Sit Investment Associates Increases Stake in MFS Intermediate Income Trust to 28.8%

On May 11, 2026, Sit Investment Associates Inc and Sit Fixed Income Advisors II LLC filed Amendment No. 3 to their Schedule 13D regarding MFS Intermediate Income Trust (MIN). The filing reports an increase in beneficial ownership to 32,822,243 shares of common stock, representing 28.8% of the class, up from a previous 27.5%. This increase was driven by a series of open-market purchases conducted between March and May 2026. Most notably, the reporting persons acquired 1,350,000 shares on May 7, 2026, at a price of $2.50 per share. The reporting entities share voting and dispositive power over the shares, which are held for the accounts of various clients. No individual client account holds more than 5% of the outstanding shares. The filing continues to reflect the Sit entities' significant stake in the issuer, following previous amendments filed earlier in 2026. All transactions were executed on the open market at prices ranging from $2.46 to $2.52 per share.