ABERDEEN MUNICIPAL INCOME FUND (MFM)
Aberdeen Municipal Income Fund is a closed-end fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in U.S. fixed income markets, primarily focusing on tax-exempt bonds and notes. It benchmarks its portfolio performance against the Barclays Municipal Bond Index. The fund was founded on November 25, 1986, and is domiciled in the United States.
Industry: Asset Management
Aberdeen Municipal Income Fund
NYSE:MFMFinancial Services · Asset Management
-1.76%$5.02
AH Close$5.02+0.00%vs close
AH Close$5.02+0.00%vs close
Mkt Cap$206.76M
Float41.19M
O/S41.19M
Inst Own76.0%
SI0.5%
Div Yield6.33%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$13.61M
Net Income$5.67M
Total Assets$362.51M
Free Cash Flow$10.85M
Debt & Equity
Debt 31%
Equity 69%
Total Debt$113.79M
Total Equity$248.09M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in MFM's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$362.51M
Liabilities$114.42M
Accounts Receivable$372K
Accounts Payable$505K
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 | 2015-10-31 | 2014-10-31 | 2013-10-31 | 2012-10-31 |
| Revenue | $13.61M | $46.87M | $16.68M | $11.6M | $24.55M | $15.86M | $29.64M | $3.46M | $9.09M | $22.04M | $22.23M | $21.87M | $23.02M | $23.58M |
| YoY Growth | -71.0% | 180.9% | 43.8% | -52.7% | 54.8% | -46.5% | 756.8% | -62.0% | -58.7% | -0.8% | 1.7% | -5.0% | -2.3% | - |
| Cost of Revenue | $2.33M | $5.19M | $4.8M | $2.05M | $2.88M | $2.79M | $2.9M | $2.96M | $3.08M | $4.99M | $4.72M | $0 | $0 | $0 |
| Gross Profit | $11.28M | $46.87M | $16.68M | $15.3M | $21.67M | $13.07M | $26.73M | $495K | $6.02M | $17.05M | $17.51M | $21.87M | $23.02M | $23.58M |
| Gross Margin | 82.9% | 100.0% | 100.0% | 131.8% | 88.3% | 82.4% | 90.2% | 14.3% | 66.2% | 77.3% | 78.8% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | -$6 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $371K | $411K | $372K | $361K | $361K | $393K | $410K | $395K | $404K | $3.51M | $3.47M | $3.42M | $3.52M | $3.81M |
| Other | $836K | -$265K | $2.25M | -$9K | $2.74M | $2.63M | -$149K | $41.19M | $41.19M | $286K | $245K | $0 | $0 | $0 |
| Total Operating Expenses | $1.21M | $145K | $2.62M | $352K | $3.1M | $3.02M | $261K | $225K | $320K | $2.89M | $4.13M | $22.92M | $35.8M | $27.37M |
| Operating Income (EBIT) | $10.07M | $46.72M | $5.96M | -$66.21M | $25.49M | $596K | $29.38M | $3.23M | $8.77M | $18.53M | $18.76M | $18.45M | $19.51M | $19.77M |
| Operating Margin | 74.0% | 99.7% | 35.7% | -570.7% | 103.8% | 3.8% | 99.1% | 93.5% | 96.5% | 84.1% | 84.4% | 84.4% | 84.7% | 83.8% |
| Interest Expense | $4.4M | $5.19M | $4.8M | $2.05M | $1.34M | $2.18M | $3.28M | $3.05M | $2.32M | $6.4M | $1.53M | $0 | $0 | $0 |
| Interest Income | $17.17M | $16.86M | $16.41M | $15.23M | $16.27M | $17.57M | $20.54M | $21.51M | $21.74M | $0 | $0 | $1.58M | $1.62M | $309K |
| Other Income (Expense) | -$4.4M | -$5.19M | -$4.8M | -$2.05M | -$1.34M | -$2.18M | $0 | -$15.15M | -$9.72M | $4.59M | -$2.19M | $24.76M | -$33.9M | $30.87M |
