perforation before mailing
PROXY
MFS High Yield Municipal Trust
111
Huntington Avenue, Boston, Massachusetts 02199
ANNUAL MEETING OF SHAREHOLDERS TO BE HELD
ON OCTOBER 2, 2025
This proxy is solicited on behalf of the Board
of Trustees of the Trust
The signer of this proxy card hereby appoints Christopher
R. Bohane, Tiffany Ko, Brian E. Langenfeld, Amanda S. Mooradian, Susan A. Pereira, Matthew A. Stowe,
and William B. Wilson and each of them separately, proxies, with power of substitution, and hereby authorizes
each of them to represent, and to vote, as designated on the reverse side, at the Meeting of Shareholders
of the above-referenced Trust, to be held on Thursday, October 2, 2025 at 10:30 a.m., Eastern Time, and
at any adjournments or postponements thereof, all of the common shares of the Trust that the undersigned
would be entitled to vote if personally present. Only the Trust’s shareholders of record on July 31,
2025 will be entitled to vote at the Trust’s Meeting of Shareholders.
THIS PROXY WHEN
PROPERLY EXECUTED WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE SIGNING SHAREHOLDER.
IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED
FOR
THE PROPOSAL.
IN
THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE
THE MEETING
OR ANY ADJOURNMENTS OF THE MEETING.
THE TRUSTEES RECOMMEND
A VOTE
FOR
THE PROPOSAL ON THE REVERSE SIDE.
YOUR
VOTE IS IMPORTANT. WE WOULD APPRECIATE YOUR PROMPTLY VOTING, SIGNING, DATING, AND RETURNING THE ENCLOSED
PROXY, WHICH WILL HELP AVOID THE ADDITIONAL EXPENSE OF A SECOND SOLICITATION FOR YOUR TRUST. THE ENCLOSED
ADDRESSED ENVELOPE REQUIRES NO POSTAGE AND IS PROVIDED FOR YOUR CONVENIENCE.
VOTE
VIA THE INTERNET:
www.proxy-direct.com
VOTE VIA
THE TELEPHONE:
1-800-337-3503
CMU_34526_040225
xxxxxxxxxxxxxx
code
EVERY
SHAREHOLDER’S VOTE IS IMPORTANT
Important Notice Regarding
the Availability of Proxy Materials for the MFS
Shareholders
Meeting to be held on October 2, 2025.
The Proxy Statement for this
meeting is available at https://www.proxy-direct.com/mfs-34526
PLEASE
SIGN, DATE AND RETURN YOUR
PROXY CARD TODAY
Please
detach at perforation before mailing.
TO VOTE MARK BLOCKS BELOW
IN BLUE OR BLACK INK AS SHOWN IN THIS EXAMPLE:
X
A
Proposal
YOUR BOARD OF TRUSTEES RECOMMENDS A VOTE “FOR”
THE ELECTION OF ALL NOMINEES.
1b. (i) Election of Trustees.
FOR
ALL
WITHHOLD
ALL
FOR
ALL EXCEPT
01. Maureen
R. Goldfarb
02.
Paula E. Smith
03. Laurie
J. Thomsen
To withhold authority to vote for any individual, mark the
box “FOR ALL EXCEPT” and write
2.
To transact such other business as may properly come before the Meeting and any
adjournment(s) or
postponement(s) thereof.
B
Authorized Signatures ─ This section must be
completed for your vote to be counted.─ Sign and Date Below
Note
: Please sign exactly as
your name(s) appear(s) on this proxy card, and date it. When shares are held jointly, each holder should
sign. When signing as attorney, executor, administrator, trustee, officer of corporation or other entity
or in another representative capacity, please give the full title under the signature.
