Aberdeen Government Markets Income Fund (MGF) sees Sit entities disclose 33.7% ownership

Rhea-AI Filing Summary

Sit Investment Associates Inc. and Sit Fixed Income Advisors II LLC report beneficial ownership of 10,985,233 common shares of the fund, representing 33.7% of the class. All reported shares are subject to shared voting and dispositive power; neither entity reports any sole voting or dispositive power. The ownership percentage is based on 32,590,193 shares outstanding as of November 30, 2025, as disclosed in the fund’s Form N-CSR. Client accounts hold the shares economically, and no single client account owns more than 5% of the outstanding shares.

Insights

Closed-end fund governance analyst

Sit reports a one‑third stake, consolidating its role as a key holder.

The Sit entities disclose beneficial ownership of 10,985,233 shares, or 33.7% of the fund’s common stock, with shared voting and dispositive power. This positions Sit as a significant institutional holder with meaningful influence on shareholder decisions.

The filing clarifies that underlying ownership rests with advisory clients, and that no individual client exceeds a 5% position, which disperses economic exposure. The percentage is calculated using 32,590,193 shares outstanding as of November 30, 2025, giving investors a clear ownership baseline.

Key Figures

Beneficial ownership: 10,985,233 shares Ownership percentage: 33.7 % Shares outstanding: 32,590,193 shares +3 more

6 metrics

Beneficial ownership 10,985,233 shares Common shares beneficially owned by each Sit reporting person

Ownership percentage 33.7 % Percent of class represented by 10,985,233 shares

Shares outstanding 32,590,193 shares Total shares outstanding as of November 30, 2025, per Form N-CSR

Sole voting power 0 shares Shares over which Sit entities have sole voting power

Shared voting power 10,985,233 shares Shares over which Sit entities have shared voting power

Event date 07/08/2026 Date of event triggering the Schedule 13D amendment

Key Terms

beneficially owned, shared voting power, shared dispositive power, Schedule 13D, +1 more

5 terms

beneficially owned financial

"aggregate number of Shares and percentages of the Shares beneficially owned by each"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

shared voting power financial

"Shared Voting Power 10,985,233.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power financial

"Shared Dispositive Power 10,985,233.00"

Schedule 13D regulatory

"previously filed a statement on Schedule 13D to report the acquisition"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

Form N-CSR regulatory

"as reported in the Issuer's Form N-CSR"

Form N-CSR is a regulatory filing that U.S.-registered investment funds use to deliver certified shareholder reports to regulators and the public, including audited financial statements, a snapshot of portfolio holdings, fee and performance information, and governance disclosures. For investors it acts like a fund’s report card and safety check—providing verified details needed to assess a fund’s financial health, costs, holdings and compliance so you can compare funds, monitor risks and spot red flags.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/10/2026 - 11:50 AM Accepted by SEC EDGAR 07/10/2026 - 11:50 AM Learn about SEC filing dates

FAQ

How many MGF shares do the Sit entities report owning?

The Sit entities report beneficial ownership of 10,985,233 common shares of MGF. This figure reflects shares held across client accounts for which they have shared voting and dispositive power.

What percentage of MGF does Sit Investment Associates own according to this filing?

The Sit entities report owning 33.7% of MGF’s outstanding common shares. This percentage is based on 32,590,193 shares outstanding as of November 30, 2025, as reported in the fund’s Form N-CSR.

Do Sit Investment Associates and Sit Fixed Income Advisors have sole or shared voting power over MGF shares?

They report 0 shares with sole voting or dispositive power and 10,985,233 shares with shared voting and dispositive power, reflecting authority exercised on behalf of advisory clients.

Are any individual clients of the Sit entities over 5% owners of MGF?

No. The filing states that none of the client accounts of Sit Investment Associates or Sit Fixed Income Advisors own more than 5% of MGF’s outstanding shares, despite the aggregate 33.7% stake.

What share count did the Sit entities use to calculate their ownership in MGF?

The Sit entities used 32,590,193 MGF common shares outstanding as of November 30, 2025, the total reported in the fund’s Form N-CSR, to calculate the 33.7% ownership.

Who signed the Schedule 13D/A for the Sit entities regarding MGF?

The amendment is signed by Roger J. Sit, identified as Chairman & CEO, with signature dates of 07/10/2026 on behalf of the reporting entities.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 7)

ABERDEEN GOVERNMENT MARKETS INCOME FUND

(Name of Issuer)

Common Stock

(Title of Class of Securities)

552939100

(CUSIP Number)

Paul E. Rasmussen
80 South Eighth Street, Suite 3300
Minneapolis, MN, 55402
612-332-3223

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

07/08/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 552939100

1

Name of reporting person

SIT INVESTMENT ASSOCIATES INC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

MINNESOTA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 10,985,233.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 10,985,233.00

11

Aggregate amount beneficially owned by each reporting person

10,985,233.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

33.7 %

14

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13D

CUSIP Number(s): 552939100

1

Name of reporting person

SIT FIXED INCOME ADVISORS II LLC /ADV

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 10,985,233.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 10,985,233.00

11

Aggregate amount beneficially owned by each reporting person

10,985,233.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

33.7 %

14

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock
(b)	Name of Issuer: ABERDEEN GOVERNMENT MARKETS INCOME FUND
(c)	Address of Issuer's Principal Executive Offices: 111 Huntington Avenue, 24th Floor, Boston, MASSACHUSETTS , 02199.
Item 1 Comment: This Amendment No. 7 ("Amendment") amends and supplements the statement on Schedule 13D filed on February 24, 2026, and amended by Amendment No. 1 filed on March 11, 2026, Amendment No. 2 filed on March 19, 2026, amendment No. 3 filed on April 22, 2026, Amendment No. 4 filed on May 12, 2026, Amendment No. 5 filed on May 26, 2026, and Amendment 6 filed on June 15, 2026 (as amended, the "Original Schedule 13D" and, as amended by this Amendment, the "Schedule 13D"), relating to the shares of Common Stock ("Shares)" of MFS Government Markets Income Trust (the "Issuer"). Capitalized terms used but not otherwise defined herein have the meanings set forth in the Original Schedule 13D. Except as specifically provided herein, each Item of the Original Schedule 13D remains unchanged.
Item 5.	Interest in Securities of the Issuer
(a)	See responses on each cover page of this Schedule 13D for the aggregate number of Shares and percentages of the Shares beneficially owned by each of the Reporting Persons. The aggregate percentage of Shares reported owned by Sit Entities herein is based upon 32,590,193 Shares outstanding as of November 30, 2025, which is the total number of Shares outstanding as reported in the Issuer's Form N-CSR.
(b)	See responses on each cover page of this Schedule 13D for the number of Shares as to which each Reporting Person has the sole or shared power to vote or direct the vote and sole of shared power to dispose or to direct the disposition. 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.
(c)	Transactions in Shares effected during the past 60 days by the Sit Entities are set forth in Exhibit A.
(d)	The clients of SIA and SFI have the right to participate in the receipt of dividends from, or proceeds from the sales of, the Shares held for their respective accounts.
(e)	Not applicable
Item 7.	Material to be Filed as Exhibits.
	Exhibit A: Schedule of Transactions in Shares by Sit Entities during the past 60 days

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

SIT INVESTMENT ASSOCIATES INC

Signature:	/s/ Roger J. Sit
Name/Title:	Roger J. Sit, Chairman & CEO
Date:	07/10/2026

SIT FIXED INCOME ADVISORS II LLC /ADV

Signature:	/s/ Roger J. Sit
Name/Title:	Roger J. Sit, Chairman & CEO
Date:	07/10/2026