| Income Before Tax (EBT) | $5.67M | $46.72M | $1.16M | -$68.26M | $24.15M | -$1.59M | $29.38M | $3.23M | $8.77M | $23.12M | $16.56M | $43.21M | -$14.39M | $50.64M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$161K | $11.09M | $0 | $0 | $0 | $0 | $30.87M |
| Net Income | $5.67M | $46.72M | $1.16M | -$68.26M | $24.15M | -$1.59M | $29.38M | $3.23M | $8.77M | $23.11M | $16.56M | $43.2M | -$14.4M | $50.4M |
| Net Income Margin | 41.6% | 99.7% | 7.0% | -588.4% | 98.4% | -10.0% | 99.1% | 93.5% | 96.5% | 104.8% | 74.5% | 197.6% | -62.6% | 213.8% |
| Supplementary Data | ||||||||||||||
| EPS | 0.14 | 1.14 | 0.03 | -1.66 | 0.59 | -0.04 | 0.71 | 0.08 | 0.21 | 0.56 | 0.40 | 1.05 | -0.35 | 1.23 |
| Diluted EPS | 0.14 | 1.14 | 0.03 | -1.66 | 0.59 | -0.04 | 0.71 | 0.08 | 0.21 | 0.56 | 0.40 | 1.05 | -0.35 | 1.23 |
| Weighted Average OS | 41.19M | 40.99M | 41.19M | 41.19M | 41.19M | 41.19M | 41.19M | 40.43M | 41.19M | 41.19M | 41.19M | 41.19M | 41.19M | 41.11M |
| EBITDA | $10.07M | $46.72M | $6.04M | -$66.21M | $25.49M | $596K | $32.66M | $18.39M | $18.49M | $18.53M | $18.76M | $18.45M | $19.51M | $0 |
| EBITDA Margin | 74.0% | 99.7% | 36.2% | -570.7% | 103.8% | 3.8% | 110.2% | 531.5% | 203.4% | 84.1% | 84.4% | 84.4% | 84.7% | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 | 2015-10-31 | 2014-10-31 | 2013-10-31 | 2012-10-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $0 | $1K | $3K | $3K | $0 | $0 | $0 | $122K | $143K | $0 | $321K | $0 | $17K | $0 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $0 | $1K | $3K | $3K | $0 | $0 | $0 | $122K | $143K | $0 | $321K | $0 | $17K | $0 |
| Accounts Receivable | $372K | $6.08M | $5.7M | $5.98M | $8.07M | $6.29M | $7.84M | $371K | $8.86M | $7.52M | $7.15M | $7.61M | $8.92M | $7.28M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$6.36M | $2.02M | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $19K | $0 | $0 | $0 | $2K | $163K | $143K | $199K | $180K | $194K | $213K | $0 |
| Total Current Assets | $372K | $6.08M | $5.72M | $5.99M | $8.07M | $6.29M | $7.84M | $371K | $8.86M | $7.71M | $7.65M | $7.81M | $9.15M | $7.28M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $356.78M | $365.3M | $330.85M | $334.57M | $415.17M | $401.06M | $420.19M | $405.75M | $418.19M | $425.04M | $415.92M | $428.44M | $397.77M | $432.97M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $5.35M | $7K | $0 | $0 | $0 | $0 | $0 | -$405.75M | -$418.19M | $7K | $63K | $127K | $1.14M | -$432.97M |
| Total Long-Term Assets | $362.14M | $365.31M | $330.85M | $334.57M | $415.17M | $401.06M | $420.19M | $405.75M | $418.19M | $425.05M | $415.98M | $428.57M | $398.92M | $432.97M |
| Other Assets | $362.51M | -$38K | $7K | $7K | $7K | $7K | $7K | $6.86M | $150K | $0 | $0 | $0 | $0 | $933K |
| Total Assets | $362.51M | $371.39M | $336.58M | $340.56M | $423.24M | $407.36M | $428.04M | $412.98M | $427.21M | $432.77M | $423.63M | $436.37M | $408.06M | $441.19M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $505K | $3.33M | $5.93M | $2.22M | $5.71M | $1.42M | $1.26M | $1.65M | $4.03M | $2.04M | $480K | $3.54M | $1.66M | $2.54M |
