Aberdeen Government Markets Income Fund (MGF) approved a 1-for-5 reverse stock split expected to take effect before trading opens October 8, 2026. Every five common shares will become one, and the shares will continue trading on the New York Stock Exchange under MGF.
The split will not change the fund's investment strategy or net assets. Its managed distribution policy will retain an annual rate of 7.25% based on average monthly net asset value, while the per-share distribution is expected to rise proportionately. No fractional shares will be issued; fractional entitlements will be aggregated and sold, with net proceeds paid to affected shareholders.
MFS Government Markets Income Trust (NYSE: MGF) changed its investment adviser to abrdn after the NYSE close on July 2, 2026 and amended its declaration of trust to become Aberdeen Government Markets Income Fund. The ticker MGF and CUSIP 552939100 remain unchanged.
The prior board resigned and five new trustees elected June 18, 2026 took office. The fund’s investment objective and fundamental policies remain the same. Aberdeen’s Global Fixed Income team now manages the fund with a team-based approach.
MFS Government Markets Income Trust (NYSE: MGF) and MFS Intermediate Income Trust (NYSE: MIN) will change investment adviser after market close on July 2, 2026, when Aberdeen replaces MFS. On that date, all current trustees will resign, five new trustees will join each board, and both funds are expected to adopt new Aberdeen-branded names.
MFS (NYSE:MGF) announced the Board approved proposals to appoint Aberdeen as investment adviser to MFS Government Markets Income Trust (MGF) and MFS Intermediate Income Trust (MIN), and to elect five new trustees for each fund, subject to shareholder approval at a special meeting on June 18, 2026.
If approved, changes would take effect in early Q3 2026; Aberdeen reports ~$506 billion AUM and manages 27 closed-end funds ($25.6B).
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