Date
(mm/dd/yyyy) ─ Please print date below
Signature 1 ─ Please keep signature within the box
Signature
2 ─ Please keep signature within the
box
/
/
Scanner
bar code
xxxxxxxxxxxxxx
CMU1 34526
xxxxxxxx
MFS High Yield Municipal Trust
PO
Box 43131
Providence, RI 02940-3131
EVERY VOTE
IS IMPORTANT
EASY VOTING OPTIONS:
VOTE
ON THE INTERNET
Log on to:
www.proxy-direct.com
or scan the QR code
Follow the on-screen instructions
available 24 hours
(until 10:00 a.m. Eastern
Time
on October 2, 2025)
VOTE
BY TELEPHONE
Call toll free:
1-800-337-3503
Follow the recorded instructions
available 24 hours
(until 10:00 a.m. Eastern Time
on October 2, 2025)
VOTE
BY MAIL
Vote, sign and date your
Proxy
Card and return it in the
postage-paid envelope
(must
be received
by 10:00 a.m. Eastern Time
on
October 2, 2025)
Do not mail your
Proxy
Card when you vote
by phone or internet
Please detach at perforation before mailing
PROXY
MFS High Yield Municipal Trust
111
Huntington Avenue, Boston, Massachusetts 02199
ANNUAL MEETING OF SHAREHOLDERS TO BE HELD
ON OCTOBER 2, 2025
This proxy is solicited on behalf of the Board
of Trustees of the Trust
The signer of this proxy card hereby appoints Christopher
R. Bohane, Tiffany Ko, Brian E. Langenfeld, Amanda S. Mooradian, Susan A. Pereira, Matthew A. Stowe,
and William B. Wilson and each of them separately, proxies, with power of substitution, and hereby authorizes
each of them to represent, and to vote, as designated on the reverse side, at the Meeting of Shareholders
of the above-referenced Trust, to be held on Thursday, October 2, 2025 at 10:30 a.m., Eastern Time, and
at any adjournments or postponements thereof, all of the common shares of the Trust that the undersigned
would be entitled to vote if personally present. Only the Trust’s shareholders of record on July 31,
2025 will be entitled to vote at the Trust’s Meeting of Shareholders.
THIS PROXY WHEN
PROPERLY EXECUTED WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE SIGNING SHAREHOLDER.
IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED
FOR
THE PROPOSAL.
IN
THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE
THE MEETING
OR ANY ADJOURNMENTS OF THE MEETING.
THE TRUSTEES RECOMMEND
A VOTE
FOR
THE PROPOSAL ON THE REVERSE SIDE.
YOUR
VOTE IS IMPORTANT. WE WOULD APPRECIATE YOUR PROMPTLY VOTING, SIGNING, DATING, AND RETURNING THE ENCLOSED
PROXY, WHICH WILL HELP AVOID THE ADDITIONAL EXPENSE OF A SECOND SOLICITATION FOR YOUR TRUST. THE ENCLOSED
ADDRESSED ENVELOPE REQUIRES NO POSTAGE AND IS PROVIDED FOR YOUR CONVENIENCE.
VOTE
VIA THE INTERNET:
www.proxy-direct.com
VOTE VIA
THE TELEPHONE:
1-800-337-3503
CMU_34526_051325_Pref
xxxxxxxxxxxxxx
code
EVERY
SHAREHOLDER’S VOTE IS IMPORTANT
Important Notice Regarding
the Availability of Proxy Materials for the MFS
Shareholders
Meeting to be held on October 2, 2025.
The Proxy Statement for this
meeting is available at https://www.proxy-direct.com/mfs-34526
PLEASE
SIGN, DATE AND RETURN YOUR
PROXY CARD TODAY
Please
detach at perforation before mailing.
TO VOTE MARK BLOCKS BELOW
IN BLUE OR BLACK INK AS SHOWN IN THIS EXAMPLE:
X
A
Proposal
YOUR BOARD OF TRUSTEES RECOMMENDS A VOTE “FOR”
THE ELECTION OF ALL NOMINEES.
1b. (i) Election of Trustees.
FOR
ALL
WITHHOLD
ALL
FOR
ALL EXCEPT
01. Maureen
R. Goldfarb
02.
Paula E. Smith
03. Laurie
J. Thomsen
To withhold authority to vote for any individual, mark the
box “FOR ALL EXCEPT” and write
2.
To transact such other business as may properly come before the Meeting and any
adjournment(s) or
postponement(s) thereof.
