Sit entities disclose 26.3% MIN (NYSE: MIN) stake in Schedule 13D/A

Rhea-AI Filing Summary

MFS Intermediate Income Trust received an updated ownership filing from investment manager Sit entities. SIT Investment Associates Inc. and SIT Fixed Income Advisors II LLC /ADV report beneficial ownership of 29,943,126 shares of common stock, representing 26.3% of the fund’s outstanding shares.

Their position is reported entirely with shared voting and shared dispositive power, with no sole authority. The percentage is based on 113,798,238 shares outstanding as of October 31, 2025. The filing notes that no individual client account holds more than 5% and none of the firms’ directors or executive officers own shares directly.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)

MFS INTERMEDIATE INCOME TRUST

(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)

03/20/2026

(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 29,943,126.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 29,943,126.00

11

Aggregate amount beneficially owned by each reporting person

29,943,126.00

12

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

13

Percent of class represented by amount in Row (11)

26.3 %

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 29,943,126.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 29,943,126.00

11

Aggregate amount beneficially owned by each reporting person

29,943,126.00

12

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

13

Percent of class represented by amount in Row (11)

26.3 %

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: MFS INTERMEDIATE INCOME TRUST
(c)	Address of Issuer's Principal Executive Offices: 111 Huntington Avenue, 24th Floor, Boston, MASSACHUSETTS , 02199.
Item 1 Comment: This Amendment No. 1 ("Amendment") amends and supplements the statement on Schedule 13D filed on February 24, 2026 (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 113,798,238 Shares outstanding as of October 31, 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:	03/23/2026

SIT FIXED INCOME ADVISORS II LLC /ADV

Signature:	/s/ Roger J. Sit
Name/Title:	Roger J. Sit, Chairman & CEO
Date:	03/23/2026

FAQ

What stake do Sit entities report in MFS Intermediate Income Trust (MIN)?

Sit entities report beneficial ownership of 29,943,126 shares of MFS Intermediate Income Trust common stock, equal to 26.3% of the fund’s outstanding shares, based on 113,798,238 shares outstanding as of October 31, 2025.

Who are the reporting persons in this Schedule 13D/A for MIN?

The reporting persons are SIT Investment Associates Inc. and SIT Fixed Income Advisors II LLC /ADV. Both entities report the same aggregate beneficial ownership and identical shared voting and dispositive powers over the 29,943,126 shares of MFS Intermediate Income Trust.

What voting and dispositive powers do Sit entities have over MIN shares?

The Sit entities report 0 sole voting power and 29,943,126 shares of shared voting power. They also report 0 sole dispositive power and 29,943,126 shares of shared dispositive power over MFS Intermediate Income Trust common stock.

How was the 26.3% ownership in MIN calculated in this filing?

The 26.3% ownership figure is calculated using the reported beneficial holdings of 29,943,126 shares divided by 113,798,238 MFS Intermediate Income Trust shares outstanding as of October 31, 2025, as disclosed in the issuer’s Form N-CSR.

Do Sit’s individual client accounts or executives directly own more than 5% of MIN?

The filing states that none of SIA’s or SFI’s client accounts owns more than 5% of MFS Intermediate Income Trust’s outstanding shares, and none of their directors or executive officers directly owns shares of the fund.

Who receives dividends and sale proceeds from the MIN shares held by Sit entities?

According to the filing, the clients of SIA and SFI have the right to receive dividends and any proceeds from the sale of MFS Intermediate Income Trust shares held in their respective managed accounts.