[SCHEDULE 13G] ABERDEEN MULTI-MARKET INCOME FUND Passive Investment Disclosure (>5%)
Sit Advisors report 6.2% stake in MMT
Sit Investment Associates, Inc. and Sit Fixed Income Advisors II, LLC reported shared beneficial ownership of 7,175,980 shares of Aberdeen Multi‑Market Income Fund common stock, representing 6.2% of the class.
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Sit Investment Associates, Inc. and Sit Fixed Income Advisors II, LLC reported shared beneficial ownership of 7,175,980 shares of Aberdeen Multi‑Market Income Fund common stock, representing 6.2% of the class. The filing cites 115,993,500 shares outstanding as of April 30, 2026. The filers state the shares are held in client accounts and disclaim beneficial ownership pursuant to Rule 13d-4.
Insights
Large institutional position reported: 7,175,980 shares (6.2% of class).
The filing lists 7,175,980 shares held through client Accounts, representing 6.2% of the outstanding common stock based on April 30, 2026 outstanding shares. This positions the advisers as a notable pooled-account holder.
Disclosure indicates shared voting and dispositive power rather than sole control; cash‑flow treatment and specific client identities are not provided. Subsequent filings could show changes in voting or dispositions by the Accounts.
Filing follows Schedule 13G passive investor convention and includes a Rule 13d-4 disclaimer.
The statement explains that SIA and SFI "disclaim beneficial ownership" under Rule 13d-4 while acknowledging shared voting and dispositive power over the listed shares held by client Accounts. The filing includes a Joint Filing Agreement.
Regulatory focus should be on whether the passive filing status and the disclaimer align with the advisers' actual control; any change in intent or control would require an amended filing.
Key Figures
Reported holdings:7,175,980 sharesPercent of class:6.2%Shares outstanding:115,993,500 shares
3 metrics
Reported holdings7,175,980 sharesShared beneficial ownership reported by Sit advisors
Percent of class6.2%Calculated using outstanding shares as of April 30, 2026
Shares outstanding115,993,500 sharesOutstanding common stock as of April 30, 2026 (source: Form N-CSRS)
Key Terms
Schedule 13G, Rule 13d-4, shared voting power
3 terms
Schedule 13Gregulatory
"Item 1. (a) Name of issuer: ABERDEEN MULTI-MARKET INCOME FUND"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
Rule 13d-4regulatory
"Pursuant to Rule 13d-4 of the Securities Exchange Act of 1934"
shared voting powerfinancial
"Shared Voting Power 7,175,980.00"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake did Sit Investment Associates report in Aberdeen Multi‑Market Income Fund (MMT)?
They reported shared beneficial ownership of 7,175,980 shares, equal to 6.2% of the class based on April 30, 2026 outstanding shares of 115,993,500.
Does the filing say Sit Advisors control the shares in MMT?
The filing states Sit Advisors have shared voting and dispositive power over the securities held by client Accounts but they disclaim beneficial ownership pursuant to Rule 13d-4 in this Schedule 13G.
Are the shares owned directly by Sit or by client accounts for MMT?
The Schedule 13G indicates all disclosed securities are owned by the client Accounts advised by Sit; the advisers act in their capacity as investment advisers and report authority over those Accounts' holdings.
What outstanding share count did the filing use to calculate the 6.2% figure for MMT?
The percentage is calculated using 115,993,500 shares outstanding as of April 30, 2026, as reported in the issuer's Form N-CSRS referenced in this filing.
Sit Investment Associates, Inc.
Sit Fixed Income Advisors II, LLC
(b)
Address or principal business office or, if none, residence:
c/o Sit Investment Associates, Inc.
80 South Eighth Street, Suite 3300
Minneapolis, MN 55402
(c)
Citizenship:
Sit Investment Associates, Inc. Minnesota Corporation
Sit Fixed Income Advisors II, LLC Delaware LLC
(d)
Title of class of securities:
Common Stock
(e)
CUSIP Number(s):
552737108
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:
See response to item 9 on each cover page.
(b)
Percent of class:
See response to item 11 on each cover page.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See response to item 5 on each cover page.
(ii) Shared power to vote or to direct the vote:
See response to item 6 on each cover page.
(iii) Sole power to dispose or to direct the disposition of:
See response to item 7 on each cover page.
(iv) Shared power to dispose or to direct the disposition of:
See response to item 8 on each cover page.
The ownership percentages reported are based on 115,993,500 shares of common stock outstanding as of April 30, 2026, as reported in the Issuer's Report on Form N-CSRS filed with the Securities Exchange Commission.
Sit Investment Associates, Inc. ("SIA") is an investment adviser registered under section 203 of the Investment Advisers Act of 1940. Sit Fixed Income Advisors II, LLC ("SFI") is an investment adviser registered under section 203 of the Investment Advisers Act of 1940 and a subsidiary of SIA. SIA and SFI provide investment management services to client accounts ("Accounts"). In their roles as investment advisers SIA and SFI possess shared voting and investment power over securities of the Issuer described in this schedule 13G owned by the Accounts and may be deemed to be the beneficial owner of such shares of the Issuer owned by the Accounts. All securities reported in this schedule 13G are owned by the Accounts. Pursuant to Rule 13d-4 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), SIA and SFI disclaim beneficial ownership of such securities.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
The Accounts are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities.
Except as may be indicated if this is a joint filing with a registered investment company managed by SIA or SFI, not more than 5% of the class of such securities is owned by any one Account subject to the investment advice of SIA or SFI.
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.