B
Authorized Signatures ─ This section must be
completed for your vote to be counted.─ Sign and Date Below
Note
: Please sign exactly as
your name(s) appear(s) on this proxy card, and date it. When shares are held jointly, each holder should
sign. When signing as attorney, executor, administrator, trustee, officer of corporation or other entity
or in another representative capacity, please give the full title under the signature.
Date
(mm/dd/yyyy) ─ Please print date below
Signature 1 ─ Please keep signature within the box
Signature
2 ─ Please keep signature within the
box
/
/
Scanner
bar code
xxxxxxxxxxxxxx
CMU2 34526
xxxxxxxx
MFS Investment Grade Municipal Trust
PO
Box 43131
Providence, RI 02940-3131
EVERY VOTE IS IMPORTANT
EASY VOTING OPTIONS:
VOTE
ON THE INTERNET
Log on to:
www.proxy-direct.com
or scan the QR code
Follow the on-screen instructions
available 24 hours
(until 10:00 a.m. Eastern
Time
on October 2, 2025)
VOTE
BY TELEPHONE
Call toll free:
1-800-337-3503
Follow the recorded instructions
available 24 hours
(until 10:00 a.m. Eastern Time
on October 2, 2025)
VOTE
BY MAIL
Vote, sign and date your
Proxy
Card and return it in the
postage-paid envelope
(must
be received
by 10:00 a.m. Eastern Time
on
October 2, 2025)
Do not mail your
Proxy
Card when you vote
by phone or internet
Please detach at perforation before mailing
PROXY
MFS Investment Grade Municipal Trust
111
Huntington Avenue, Boston, Massachusetts 02199
ANNUAL MEETING OF SHAREHOLDERS TO BE HELD
ON OCTOBER 2, 2025
This proxy is solicited on behalf of the Board
of Trustees of the Trust
The signer of this proxy card hereby appoints Christopher
R. Bohane, Tiffany Ko, Brian E. Langenfeld, Amanda S. Mooradian, Susan A. Pereira, Matthew A. Stowe,
and William B. Wilson and each of them separately, proxies, with power of substitution, and hereby authorizes
each of them to represent, and to vote, as designated on the reverse side, at the Meeting of Shareholders
of the above-referenced Trust, to be held on Thursday, October 2, 2025 at 10:30 a.m., Eastern Time, and
at any adjournments or postponements thereof, all of the common shares of the Trust that the undersigned
would be entitled to vote if personally present. Only the Trust’s shareholders of record on July 31,
2025 will be entitled to vote at the Trust’s Meeting of Shareholders.
THIS PROXY WHEN
PROPERLY EXECUTED WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE SIGNING SHAREHOLDER.
IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED
FOR
THE PROPOSAL.
IN
THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE
THE MEETING
OR ANY ADJOURNMENTS OF THE MEETING.
THE TRUSTEES RECOMMEND
A VOTE
FOR
THE PROPOSAL ON THE REVERSE SIDE.
YOUR
VOTE IS IMPORTANT. WE WOULD APPRECIATE YOUR PROMPTLY VOTING, SIGNING, DATING, AND RETURNING THE ENCLOSED
PROXY, WHICH WILL HELP AVOID THE ADDITIONAL EXPENSE OF A SECOND SOLICITATION FOR YOUR TRUST. THE ENCLOSED
ADDRESSED ENVELOPE REQUIRES NO POSTAGE AND IS PROVIDED FOR YOUR CONVENIENCE.
VOTE
VIA THE INTERNET:
www.proxy-direct.com
VOTE VIA
THE TELEPHONE:
1-800-337-3503
CXH_34526_040225
xxxxxxxxxxxxxx
code
EVERY
SHAREHOLDER’S VOTE IS IMPORTANT
Important Notice Regarding
the Availability of Proxy Materials for the MFS
Shareholders
Meeting to be held on October 2, 2025.
The Proxy Statement for this
meeting is available at https://www.proxy-direct.com/mfs-34526
PLEASE
SIGN, DATE AND RETURN YOUR
PROXY CARD TODAY
Please
detach at perforation before mailing.
TO VOTE MARK BLOCKS BELOW
IN BLUE OR BLACK INK AS SHOWN IN THIS EXAMPLE:
X
A
Proposal
YOUR BOARD OF TRUSTEES RECOMMENDS A VOTE “FOR”
THE ELECTION OF ALL NOMINEES.
