ABERDEEN INTERMEDIATE INCOME FUND director Todd Reit filed an initial statement of beneficial ownership on Form 3. The report lists him as a director and shows no reported transactions or derivative positions in this filing.
ABERDEEN INTERMEDIATE INCOME FUND has a new reporting person, Christian Pittard, who is identified as a director. The Form 3 reports his status as an insider but lists no reportable transactions or derivative holdings at this time.
ABERDEEN INTERMEDIATE INCOME FUND director Bill Maher has filed an initial statement of beneficial ownership on Form 3. The filing lists him as a director of the fund and does not report any transactions or specific share holdings.
ABERDEEN INTERMEDIATE INCOME FUND director Gordon A. Baird filed an initial statement of beneficial ownership on Form 3. The filing lists his status as a director and does not report any transactions or derivative positions, serving as a baseline disclosure of his reporting obligations under SEC rules.
abrdn Inc. has been identified as a reporting person for ABERDEEN INTERMEDIATE INCOME FUND, acting in the capacity of an adviser. The disclosure does not list any specific transactions or share holdings in this statement; it establishes abrdn Inc.’s status and relationship to the fund as required for insider reporting.
MFS Intermediate Income Trust is asking shareholders to approve a major change in management and governance at a special meeting on June 18, 2026. Investors are being asked to approve a new investment advisory agreement that would replace Massachusetts Financial Services Company with abrdn Inc. as adviser, and to elect a new five‑member board of trustees tied to Aberdeen’s closed‑end fund platform.
The trust’s investment objective will remain the same, but the portfolio will shift to Aberdeen’s team‑based fixed income process. Fees would move from an income‑based MFS structure to a stepped rate on “Managed Assets,” with a pro forma management fee of 0.62% of average net assets versus 0.55% currently. Including Aberdeen’s written expense cap at 0.72% of Managed Assets for at least two years, total annual expenses are projected at 0.72% versus 0.73% under MFS. The trust intends to keep its 8.50% managed distribution policy and later change its name to Aberdeen Intermediate Income Fund.
SIT Investment Associates Inc. and SIT Fixed Income Advisors II LLC report beneficial ownership of 32,822,243 shares of MFS Intermediate Income Trust common stock, representing 28.8% of the fund’s outstanding shares.
The Sit entities report zero sole voting or dispositive power, but shared voting and shared dispositive power over all 32,822,243 shares. This percentage is based on 113,798,238 shares outstanding as of October 31, 2025, as reported in the issuer’s Form N-CSR. The filing notes that no individual client account of the Sit entities owns more than 5% of the outstanding shares and that their directors and executive officers do not own shares directly.
MFS Intermediate Income Trust is asking shareholders to approve two linked proposals at a Special Meeting on June 18, 2026: (1) a New Management Agreement to replace MFS with Aberdeen as investment adviser and (2) election of five new trustees (Christian Pittard, Nancy Yao, C. William Maher, Gordon Baird and Todd Reit). The proposals are interdependent and conditioned on certain Transaction closing requirements; if either fails, MFS remains adviser and the current Board stays in place.
The Proxy notes Aberdeen-managed assets of $525 billion, a proposed expense limitation capping ordinary operating expenses at 0.72% for at least two years, and pro forma fee comparisons showing a 14% higher advisory fee amount in a historical pro forma calculation. Mailing of proxy materials begins on or about May 18, 2026, with record date May 1, 2026.
Sit Investment Associates Inc. and Sit Fixed Income Advisors II LLC report beneficial ownership of 31,271,265 shares of MFS Intermediate Income Trust, representing 27.5% of the fund’s common stock. This percentage is based on 113,798,238 shares outstanding as of October 31, 2025, from the fund’s Form N-CSR.
The Sit entities report shared voting and shared dispositive power over all 31,271,265 shares, with no sole voting or dispositive authority. The filing notes that no individual client account of Sit Investment Associates or Sit Fixed Income Advisors II owns more than 5% of the fund’s outstanding shares and that their directors and executive officers do not hold shares directly.
MFS Intermediate Income Trust filed a Form 4 for portfolio manager Geoffrey Schechter that does not report any insider share purchases, sales, or derivative exercises. All transaction counters, including net buy/sell shares, are shown as zero in the transaction summary.