SCHEDULE: Karpus Management Discloses 5.62% Stake in MFS Trust

Karpus Management, Inc. has disclosed a 5.62% beneficial ownership stake in MFS Government Markets Income Trust as of June 30, 2025.

Summary

• Karpus Management, Inc., an investment adviser controlled by City of London Investment Group plc, reported beneficial ownership of 1,832,776 shares of Common stock in MFS Government Markets Income Trust.
• This ownership represents 5.62% of the class of securities.
• The shares are held in accounts managed by Karpus Management, Inc. and were acquired in the ordinary course of business.
• Karpus Management, Inc. certifies that the shares were not acquired for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive as it indicates a significant, passive investment by an institutional entity, suggesting confidence in the issuer without implying any immediate negative intentions or risks.

Positives

• A significant institutional investor, Karpus Management, Inc., holds a substantial 5.62% stake, indicating confidence in MFS Government Markets Income Trust.
• The filing explicitly states the shares were acquired and are held in the ordinary course of business, not for the purpose of influencing control, suggesting a stable, long-term investment.

Risks

• The filing does not indicate any intent by Karpus Management, Inc. to influence or change the control of MFS Government Markets Income Trust, which could limit potential activist-driven value creation.

Future Outlook

The filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding the issuer's future performance or strategic direction.

Industry Context

This filing reflects a passive investment by an asset manager in a government markets income trust, a common practice within the investment management industry where firms acquire stakes in publicly traded funds or companies for portfolio diversification and income generation. It does not indicate a broader trend beyond this specific investment.

Stakeholder Impact

• Shareholders are informed of a significant institutional investor holding a 5.62% stake, which could be viewed as a vote of confidence in the company.

Key Dates

Keywords

Karpus Management, MFS Government Markets Income Trust, SEC filing, Schedule 13G, beneficial ownership, institutional investor, investment adviser, common stock, closed-end fund