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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.
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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.