[SCHEDULE 13G/A] MFS Government Markets Income Trust SEC Filing

Rhea-AI Filing Summary

Karpus Management, Inc. filed an amendment to Schedule 13G disclosing beneficial ownership of common shares of MFS Government Markets Income Trust (MGF). The filing shows Karpus beneficially owns 1,832,776 shares, representing 5.62% of the class, with sole voting and dispositive power over all those shares. The shares are held in accounts managed by Karpus and were acquired and are held in the ordinary course of business, not to influence control of the issuer. Karpus is a New York-registered investment adviser and states informational barriers exist with its parent, City of London Investment Group plc.

Positive

• 5.62% ownership disclosed, providing transparency about institutional stake in MGF
• Sole voting and dispositive power over 1,832,776 shares clarifies who directs votes and dispositions
• Filing states shares are held in ordinary course of business, indicating passive intent rather than an attempt to influence control

Negative

• None.

Insights

Financial Analyst

TL;DR: Karpus discloses a 5.62% stake in MGF with full voting and disposal authority, a notable but non-controlling holding.

The Schedule 13G/A reveals a meaningful minority position: 1,832,776 shares equal to 5.62% of MGF's common stock. Because Karpus reports sole voting and dispositive power, the position is directly managed by the adviser on behalf of client accounts. The filing asserts ordinary-course holdings and no intent to change control, which frames this as a passive disclosure rather than an activist move. For investors, this is a transparency event indicating concentrated institutional exposure without governance intent.

Corporate Governance Expert

TL;DR: Disclosure signals significant institutional ownership but confirms no coordinated control efforts.

Karpus’s explicit statement that holdings are not intended to influence control and the certification in Item 10 reduce immediate governance risk. The sole voting power disclosure means Karpus can vote on proxies for these shares, which investors should note for proxy outcomes. The reference to informational barriers with the parent company addresses potential attribution concerns under applicable SEC guidance.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

MFS Government Markets Income Trust

(Name of Issuer)

Common

(Title of Class of Securities)

552939100

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 552939100

1

Names of Reporting Persons

KARPUS MANAGEMENT, INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,832,776.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,832,776.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,832,776.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.62 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: MFS Government Markets Income Trust
(b)	Address of issuer's principal executive offices: 111 Huntington Avenue, 24th Floor, Boston, MA 02199
Item 2.
(a)	Name of person filing: This statement is being filed by Karpus Management, Inc., d/b/a Karpus Investment Management ("Karpus" or the "Reporting Person"). Karpus is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940. Karpus is controlled by City of London Investment Group plc ("CLIG"), which is listed on the London Stock Exchange. However, in accordance with SEC Release No. 34-39538 (January 12, 1998), effective informational barriers have been established between Karpus and CLIG such that voting and investment power over the subject securities is exercised by Karpus independently of CLIG, and, accordingly, attribution of beneficial ownership is not required between Karpus and CLIG. The Shares to which this Schedule 13G relates are owned directly by the accounts managed by Karpus.
(b)	Address or principal business office or, if none, residence: 183 Sully's Trail, Pittsford, New York 14534.
(c)	Citizenship: The members of the Karpus Management Committee are US citizens. Karpus is a New York corporation.
(d)	Title of class of securities: Common
(e)	CUSIP No.: 552939100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,832,776.00
(b)	Percent of class: 5.62 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,832,776.00
	(ii) Shared power to vote or to direct the vote: 0.00
	(iii) Sole power to dispose or to direct the disposition of: 1,832,776.00
	(iv) Shared power to dispose or to direct the disposition of: 0.00
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

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.

KARPUS MANAGEMENT, INC.

Signature:	/s/ Jodi L. Hedberg
Name/Title:	Jodi L. Hedberg / Chief Compliance Officer
Date:	08/14/2025

FAQ

How many MGF shares does Karpus Management own according to this filing?

The filing reports Karpus beneficially owns 1,832,776 shares of MFS Government Markets Income Trust common stock.

What percentage of MGF does Karpus Management's stake represent?

Karpus's holdings represent 5.62% of the outstanding common shares reported in the filing.

Does Karpus have voting control over the shares it reports for MGF?

Yes. The filing shows Karpus has sole voting power and sole dispositive power over the 1,832,776 shares.

Did Karpus state any intent to influence control of MGF?

No. The certification in Item 10 states the shares were not acquired and are not held to change or influence control of the issuer.

Who is the reporting entity and where is it organized?

The reporting entity is Karpus Management, Inc., a New York corporation with its principal business office in Pittsford, New York.