| Short-Term Debt | $0 | $113.77M | $113.74M | $113.65M | $254 | $113.75M | $0 | $0 | $0 | $6.42M | $6.26M | $16.32M | $16.27M | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | -$111.38M | $5.86M | $0 | $2.52M | -$6.25M | $8.08M | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $636K | $708K | -$574K | -$2.24M | -$5.71M | -$114.03M | $5.36M | $104K | -$18.39M | $98K | $111K | $83K | $104K | $16.85M |
| Total Current Liabilities | $636K | $117.81M | $119.68M | $2.27M | $5.86M | $1.42M | $8.77M | $7.92M | $14.34M | $8.93M | $7.12M | $20.23M | $18.33M | $19.39M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $113.79M | $0 | $0 | $113.65M | $113.57M | $0 | $113.75M | $113.75M | $113.7M | $113.66M | $106.47M | $106.47M | $106.47M | $106.47M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $636K | $113.91M | $113.86M | $113.79M | $4K | $5K | $0 | -$113.75M | -$113.7M | $22K | $22K | $27K | $34K | -$106.47M |
| Total Long-Term Liabilities | $114.42M | $113.91M | $2K | $2.27M | $5.86M | $5K | $113.75M | $113.76M | $5K | $113.69M | $106.5M | $106.5M | $106.51M | $106.47M |
| Other Liabilities | $0 | $0 | $114K | $111.52M | $107.94M | -$1.42M | -$1.14M | $104K | $109.79M | $0 | $0 | $0 | $0 | $42K |
| Total Liabilities | $114.42M | $117.81M | $119.79M | $116.06M | $119.65M | $115.31M | $121.39M | $121.79M | $124.13M | $122.62M | $113.62M | $126.73M | $124.84M | $125.9M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7.28M | $7.28M | $7.28M | $7.28M |
| Common Stock | $280.19M | $280.19M | $280.25M | $280.34M | $280.42M | $280.45M | $280.45M | $283.93M | $291.4M | $297.11M | $300.61M | $300.67M | $300.73M | $309.89M |
| Retained Earnings | -$32.1M | -$26.61M | -$63.47M | -$55.84M | $23.17M | $11.6M | $26.21M | $7.26M | $2.43M | $13.04M | $2.13M | $1.7M | -$24.78M | -$1.88M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $20.13M | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9.25M | $0 | $7.28M | $7.28M | $7.28M | $7.28M |
| Total Equity | $248.09M | $253.58M | $216.79M | $224.5M | $303.6M | $292.05M | $306.65M | $291.19M | $303.08M | $310.15M | $310.01M | $309.64M | $283.23M | $315.29M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $362.51M | $371.39M | $336.58M | $340.56M | $423.24M | $407.36M | $428.04M | $412.98M | $427.21M | $432.77M | $423.63M | $436.37M | $408.06M | $441.19M |
| Supplementary Data | ||||||||||||||
| Total Debt | $113.79M | $113.77M | $113.74M | $113.65M | $113.57M | $113.75M | $113.75M | $113.75M | $113.7M | $120.09M | $112.74M | $122.79M | $122.74M | $0 |
| Net Debt | $113.79M | -$1K | $113.74M | $113.65M | $113.57M | $113.75M | $113.75M | $113.63M | $113.56M | $120.09M | $112.42M | $122.79M | $122.73M | $0 |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 | 2015-10-31 | 2014-10-31 | 2013-10-31 | 2012-10-31 |
| Operating Activities | ||||||||||||||
| Net Income | $5.67M | $46.72M | $1.16M | -$68.26M | $24.15M | -$1.59M | $29.38M | $3.23M | $8.77M | $23.12M | $16.56M | $43.21M | -$14.39M | $50.64M |
