abrdn National Municipal Income Fund (VFL) Announces Final All Cash Distribution Payment Details
abrdn National Municipal Income Fund (VFL) declared a final cash distribution of $0.024 per share, payable July 7, 2026, to shareholders of record on June 29. This final distribution precedes VFL's reorganization into Aberdeen Municipal Income Fund (MFM), with VFL shareholders receiving MFM shares representing their net asset value starting July 13. Parent company Aberdeen Investments oversees $506 billion in total assets and $25.6 billion across 27 closed-end funds.
abrdn National Municipal Income Fund (VFL) Announces Shareholder Approval Relating to Proposed Reorganization and Details about Its Reorganization into Aberdeen Municipal Income Fund (MFM)
Shareholders of abrdn National Municipal Income Fund (VFL) approved the reorganization of the fund into Aberdeen Municipal Income Fund (MFM) at a special meeting held June 10, 2026. The vote passed with 6,152,391 shares voting in favor, 1,092,996 against, and 612,714 abstaining, representing 64% of the 12.28 million outstanding shares. VFL shareholders as of July 10, 2026, will receive MFM shares with equivalent net asset value, and VFL will cease to exist as a separate listed entity upon the July 13, 2026, closing. VFL is also redeeming its outstanding preferred shares at their $100,000 liquidation preference plus accrued dividends, financing the redemption through cash and portfolio sales.
Certain Aberdeen Investments U.S. Closed-End Funds Declare Distribution Dates and Amounts
abrdn National Municipal Income Fund (VFL) Announces Adjournment of Special Shareholder Meeting Relating to Proposed Reorganization
The special shareholder meeting for the proposed reorganization between abrdn National Municipal Income Fund (VFL) and MFS Municipal Income Trust (MFM) was adjourned to solicit additional proxies. Preliminary results showed 48.4% of outstanding shares voted in favor, falling short of the 50% majority required by governing documents. A new meeting date has been set for June 9, 2026, to allow the reorganization to proceed if sufficient votes are gathered.
The special shareholder meeting for abrdn National Municipal Income Fund (VFL) was adjourned to May 27, 2026, to solicit additional proxies and achieve the requisite quorum. Shareholders are voting on a proposed reorganization agreement with MFS Municipal Income Trust (MFM), which the Board of Trustees unanimously recommends. Aberdeen Investments, the adviser, reported $506 billion in assets under management and $25.6 billion in closed-end fund assets globally as of March 31, 2026.
abrdn National Municipal Income Fund (VFL) Announces Removal of Non-Fundamental Investment Policy Restricting Investments in High-Yield Municipal Securities
Aberdeen Investments U.S. Closed-End Funds Declare Distribution Dates and Amounts
