Karpus Investment Management Holds 1.8M Shares in MFS Govt Markets

TL;DR

**Karpus Investment Management owns 1.8M shares of MFS Government Markets Income Trust.**

AI Summary

Karpus Investment Management, a New York-based firm, filed an amended SC 13G/A on February 13, 2024, disclosing its beneficial ownership in MFS Government Markets Income Trust. As of December 31, 2023, Karpus holds sole voting and dispositive power over 1,800,534 shares of the Common stock, representing a significant stake. This filing indicates a continued or updated substantial investment by Karpus, signaling their confidence in the trust's performance and potentially influencing its stock price due to their large holding.

Why It Matters

This filing shows a major institutional investor, Karpus Investment Management, maintains a significant stake in MFS Government Markets Income Trust, which can be seen as a vote of confidence and may influence other investors.

Risk Assessment

Risk Level: low — This filing indicates a stable, significant institutional holding, which generally reduces volatility risk for the stock.

Analyst Insight

An investor might view Karpus Investment Management's continued large holding as a positive signal, suggesting stability and potential for the MFS Government Markets Income Trust. This could encourage further research into the trust's fundamentals.

Key Numbers

• 1,800,534 Shares — Sole Voting Power (Number of shares Karpus Investment Management can vote)
• 1,800,534 Shares — Sole Dispositive Power (Number of shares Karpus Investment Management can sell)
• 552939100 — CUSIP Number (Unique identifier for MFS Government Markets Income Trust's securities)

Key Players & Entities

• Karpus Investment Management (company) — the reporting person beneficially owning shares
• MFS Government Markets Income Trust (company) — the issuer of the securities
• New York (company) — place of organization for Karpus Investment Management
• December 31, 2023 (date) — date of event requiring the filing
• February 13, 2024 (date) — date the SC 13G/A was filed

Forward-Looking Statements

• Karpus Investment Management will maintain a significant stake in MFS Government Markets Income Trust. (Karpus Investment Management) — high confidence, target: Q2 2024

FAQ

Filing Documents

• karpus-sch13g_18788f.htm (SC 13G/A) — 75KB
• 0001072613-24-000235.txt ( ) — 76KB

(a)

Item 1(a). Name of Issuer: MFS Government Markets Income Trust

(b)

Item 1(b). Address of Issuer's Principal Executive Offices: 111 Huntington Avenue, 24th Floor, Boston, MA 02199 USA

(a)

Item 2(a). Name of Person Filing: This 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)

Item 2(b). Address of Principal Business Office or, if none, Residence: 183 Sully's Trail, Pittsford, New York 14534.

(c)

Item 2(c). Citizenship: The members of the Karpus Management Committee are US citizens. Karpus is a New York corporation.

(d)

Item 2(d). Title of Class of Securities. Common

(e)

Item 2(e). CUSIP Number. 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 association 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); (k) Group, in accordance with 240.13d-1(b)(1)(ii)(K). CUSIP No. 552939100 13G Page 4 of 5 Pages Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 1,800,534 (b) Percent of Class: 5.52% (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: 1,800,534 (ii) Shared power to vote or direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 1,800,534 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5. of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date herof the reporting person has ceased to be the beneficial owner of more than five percent of the class of se

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: February 13, 2024 KARPUS MANAGEMENT, INC. By: /s/ Jodi L. Hedberg Name: Jodi L. Hedberg Title: Chief Compliance Officer

View Full Filing

View this SC 13G/A filing on SEC EDGAR