AI brief of an SEC Form 8-K · ABERDEEN INTERMEDIATE INCOME FUND (MIN)

MIN Fund Deemed Non-Compliant With NYSE Governance Rules Over 2008 Annual Meeting

Negative Impact 5 of 5 legal/regulatory Written later

The NYSE deemed the MFS Intermediate Income Trust (NYSE: MIN) non-compliant with its corporate governance listing standards because the fund did not hold its 2008 annual meeting to elect Trustees. The fund strongly disagrees, saying the meeting was convened on October 9, 2008, but adjourned for lack of a quorum after Karpus Investment Management did not attend or vote its solicited proxies.

Key points

NYSE determination dated November 4, 2008, based on failure to hold the 2008 annual meeting to elect Trustees
Approximately 41% of shares were represented when the meeting convened; over 50% was needed for a quorum
Incumbent Trustees received about 42 million FOR votes and fewer than 5 million WITHHOLD votes among represented shares
Trustees remain in office until successors are elected; the next annual meeting is expected in 2009

The filing

CompanyABERDEEN INTERMEDIATE INCOME FUND (MIN)

Form8-K, current report

Filed with the SECNov 4, 2008, 2:59 PM ET

Accession number0000912938-08-000515

Items reported: 3.01 Delisting / Listing Rule Notice

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 04, 2008.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.