| Depreciation & Amortization | $0 | $0 | $86K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $55K | -$130K | -$242K | $412K | $281K | $711K | $333K | $1.69M | -$1.36M | $50K | -$6K | $60K | $108K | $284K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$5K | -$23K | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$74K | $91K | $438K | -$185K | $55K | -$170K | -$19K | -$1.52M | $1.39M | $80K | $19K | $7K | -$243K | $0 |
| Total Working Capital Change | -$18K | -$39K | $196K | $228K | $336K | $541K | $315K | $164K | $30K | $129K | $13K | $67K | -$135K | $284K |
| Other Non-Cash Items | $5.21M | -$36.74M | $7.43M | $78.88M | -$11.67M | $7.82M | -$15.89M | $11.72M | $7.05M | -$7.75M | -$56K | -$26.48M | $32.31M | -$37.38M |
| Net Cash from Operating | $10.85M | $9.95M | $8.87M | $10.85M | $12.82M | $6.77M | $13.8M | $15.12M | $15.85M | $15.5M | $16.52M | $16.8M | $17.78M | $13.26M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$53.96M | -$63.25M | -$97.12M | -$83.13M | -$62.25M | -$100.85M | -$81.95M | -$76.6M | -$68.27M | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $51.64M | $54.62M | $101.27M | $83.35M | $58.69M | $100.14M | $82.18M | $70.58M | $72.56M | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $8.63M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$2.32M | -$8.63M | $4.15M | $226K | -$3.56M | -$707K | $230K | -$6.02M | $4.29M | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | -$15K | $30K | - | - | $203K | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $203K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | -$17.1M | $0 | $0 | -$113.75M | $0 | $0 | $0 | $0 | $7.28M | $0 | $0 | $0 | $0 |
| Dividends Paid | -$11.16M | -$9.92M | -$8.87M | -$10.84M | -$12.61M | -$13.02M | -$13.92M | -$15.12M | -$15.85M | -$15.71M | -$16.2M | -$16.81M | -$17.55M | -$18.75M |
| Other Financing Activities | $0 | $17.1M | $0 | $0 | -$50K | $6.25M | $0 | $0 | $0 | -$107K | $0 | $0 | -$214K | $5.4M |
| Net Cash from Financing | -$11.15M | -$9.95M | -$8.87M | -$10.84M | -$12.82M | -$6.77M | -$13.92M | -$15.12M | -$15.85M | -$15.82M | -$16.2M | -$16.81M | -$17.77M | -$13.34M |
| Forex Effect | $2.61M | $0 | -$5.97M | -$226K | $0 | $0 | -$230K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$1K | -$1K | $3 | $3K | -$3.56M | -$707K | -$122K | -$21K | $4.29M | -$321K | $321K | -$17K | $17K | -$85K |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $10.85M | $9.95M | $8.87M | $10.85M | $12.82M | $6.77M | $13.8M | $15.12M | $15.85M | $15.5M | $16.52M | $16.8M | $17.78M | $13.26M |
| Capital Expenditure | -$3 | $0 | $0 | -$3 | $0 | -$3 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $10.85M | $9.95M | $8.87M | $10.85M | $12.82M | $6.77M | $13.8M | $15.12M | $15.85M | $15.5M | $16.52M | $16.8M | $17.78M | $13.26M |
| Cash at Beginning | $1K | $3K | $3K | -$3.56M | -$707K | $0 | $122K | $143K | -$4.15M | $321K | $0 | $17K | $0 | $0 |
| Cash at End | $0 | $1K | $3K | $3K | -$3.56M | -$707K | $0 | $122K | $143K | -$10 | $321K | $0 | $17K | -$85K |