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The abrdn National Municipal Income Fund operates as a diversified, closed-end investment management company. Its primary goal is to generate a consistent flow of income, which is exempt from regular federal income taxation, all while prioritizing the protection of investors' capital. The fund was established on February 26, 1993, and its corporate headquarters are located in Philadelphia, Pennsylvania.
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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.