Aberdeen Assumes Management of MFS Government Markets Income Trust, Renames Fund and Retains MGF Ticker
MGF•Effective July 2, 2026, Aberdeen took over management of MFS Government Markets Income Trust, renaming it Aberdeen Government Markets Income Fund but retaining ticker MGF and CUSIP 552939100. Five trustees elected June 18 led by Todd Reit replaced board and fund objectives remain unchanged under Aberdeen’s Global Fixed Income team.
1. Management Change and Fund Renaming
MFS Government Markets Income Trust shifted its investment adviser to abrdn Inc., effective after NYSE close on July 2, 2026, and adopted the new name Aberdeen Government Markets Income Fund. The fund retained its ticker symbol 'MGF' and CUSIP 552939100 under the amended declaration of trust.
2. Board Restructuring
On June 18, shareholders elected five new trustees—Todd Reit (Chair), Nancy Yao, C. William Maher, Gordon Baird, and Christian Pittard—who assumed office contingent on Aberdeen's appointment, replacing the prior board of trustees.
3. Portfolio Management and Investment Objectives
Aberdeen’s Global Fixed Income team will manage the fund using a team-based approach led by Bill Bellinzoni, Bill Hines, Anthony Merola, and Jonathan Mondillo. The fund’s investment objective and fundamental policies remain unchanged under the new management agreement.
4. Aberdeen’s Fixed Income Credentials
As of March 31, 2026, Aberdeen Investments oversaw approximately $506 billion in assets, including 27 closed-end funds totaling $25.6 billion, leveraging decades of experience in managing closed-end income portfolios.
