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MFS Government Markets Income Trust and MFS Intermediate Income Trust Announce Special Shareholder Meeting Relating to Proposed Appointment of Aberdeen Investments as Investment Adviser
BOSTON, May 01, 2026--MGF, MIN Announce Special Shareholder Meeting Relating to Proposed Appointment of Aberdeen Investments as Investment Adviser
About this update from Aberdeen Group Plc
[{"type":"text","content":"BOSTON, May 01, 2026--(BUSINESS WIRE)--MFS Investment Management ("MFS") announced today that the Board of Trustees (the "Board") of MFS Government Markets Income Trust (NYSE: MGF) and MFS Intermediate Income Trust (NYSE: MIN) (each a "Fund" and collectively, the "Funds") approved the proposed i) appointment of abrdn Inc. ("Aberdeen"), the US Subsidiary of Aberdeen Investments, the global specialist asset manager, as the new investment adviser for each Fund and ii) the election of five new trustees for each Fund in complete replacement of each Fund’s current Board (collectively, the "Proposals" and each a "Proposal"). The Proposals are subject to approval by each Fund’s shareholders, as discussed further below, and the satisfaction or waiver of certain other conditions. The Proposals for each Fund are not contingent upon shareholder approval by the other Fund.","length":942,"tagName":"p"},{"type":"text","content":"As announced by MFS on December 11, 2025, and described further in a joint prospectus/proxy statement mailed to each Fund’s shareholders, the Board previously approved, subject to shareholder approval, the reorganization of each Fund and certain other MFS closed-end funds with and into MFS Multimarket Income Trust ("MMT") (the "Reorganizations"). To date sufficient shareholder votes have not been received with respect to the approval of either Fund’s respective Reorganization. MFS believes that continued solicitation of each Fund’s shareholders is unlikely to result in approval of either Fund’s Reorganization. MFS has instead recommended the Proposals to each Fund’s Board and the Board has recommended the Proposals for approval by each Fund’s shareholders as an alternative to the Reorganizations.","length":827,"tagName":"p"},{"type":"text","content":"Required Vote of the Fund’s Shareholders","length":40,"tagName":"p"},{"type":"text","content":"Shareholders of each Fund as of May 1, 2026, will be asked to approve the new investment advisory agreement appointing Aberdeen as the Fund’s new investment adviser and to elect the five new trustees for the Fund at a special meeting of shareholders, scheduled for June 18, 2026, or such other date as the Board may approve. Shareholders of each Fund will receive a proxy statement (a "Pro...