1b. (i) Election of Trustees.
FOR
ALL
WITHHOLD
ALL
FOR
ALL EXCEPT
01. Maureen
R. Goldfarb
02.
Paula E. Smith
03. Laurie
J. Thomsen
To withhold
authority to vote for any individual, mark the box “FOR ALL EXCEPT” and write
2.
To transact such other business as may properly come before the Meeting and any
adjournment(s) or
postponement(s) thereof.
B
Authorized Signatures ─ This section must be
completed for your vote to be counted.─ Sign and Date Below
Note
: Please sign exactly as
your name(s) appear(s) on this proxy card, and date it. When shares are held jointly, each holder should
sign. When signing as attorney, executor, administrator, trustee, officer of corporation or other entity
or in another representative capacity, please give the full title under the signature.
Date
(mm/dd/yyyy) ─ Please print date below
Signature 1 ─ Please keep signature within the box
Signature
2 ─ Please keep signature within the
box
/
/
Scanner
bar code
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CXH1 34526
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MFS Investment Grade Municipal Trust
PO
Box 43131
Providence, RI 02940-3131
EVERY VOTE
IS IMPORTANT
EASY VOTING OPTIONS:
VOTE
ON THE INTERNET
Log on to:
www.proxy-direct.com
or scan the QR code
Follow the on-screen instructions
available 24 hours
(until 10:00 a.m. Eastern
Time
on October 2, 2025)
VOTE
BY TELEPHONE
Call toll free:
1-800-337-3503
Follow the recorded instructions
available 24 hours
(until 10:00 a.m. Eastern Time
on October 2, 2025)
VOTE
BY MAIL
Vote, sign and date your
Proxy
Card and return it in the
postage-paid envelope
(must
be received
by 10:00 a.m. Eastern Time
on
October 2, 2025)
Do not mail your
Proxy
Card when you vote
by phone or internet
Please detach at perforation before mailing
PROXY
MFS Investment Grade Municipal Trust
111
Huntington Avenue, Boston, Massachusetts 02199
ANNUAL MEETING OF SHAREHOLDERS TO BE HELD
ON OCTOBER 2, 2025
This proxy is solicited on behalf of the Board
of Trustees of the Trust
The signer of this proxy card hereby appoints Christopher
R. Bohane, Tiffany Ko, Brian E. Langenfeld, Amanda S. Mooradian, Susan A. Pereira, Matthew A. Stowe,
and William B. Wilson and each of them separately, proxies, with power of substitution, and hereby authorizes
each of them to represent, and to vote, as designated on the reverse side, at the Meeting of Shareholders
of the above-referenced Trust, to be held on Thursday, October 2, 2025 at 10:30 a.m., Eastern Time, and
at any adjournments or postponements thereof, all of the common shares of the Trust that the undersigned
would be entitled to vote if personally present. Only the Trust’s shareholders of record on July 31,
2025 will be entitled to vote at the Trust’s Meeting of Shareholders.
THIS PROXY WHEN
PROPERLY EXECUTED WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE SIGNING SHAREHOLDER.
IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED
FOR
THE PROPOSAL.
IN
THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE
THE MEETING
OR ANY ADJOURNMENTS OF THE MEETING.
THE TRUSTEES RECOMMEND
A VOTE
FOR
THE PROPOSAL ON THE REVERSE SIDE.
YOUR
VOTE IS IMPORTANT. WE WOULD APPRECIATE YOUR PROMPTLY VOTING, SIGNING, DATING, AND RETURNING THE ENCLOSED
PROXY, WHICH WILL HELP AVOID THE ADDITIONAL EXPENSE OF A SECOND SOLICITATION FOR YOUR TRUST. THE ENCLOSED
ADDRESSED ENVELOPE REQUIRES NO POSTAGE AND IS PROVIDED FOR YOUR CONVENIENCE.
