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MFS Announces Closed End Fund Portfolio Management Appointment

BOSTON--(BUSINESS WIRE)--

MFS Investment Management® (MFS®) is announcing a portfolio management appointment to MFS® Multimarket Income Trust (MMT) and MFS® Charter Income Trust (MCR), two closed end funds.

Effective February 1, 2019, Andy Li will join the portfolio management teams of MFS Multimarket Income Trust and MFS Charter Income Trust. He will focus on managing investment-grade securities in each fund, working closely with current portfolio manager Robert Persons, who is also focused on the investment-grade securities of each portfolio.

There are no other changes to the portfolio management teams of the funds. The funds' investment objectives and investment strategies will not change as a result of this appointment.

Li joined MFS in 2018 as a fixed income portfolio manager primarily focused on non–US dollar credit securities. His prior experience includes four years as a portfolio manager at Man GLG, six years as a portfolio manager at ECM Asset Management and two years as a management consultant at Accenture. He earned a Bachelor of Engineering degree with honors in computer science from Imperial College, London.

About MFS Investment Management
Established in 1924, MFS is an active, global investment manager with investment offices in Boston, Hong Kong, London, Mexico City, São Paulo, Singapore, Sydney, Tokyo and Toronto. We employ a uniquely collaborative approach to build better insights for our clients. Our investment approach has three core elements: integrated research, global collaboration and active risk management. As of December 31, 2018, MFS manages US$428.4 billion in assets on behalf of individual and institutional investors worldwide.

Statements made in this release that look forward in time involve risks and uncertainties and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such risks and uncertainties include, without limitation, the adverse effect from a decline in the securities markets or a decline in a Fund’s performance, a general downturn in the economy, competition from other closed-end investment companies, changes in government policy or regulation, inability of a Fund’s investment adviser to attract or retain key employees, inability of a Fund to implement its investment strategy, inability of a Fund to manage rapid expansion and unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations.

The funds are closed-end investment company products advised by MFS Investment Management. Closed-end funds, unlike open-end funds, are not continuously offered. There is a one-time public offering and once issued, common shares of the funds are bought and sold in the open market through a stock exchange. Shares of the funds are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank. Shares of the funds involve investment risk, including possible loss of principal.

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