===============================================================================
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
--------------
SCHEDULE TO
TENDER OFFER STATEMENT
under Section 14(d)(1) or Section 13(e)(1) of the
Securities Exchange Act of 1934
AMENDMENT NO. 1
---------------
MFS GOVERNMENT MARKETS INCOME TRUST
(Name Of Subject Company (Issuer))
---------------
MFS GOVERNMENT MARKETS INCOME TRUST
(Name of Filing Persons (Offeror))
Common Shares of Beneficial Interest Without Par Value
(Title of Class of Securities)
552939100
(CUSIP Number of Class of Securities)
---------------
Susan S. Newton
Massachusetts Financial Services Company
500 Boylston Street
Boston, Massachusetts 02116
(617) 954-5000
(Name, address and telephone number of person
authorized to receive notices and communications on behalf
of filing persons)
with copies to:
Gregory D. Sheehan, Esq.
Ropes & Gray LLP
One International Place
Boston, Massachusetts 02110
(617) 951-7000
CALCULATION OF FILING FEE
Transaction Valuation* Amount Of Filing Fee**
$131,283,016 $4,030.39
* Estimated solely for purposes of calculating the filing fee pursuant to
Rule 0-11 under the Securities Exchange Act of 1934, as amended, based on
the product of (x) $6.82, the average of the high and low sale prices of
common shares on the New York Stock Exchange on October 12, 2007 and (y)
19,249,709, the maximum number of shares that will be purchased in the
tender offer described in this Schedule TO.
** The fee is calculated as 0.00307% of the transaction value.
|X| Check the box if any part of the fee is offset as provided by Rule
0-11(a)(2) and identify the filing with which the offsetting fee was
previously paid. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.
Amount Previously Paid: $4,030.39
Form or Registration No.: Schedule TO
Filing Party: MFS Government Markets Income Trust
Date Filed: October 17, 2007
|_| Check the box if the filing relates solely to preliminary communications
made before the commencement of a tender offer.
Check the appropriate boxes below to designate any transactions to which the
statement relates:
|_| third-party tender offer subject to Rule 14d-1.
|X| issuer tender offer subject to Rule 13e-4.
|_| going-private transaction subject to Rule 13e-3.
|_| amendment to Schedule 13D under Rule 13d-2.
Check the following box if the filing is a final amendment reporting the results
of the tender offer: |_|
================================================================================
This Amendment No. 1 (this "Amendment") amends and supplements the Tender
Offer Statement on Schedule TO originally filed with the Securities and Exchange
Commission (the "SEC") on October 17, 2007 (the "Schedule TO") by MFS Government
Markets Income Trust, a Massachusetts business trust (the "Trust"), pursuant to
Rule 13e-4 under the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), in connection with the Trust's offer to purchase up to 19,249,709
outstanding common shares of beneficial interest without par value of the Trust,
at a purchase price equal to 99% of net asset value per share determined as of
the expiration date of the tender offer, net to the seller in cash, without
interest, upon the terms and subject to the conditions set forth in the Offer to
Purchase dated October 17, 2007 (the "Offer to Purchase") and in the related
Letter of Transmittal (the "Letter of Transmittal" which, together with the
Offer to Purchase, as each may be amended and supplemented from time to time,
constitute the "Offer").
This Amendment to Schedule TO is intended to satisfy the reporting
requirements of Rule 13e-4(c)(3) promulgated under the Exchange Act.
The information in the Letter of Transmittal and the Offer to Purchase,
previously filed with the Schedule TO as Exhibits (a)(1) and (a)(2),
respectively, is incorporated into this Amendment by reference in answer to all
of the items of the Schedule TO, except that such information is hereby amended
and supplemented to the extent specifically provided herein.
ITEM 11. ADDITIONAL INFORMATION
Item 11 of the Schedule TO is hereby amended and supplemented to add
the following:
On November 15, 2007 the Trust issued a press release announcing the
preliminary results of the Offer, which expired at midnight, New York City time,
on Wednesday, November 14, 2007. A copy of the press release is filed as Exhibit
(a)(9) to this Schedule TO and is incorporated herein by reference.
ITEM 12. EXHIBITS
The information contained in Item 12 of the Schedule TO and the Exhibit
Index is hereby amended and supplemented to add the following:
EXHIBIT NUMBER DOCUMENT
(a)(9) Press Release issued on November 15, 2007, filed herewith.
SIGNATURES
After due 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.
MFS GOVERNMENT MARKETS INCOME TRUST
Dated: November 15, 2007 By: /s/ Susan S. Newton
Name: Susan S. Newton
Title: Assistant Secretary
1
EXHIBIT INDEX
EXHIBIT NUMBER DOCUMENT
(a)(1) Form of Letter of Transmittal.*
(a)(2) Offer to Purchase dated October 17, 2007.*
(a)(3) Form of Notice of Guaranteed Delivery.*
(a)(4) Form of Letter to Brokers, Dealers, Banks,
Trust Companies and Other Nominees.*
(a)(5) Form of Letter to Clients for Use by Brokers, Dealers, Banks,
Trust Companies and Other Nominees.*
(a)(6) Form of Letter to Clients.*
(a)(7) Form of Letter to Brokers.*
(a)(8) Press Release issued on October 17, 2007.*
(a)(9) Press Release issued on November 15, 2007, filed herewith.
(d)(1) MGF Tender and Standstill Agreement, dated October 4, 2007,
by and between Massachusetts Financial Services Company and
Bulldog Investors General Partnership.*
(d)(2) Cost Reimbursement Agreement, dated October 4, 2007, by and
between Massachusetts Financial Services Company and Bulldog
Investors General Partnership.*
* Previously filed as an exhibit to the Schedule TO filed with the SEC on
October 17, 2007.
2