VOTE
VIA THE INTERNET:
www.proxy-direct.com
VOTE VIA
THE TELEPHONE:
1-800-337-3503
CXH_34526_051325_Pref
xxxxxxxxxxxxxx
code
EVERY
SHAREHOLDER’S VOTE IS IMPORTANT
Important Notice Regarding
the Availability of Proxy Materials for the MFS
Shareholders
Meeting to be held on October 2, 2025.
The Proxy Statement for this
meeting is available at https://www.proxy-direct.com/mfs-34526
PLEASE
SIGN, DATE AND RETURN YOUR
PROXY CARD TODAY
Please
detach at perforation before mailing.
TO VOTE MARK BLOCKS BELOW
IN BLUE OR BLACK INK AS SHOWN IN THIS EXAMPLE:
X
A
Proposal
YOUR BOARD OF TRUSTEES RECOMMENDS A VOTE “FOR”
THE ELECTION OF ALL NOMINEES.
1b. (i) Election of Trustees.
FOR
ALL
WITHHOLD
ALL
FOR
ALL EXCEPT
01. Maureen
R. Goldfarb
02.
Paula E. Smith
03. Laurie
J. Thomsen
To withhold
authority to vote for any individual, mark the box “FOR ALL EXCEPT” and write
2.
To transact such other business as may properly come before the Meeting and any
adjournment(s) or
postponement(s) thereof.
B
Authorized Signatures ─ This section must be
completed for your vote to be counted.─ Sign and Date Below
Note
: Please sign exactly as
your name(s) appear(s) on this proxy card, and date it. When shares are held jointly, each holder should
sign. When signing as attorney, executor, administrator, trustee, officer of corporation or other entity
or in another representative capacity, please give the full title under the signature.
Date
(mm/dd/yyyy) ─ Please print date below
Signature 1 ─ Please keep signature within the box
Signature
2 ─ Please keep signature within the
box
/
/
Scanner
bar code
xxxxxxxxxxxxxx
CXH2 34526
xxxxxxxx
MFS Municipal Income Trust
PO
Box 43131
Providence, RI 02940-3131
EVERY VOTE IS IMPORTANT
EASY VOTING OPTIONS:
VOTE
ON THE INTERNET
Log on to:
www.proxy-direct.com
or scan the QR code
Follow the on-screen instructions
available 24 hours
(until 10:00 a.m. Eastern
Time
on October 2, 2025)
VOTE
BY TELEPHONE
Call toll free:
1-800-337-3503
Follow the recorded instructions
available 24 hours
(until 10:00 a.m. Eastern Time
on October 2, 2025)
VOTE
BY MAIL
Vote, sign and date your
Proxy
Card and return it in the
postage-paid envelope
(must
be received
by 10:00 a.m. Eastern Time
on
October 2, 2025)
Do not mail your
Proxy
Card when you vote
by phone or internet
Please detach at perforation before mailing
PROXY
MFS Municipal Income Trust
111
Huntington Avenue, Boston, Massachusetts 02199
ANNUAL MEETING OF SHAREHOLDERS TO BE HELD
ON OCTOBER 2, 2025
This proxy is solicited on behalf of the Board
of Trustees of the Trust
The signer of this proxy card hereby appoints Christopher
R. Bohane, Tiffany Ko, Brian E. Langenfeld, Amanda S. Mooradian, Susan A. Pereira, Matthew A. Stowe,
and William B. Wilson and each of them separately, proxies, with power of substitution, and hereby authorizes
each of them to represent, and to vote, as designated on the reverse side, at the Meeting of Shareholders
of the above-referenced Trust, to be held on Thursday, October 2, 2025 at 10:30 a.m., Eastern Time, and
at any adjournments or postponements thereof, all of the common shares of the Trust that the undersigned
would be entitled to vote if personally present. Only the Trust’s shareholders of record on July 31,
2025 will be entitled to vote at the Trust’s Meeting of Shareholders.
THIS PROXY WHEN
PROPERLY EXECUTED WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE SIGNING SHAREHOLDER.
IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED
FOR
THE PROPOSAL.
IN
THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE
THE MEETING
OR ANY ADJOURNMENTS OF THE MEETING.
THE TRUSTEES RECOMMEND
A VOTE
FOR
THE PROPOSAL ON THE REVERSE SIDE.
