Aberdeen Municipal Income Fund

Aberdeen Investments U.S. Closed-End Funds Announce Results of Annual Meeting of Shareholders

Aberdeen's four U.S. closed-end funds, including Aberdeen Municipal Income Fund (MFM), held annual shareholder meetings on September 29, 2026, with Gordon Baird re-elected as trustee at each fund. At MFM, shareholders also elected Nancy Yao and C. William Maher as Preferred Share Directors. At sister fund MMT, a proposal to adopt a fundamental investment-grade credit-quality policy failed to reach the required vote threshold, though Aberdeen says it will continue managing the portfolio with average investment-grade quality under normal circumstances.

•1mo ago

Aberdeen Municipal Income Fund (MFM) Announces Closing and Reorganization of abrdn National Municipal Income Fund (VFL)

Aberdeen Municipal Income Fund (MFM) completed the reorganization of abrdn National Municipal Income Fund (VFL) prior to the market open on July 13, 2026. VFL shareholders received 1.87521869 shares of MFM for each VFL share held, based on respective net asset values of $6.0322 and $11.3116. MFM adopted a Stable Distribution Policy targeting an annualized rate of 6.00% of NAV and declared a July distribution of $0.0300 per share.

•3mo ago

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.

•4mo ago

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.

•4mo ago

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.

•5mo ago

MFS Municipal Closed-End Funds Announce Closing Date for Reorganization and Change of Investment Adviser

MFS High Yield Municipal Trust (CMU) will cease trading on June 5, 2026, as part of a reorganization into MFS Municipal Income Trust (MFM). Shareholders will receive MFM shares based on net asset value, not market price, effectively locking in any existing premium or discount. abrdn Inc. will replace MFS as the investment adviser, and the fund will be renamed Aberdeen Municipal Income Fund upon closing on June 8, 2026.

•5mo ago

abrdn National Municipal Income Fund (VFL) Announces Adjournment of Special Shareholder Meeting Relating to Proposed Reorganization

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.

•6mo ago