SCHEDULE: Sit Entities Boost Stake in MFS Government Markets Income Trust

Sit Investment Associates and Sit Fixed Income Advisors II have increased their beneficial ownership in MFS Government Markets Income Trust to 27.8%.

Summary

• Sit Investment Associates, Inc. and Sit Fixed Income Advisors II, LLC (Sit Entities) collectively beneficially own 9,072,498 shares of MFS Government Markets Income Trust common stock.
• This ownership represents 27.8% of the Issuer's outstanding shares, calculated based on 32,590,193 shares outstanding as of November 30, 2025.
• This filing is Amendment No. 2 to a Schedule 13D, updating previous filings from February 24, 2026, and March 11, 2026.
• Over the past 60 days, Sit Entities engaged in both buying and selling activities, resulting in a net increase of 87,535 shares.
• Notable transactions include purchases of 245,428 shares on March 10, 2026, at $2.96 per share, and 75,803 shares on March 13, 2026, at $2.97 per share.
• Significant sales included 221,591 shares on March 9, 2026, at $2.93 per share.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive signal, as the Sit Entities maintain a substantial stake and have shown net buying activity, suggesting continued confidence in the Issuer, despite some portfolio rebalancing.

Positives

• Sit Entities maintain a significant beneficial ownership stake of 27.8%, indicating continued conviction in MFS Government Markets Income Trust.
• Net buying activity over the past 60 days, with an increase of 87,535 shares, suggests a positive outlook or strategic accumulation by the institutional investor.

Negatives

• Significant selling activity occurred in early March 2026, including 221,591 shares sold on March 9, 2026, which could indicate some profit-taking or portfolio rebalancing by the Sit Entities.

Future Outlook

No specific forward-looking statements or guidance were provided in this Schedule 13D amendment.

Management Comments

• Roger J. Sit, Chairman & CEO of Sit Investment Associates, Inc. and Sit Fixed Income Advisors II, LLC, certified that the information set forth in this statement is true, complete, and correct to the best of his knowledge and belief.

Industry Context

StockSavvy.ai notes that Schedule 13D filings are crucial for tracking significant ownership changes by activist investors or large institutional holders. A substantial stake like 27.8% by Sit Entities in a closed-end fund like MFS Government Markets Income Trust suggests a long-term strategic interest, potentially influencing governance or future corporate actions within the fixed income market segment.

Stakeholder Impact

• Shareholders: The continued significant ownership by Sit Entities may provide a sense of stability and potential advocacy for shareholder interests.
• Management: Management may need to consider the views of a large institutional shareholder like Sit Entities in strategic decisions, particularly given their substantial stake.

Key Dates

Recommendation

The filing indicates a large institutional investor maintaining a significant stake and engaging in routine portfolio adjustments (both buys and sells) without signaling any aggressive activist intent or major strategic shift. This suggests a stable, long-term holding position rather than a strong buy or sell signal.

Keywords

MFS Government Markets Income Trust, Sit Investment Associates, Schedule 13D, beneficial ownership, common stock, institutional investor, closed-end fund, fixed income