YOUR
VOTE IS IMPORTANT. WE WOULD APPRECIATE YOUR PROMPTLY VOTING, SIGNING, DATING, AND RETURNING THE ENCLOSED
PROXY, WHICH WILL HELP AVOID THE ADDITIONAL EXPENSE OF A SECOND SOLICITATION FOR YOUR TRUST. THE ENCLOSED
ADDRESSED ENVELOPE REQUIRES NO POSTAGE AND IS PROVIDED FOR YOUR CONVENIENCE.
VOTE
VIA THE INTERNET:
www.proxy-direct.com
VOTE VIA
THE TELEPHONE:
1-800-337-3503
MFM_34526_040225
xxxxxxxxxxxxxx
code
EVERY
SHAREHOLDER’S VOTE IS IMPORTANT
Important Notice Regarding
the Availability of Proxy Materials for the MFS
Shareholders
Meeting to be held on October 2, 2025.
The Proxy Statement for this
meeting is available at https://www.proxy-direct.com/mfs-34526
PLEASE
SIGN, DATE AND RETURN YOUR
PROXY CARD TODAY
Please
detach at perforation before mailing.
TO VOTE MARK BLOCKS BELOW
IN BLUE OR BLACK INK AS SHOWN IN THIS EXAMPLE:
X
A
Proposal
YOUR BOARD OF TRUSTEES RECOMMENDS A VOTE “FOR”
THE ELECTION OF ALL NOMINEES.
1b. (i) Election of Trustees.
FOR
ALL
WITHHOLD
ALL
FOR
ALL EXCEPT
01. Maureen
R. Goldfarb
02.
Paula E. Smith
03. Laurie
J. Thomsen
To withhold authority to vote for any individual, mark the
box “FOR ALL EXCEPT” and write
2.
To transact such other business as may properly come before the Meeting and any
adjournment(s) or
postponement(s) thereof.
B
Authorized Signatures ─ This section must be
completed for your vote to be counted.─ Sign and Date Below
Note
: Please sign exactly as
your name(s) appear(s) on this proxy card, and date it. When shares are held jointly, each holder should
sign. When signing as attorney, executor, administrator, trustee, officer of corporation or other entity
or in another representative capacity, please give the full title under the signature.
Date
(mm/dd/yyyy) ─ Please print date below
Signature 1 ─ Please keep signature within the box
Signature
2 ─ Please keep signature within the
box
/
/
Scanner
bar code
xxxxxxxxxxxxxx
MFM1 34526
xxxxxxxx
MFS Municipal Income Trust
PO
Box 43131
Providence, RI 02940-3131
EVERY VOTE IS IMPORTANT
EASY VOTING OPTIONS:
VOTE
ON THE INTERNET
Log on to:
www.proxy-direct.com
or scan the QR code
Follow the on-screen instructions
available 24 hours
(until 10:00 a.m. Eastern
Time
on October 2, 2025)
VOTE
BY TELEPHONE
Call toll free:
1-800-337-3503
Follow the recorded instructions
available 24 hours
(until 10:00 a.m. Eastern Time
on October 2, 2025)
VOTE
BY MAIL
Vote, sign and date your
Proxy
Card and return it in the
postage-paid envelope
(must
be received
by 10:00 a.m. Eastern Time
on
October 2, 2025)
Do not mail your
Proxy
Card when you vote
by phone or internet
Please detach at perforation before mailing
PROXY
MFS Municipal Income Trust
111 Huntington Avenue, Boston, Massachusetts
02199
ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON OCTOBER 2, 2025
This
proxy is solicited on behalf of the Board of Trustees of the Trust
The signer of this
proxy card hereby appoints Christopher R. Bohane, Tiffany Ko, Brian E. Langenfeld, Amanda S. Mooradian,
Susan A. Pereira, Matthew A. Stowe, and William B. Wilson and each of them separately, proxies, with
power of substitution, and hereby authorizes each of them to represent, and to vote, as designated on
the reverse side, at the Meeting of Shareholders of the above-referenced Trust, to be held on Thursday,
October 2, 2025 at 10:30 a.m., Eastern Time, and at any adjournments or postponements thereof, all of
the common shares of the Trust that the undersigned would be entitled to vote if personally present.
