The board of trustees of Aberdeen Government Markets Income Fund (NYSE: MGF) approved a 1-for-5 reverse stock split of the fund’s common shares, consolidating every five shares into one.
The transaction is expected to take effect prior to the opening of trading on October 8, 2026, according to the fund’s announcement on September 24. New CUSIP number 552939209 will replace the existing 552939100.
Aberdeen Investments, the fund’s manager, has approximately $527 billion in assets under management as of June 30, 2026. The fund pays a managed distribution at an annual rate of 7.25% based on its average monthly net asset value. The board said the split should increase the per-share market price, reduce trading and administrative frictions associated with lower-priced securities, and improve the fund’s suitability for certain investment platforms. No change was made to the overall distribution rate.
Fractional shares will not be issued. Entitlements resulting from the consolidation will be aggregated and sold, with net proceeds distributed to affected shareholders. The per-share distribution amount is expected to rise proportionally following the split, while the aggregate payout to shareholders remains broadly unchanged barring fractional-share adjustments.
Holdings in brokerage accounts will be adjusted automatically. Shareholders holding physical certificates must contact the transfer agent, Computershare Trust Company, N.A., at 1-800-647-0584, for instructions on converting or reissuing shares.
