SCHEDULE: MFS Government Markets Income Trust: Sit Entities Transaction Update

Sit Investment Associates and Sit Fixed Income Advisors II report on their recent transactions and beneficial ownership of MFS Government Markets Income Trust shares.

Summary

• This filing is an amendment to a Schedule 13D, reporting changes in beneficial ownership of MFS Government Markets Income Trust common stock by Sit Investment Associates, Inc. and Sit Fixed Income Advisors II, LLC (collectively, 'Sit Entities').
• The Sit Entities collectively beneficially own 9,448,005 shares, representing 29% of the outstanding common stock.
• The filing details transactions in shares conducted by the Sit Entities over the past 60 days, including both sales and purchases.
• The total number of shares outstanding for the Issuer was reported as 32,590,193 as of November 30, 2025.
• No individual directors or executive officers of Sit Investment Associates or Sit Fixed Income Advisors II directly own shares in the Issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, primarily reporting on past transactions and ownership levels without new strategic announcements or significant changes in overall beneficial ownership percentage.

Positives

• The Sit Entities maintain a significant stake (29%) in the MFS Government Markets Income Trust, indicating continued investment interest.
• The filing details a series of purchases in March and April 2026, suggesting a strategy to increase or maintain their position at a consistent price point around $2.90-$2.99.
• The reporting persons have shared voting and dispositive power over a substantial number of shares.

Negatives

• The Sit Entities have sold a considerable number of shares (76,282 on March 2, 2026, and 221,591 on March 9, 2026) in the period leading up to the reporting date.
• The aggregate amount of shares beneficially owned by the Sit Entities has fluctuated due to both sales and purchases within the reporting period.

Risks

• Potential for further selling pressure if the Sit Entities decide to reduce their stake significantly.
• Market perception of the Issuer could be influenced by the trading activity of a large shareholder like the Sit Entities.

Future Outlook

The filing does not contain specific forward-looking statements or guidance from the Issuer. The transaction schedule reflects past activity.

Management Comments

• "Each of the Sit Entities may be deemed to have shared power to vote and dispose of such Shares."
• "However, none of SIA's or SFI's client accounts own more than 5% of the shares outstanding, and none of SIA's or SFI's directors or executive officers own shares directly."

Industry Context

StockSavvy.ai notes that Schedule 13D filings are crucial for tracking significant ownership changes and potential shifts in control or investment strategy by large institutional investors. The activity of Sit Entities in MFS Government Markets Income Trust, a fixed income trust, suggests active portfolio management within the broader asset management industry.

Stakeholder Impact

• Shareholders: The trading activity of a significant holder like Sit Entities can influence market sentiment and potentially share price, though the net change in ownership percentage is not drastic.
• Creditors: No direct impact indicated.
• Employees: No direct impact indicated.
• Customers: No direct impact indicated.
• Suppliers: No direct impact indicated.

Next Steps

• Continued monitoring of Sit Entities' trading activity for future Schedule 13D filings.
• Observation of MFS Government Markets Income Trust's performance and any subsequent disclosures.

Key Dates

Keywords

Schedule 13D, MFS Government Markets Income Trust, Sit Investment Associates, Sit Fixed Income Advisors II, Beneficial Ownership, Common Stock, SEC Filing, Insider Trading, Share Transactions