Only the Trust’s shareholders of record on July 31, 2025 will be entitled to vote at the Trust’s
Meeting of Shareholders.
THIS PROXY WHEN PROPERLY EXECUTED WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE SIGNING SHAREHOLDER.
IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED
FOR
THE PROPOSAL.
IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER MATTERS
AS MAY PROPERLY COME BEFORE THE MEETING
OR ANY ADJOURNMENTS OF THE MEETING.
THE
TRUSTEES RECOMMEND A VOTE
FOR
THE PROPOSAL ON THE REVERSE SIDE.
YOUR VOTE IS IMPORTANT. WE WOULD APPRECIATE YOUR PROMPTLY VOTING, SIGNING, DATING,
AND RETURNING THE ENCLOSED PROXY, WHICH WILL HELP AVOID THE ADDITIONAL EXPENSE OF A SECOND SOLICITATION
FOR YOUR TRUST. THE ENCLOSED ADDRESSED ENVELOPE REQUIRES NO POSTAGE AND IS PROVIDED FOR YOUR CONVENIENCE.
VOTE VIA THE INTERNET:
www.proxy-direct.com
VOTE VIA THE TELEPHONE:
1-800-337-3503
MFM_34526_051325_Pref
xxxxxxxxxxxxxx
code
EVERY
SHAREHOLDER’S VOTE IS IMPORTANT
Important Notice Regarding
the Availability of Proxy Materials for the MFS
Shareholders
Meeting to be held on October 2, 2025.
The Proxy Statement for this
meeting is available at https://www.proxy-direct.com/mfs-34526
PLEASE
SIGN, DATE AND RETURN YOUR
PROXY CARD TODAY
Please
detach at perforation before mailing.
TO VOTE MARK BLOCKS BELOW
IN BLUE OR BLACK INK AS SHOWN IN THIS EXAMPLE:
X
A
Proposal
YOUR BOARD OF TRUSTEES RECOMMENDS A VOTE “FOR”
THE ELECTION OF ALL NOMINEES.
1b. (i) Election of Trustees.
FOR
ALL
WITHHOLD
ALL
FOR
ALL EXCEPT
01. Maureen
R. Goldfarb
02.
Paula E. Smith
03. Laurie
J. Thomsen
To withhold
authority to vote for any individual, mark the box “FOR ALL EXCEPT” and write
2.
To transact such other business as may properly come before the Meeting and any
adjournment(s) or
postponement(s) thereof.
B
Authorized Signatures ─ This section must be
completed for your vote to be counted.─ Sign and Date Below
Note
: Please sign exactly as
your name(s) appear(s) on this proxy card, and date it. When shares are held jointly, each holder should
sign. When signing as attorney, executor, administrator, trustee, officer of corporation or other entity
or in another representative capacity, please give the full title under the signature.
Date
(mm/dd/yyyy) ─ Please print date below
Signature 1 ─ Please keep signature within the box
Signature
2 ─ Please keep signature within the
box
/
/
Scanner
bar code
xxxxxxxxxxxxxx
MFM2 34526
xxxxxxxx
TABLE OF CONTENTS
No information found
* THE VALUE IS THE MARKET VALUE AS OF THE LAST DAY OF THE QUARTER FOR
WHICH
THE 13F WAS FILED.
FUND
NUMBER OF SHARES
VALUE ($)
PUT OR CALL
Directors of MFS HIGH YIELD MUNICIPAL TRUST - as per the
latest proxy Beta
Customers and Suppliers of MFS HIGH YIELD MUNICIPAL TRUST
Beta
No Customers Found
No Suppliers Found
Bonds of MFS HIGH YIELD MUNICIPAL TRUST
Price Graph
Price
Yield
Insider Ownership of MFS HIGH YIELD MUNICIPAL TRUST
company Beta
Owner
Position
Direct Shares
Indirect Shares
AI Insights
Summary Financials of MFS HIGH YIELD MUNICIPAL TRUST
Beta
(We are using algorithms to extract and display detailed data. This is a hard problem and we are working continuously to classify data in an accurate and useful manner.)
