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EXHIBIT
(a)(1)(H)
Bulldog
Investors
Park
80
West, Plaza Two
Saddle
Brook, NJ 07663
Phone
(201) 556-0092
Fax
(201)
556-0097
pgoldstein@bulldoginvestors.com
March
7,
2007
Susan
S.
Newton
Assistant
Secretary and Assistant Clerk
MFS
Government Markets Income Trust
500
Boylston Street
Boston,
MA 02116
Dear
Ms.
Newton:
As
per
our schedule 13D filed on February 23, 2007, the Bulldog Investors group is
the
beneficial owner of more than 3 million shares of MFS Government Markets Income
Trust (the “Trust”). We have owned shares of the Trust with a market
value in excess of $2,000 for at least 12 months and intend to hold them through
the next annual meeting. We hereby submit the following proposal and
supporting statement pursuant to rule 14a-8 of the Securities Exchange Act
of
1934 for inclusion in management’s proxy materials for the next meeting of
shareholders.
RESOLVED:
The shareholders of MFS Government Markets Income Trust (the “Trust”) request
that the Board of Trustees promptly take the steps necessary to open end the
Trust or otherwise enable shareholders to realize net asset value (“NAV”) for
their shares.
Supporting
Statement
Shares
of
the Trust have traded at a discount to NAV continuously for almost 15
years. For example, on March 5, 2007 a shareholder that wished to
sell his or her shares would have only received $6.60 per share and not the
NAV
of $7.25.
After
fifteen years of discounts, we believe shareholders deserve an opportunity
to
realize NAV. Open-ending the Trust would allow all shareholders to
obtain a higher price for their shares whenever they decide to
sell. We think the time is right to permanently eliminate the Trust’s
discount
to NAV. If you agree, please vote in favor of this
proposal.
Very
truly yours,
Phillip
Goldstein
Principal