Aberdeen Intermediate Income Fund (MIN): Sit entities disclose 29.9% beneficial stake

Rhea-AI Filing Summary

Sit Investment Associates Inc. and Sit Fixed Income Advisors II LLC report beneficial ownership of Common Stock of Aberdeen Intermediate Income Fund. The Sit entities collectively report beneficial ownership of 34,000,521 Shares, representing 29.9% of the Common Stock, based on 113,798,238 Shares outstanding as of April 30, 2026, as reported in the issuer’s Form N‑CSRS.

The Sit entities report shared voting power and shared dispositive power over all 34,000,521 Shares, with no sole voting or dispositive power. They state that none of their individual client accounts owns more than 5% of the outstanding shares and that none of their directors or executive officers owns shares directly. Transactions in the Shares over the past 60 days are referenced in Exhibit A.

Key Figures

Beneficially owned shares: 34,000,521 Shares Ownership percentage: 29.9% Shares outstanding: 113,798,238 Shares +3 more

6 metrics

Beneficially owned shares 34,000,521 Shares Aggregate number of Common Stock shares beneficially owned by each Sit reporting person

Ownership percentage 29.9% Percent of class represented by 34,000,521 Shares based on shares outstanding

Shares outstanding 113,798,238 Shares Total Common Stock outstanding as of April 30, 2026 per Form N‑CSRS

Shared voting power 34,000,521 Shares Shares over which each Sit reporting person has shared power to vote

Shared dispositive power 34,000,521 Shares Shares over which each Sit reporting person has shared power to dispose

Date of event 08/10/2026 Date of the event requiring the amended Schedule 13D filing

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 34,000,521.00"

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 34,000,521.00"

Schedule 13D regulatory

"This Amendment No. 4 ("Amendment") amends and supplements the statement on"

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-CSRS regulatory

"as reported in the Issuer's Form N-CSRS."

Form N-CSR is a standardized, certified shareholder report that registered investment funds file with the U.S. Securities and Exchange Commission to disclose audited financial statements, portfolio holdings, results and management commentary. For investors it serves like a fund’s official report card and audited financial statement—helping verify transparency, spot shifts in strategy or risk, and compare funds when deciding where to put money.

FAQ

What percentage of Aberdeen Intermediate Income Fund (MIN) shares do the Sit entities report owning?

The Sit entities report beneficial ownership of 29.9% of Aberdeen Intermediate Income Fund’s Common Stock, representing 34,000,521 Shares out of 113,798,238 Shares outstanding as of April 30, 2026, according to the issuer’s Form N‑CSRS.

How many Aberdeen Intermediate Income Fund (MIN) shares are beneficially owned by the Sit entities?

The Sit entities report beneficial ownership of 34,000,521 Shares of Aberdeen Intermediate Income Fund’s Common Stock. This stake is calculated against 113,798,238 Shares outstanding as of April 30, 2026, as disclosed in the fund’s Form N‑CSRS.

Do the Sit entities have sole or shared voting power over Aberdeen Intermediate Income Fund (MIN) shares?

The Sit entities report 0 Shares with sole voting power and 34,000,521 Shares with shared voting power. They also report the same 34,000,521 Shares with shared dispositive power and no sole dispositive power over the issuer’s Common Stock.

How many Aberdeen Intermediate Income Fund (MIN) shares were outstanding for this 13D/A calculation?

The reported ownership percentages are based on 113,798,238 Shares of Aberdeen Intermediate Income Fund Common Stock outstanding as of April 30, 2026, which is the total outstanding share count disclosed in the issuer’s Form N‑CSRS.

Do any Sit client accounts or executives individually exceed 5% ownership of Aberdeen Intermediate Income Fund (MIN)?

The Sit entities state that none of Sit Investment Associates’ or Sit Fixed Income Advisors’ client accounts owns more than 5% of the outstanding shares, and that none of their directors or executive officers owns shares directly in the fund.

What does Amendment No. 4 to the Schedule 13D for Aberdeen Intermediate Income Fund (MIN) cover?

Amendment No. 4 updates the Sit entities’ Schedule 13D regarding Common Stock of Aberdeen Intermediate Income Fund, restating their 34,000,521-Share, 29.9% beneficial ownership and confirming shared voting and dispositive power, with recent transactions listed in referenced Exhibit A.

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

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Available on EDGAR 08/11/2026 - 03:54 PM Accepted by SEC EDGAR 08/11/2026 - 03:54 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 4)

Aberdeen Intermediate Income Fund

(Name of Issuer)

Common Stock

(Title of Class of Securities)

55273C107

(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)

08/10/2026

(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): 55273C107

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 34,000,521.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 34,000,521.00

11

Aggregate amount beneficially owned by each reporting person

34,000,521.00

12

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

13

Percent of class represented by amount in Row (11)

29.9 %

14

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13D

CUSIP Number(s): 55273C107

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 34,000,521.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 34,000,521.00

11

Aggregate amount beneficially owned by each reporting person

34,000,521.00

12

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

13

Percent of class represented by amount in Row (11)

29.9 %

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 Intermediate Income Fund
(c)	Address of Issuer's Principal Executive Offices: 1900 MARKET STREET, SUITE 200, PHILADELPHIA, PENNSYLVANIA , 19103.
Item 1 Comment: This Amendment No. 4 ("Amendment") amends and supplements the statement on Schedule 13D filed on February 24, 2026, and amended by Amendment No. 1 filed on March 23, 2026, Amendment No. 2 filed on April 22, 2026, and Amendment No. 3 filed on May 11, 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 Aberdeen Intermediate Income Fund (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 113,798,238 Shares outstanding as of April 30, 2026, which is the total number of Shares outstanding as reported in the Issuer's Form N-CSRS.
(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:	08/11/2026

SIT FIXED INCOME ADVISORS II LLC /ADV

Signature:	/s/ Roger J. Sit
Name/Title:	Roger J. Sit, Chairman & CEO
Date:	08/11/2026