Welcome to our dedicated page for abrdn National Municipal Income Fund news (Ticker: VFL), a resource for investors and traders seeking the latest updates and insights on abrdn National Municipal Income Fund stock.
abrdn National Municipal Income Fund (NYSE American: VFL) generates a steady flow of news as a closed-end management investment company focused on municipal bond investing and tax-exempt income. Company communications and regulatory materials highlight developments in its distribution policy, governance, investment management arrangements, and proposed corporate actions, all of which are reflected in the news feed for VFL.
News items for VFL include regular monthly distribution announcements, where the fund declares per-share distribution amounts and payment dates for common shareholders. These releases restate the fund’s investment objective of providing current income exempt from regular federal income tax, consistent with the preservation of capital, and often discuss the fund’s ability to use leveraging techniques, including variable-rate preferred shares, in an attempt to obtain a higher return. Some news also covers changes in the distribution rate and the rationale considered by the Board and the investment manager.
The news record also documents governance and management transitions, such as the approval and execution of a new investment management agreement with abrdn Inc. and the election of new trustees. Releases describe shareholder meetings where these changes were approved and note the transition from Delaware Management Company to abrdn Inc. as investment adviser. In addition, a September 11, 2024 release announces an increase in the monthly distribution and the authorization of an open market share repurchase program, explaining how such a program may be used when the fund’s shares trade at certain discounts to net asset value.
A notable news item dated December 11, 2025 reports that the Board of Trustees approved a proposed reorganization of VFL into MFS Municipal Income Trust, identified as the surviving fund, subject to shareholder approval and other conditions. This release outlines the intended changes to the surviving fund’s adviser, board composition, and name, as well as the expected timing of a special shareholder meeting and a potential closing if the proposal is approved. Investors following VFL news can use this page to review these developments and other official communications that describe how the fund is managed and how its structure may evolve, based solely on information provided in company and regulatory disclosures.
abrdn National Municipal Income Fund (NYSE American: VFL) announced a proposed reorganization into MFS Municipal Income Trust (NYSE: MFM) as the surviving fund, with an intended post-close name change to Aberdeen Municipal Income Fund. Shareholders will be asked to approve adviser appointment, trustee appointments, and issuance of shares.
The move is intended to create a larger, more efficient fund with higher trading volume and a goal of reducing the discount to net asset value; the surviving fund is targeting an annual distribution rate of 6% of net asset value. Record shareholders as of Dec 11, 2025 will be asked to vote at a special meeting tentatively set for Mar 11, 2026, with closing expected in Q2 2026, subject to shareholder approval and SEC registration effectiveness.
abrdn National Municipal Income Fund (NYSE American: VFL) held its Annual Meeting of Shareholders on September 30, 2025. At the meeting, shareholders successfully re-elected the Board of Trustees with a strong voter turnout of 84.21% of outstanding common shares and 100% of preferred shares participating.
The election results showed strong support for trustees Christian Pittard and Todd Reit from common shareholders, while Nancy Yao and C. William Maher were unanimously elected by preferred shareholders. The Fund had 12,278,003 outstanding common shares and 990 outstanding preferred shares as of the August 5, 2025 record date.
abrdn National Municipal Income Fund (NYSE American: VFL) has announced a 10% increase in its monthly distribution from $0.045 to $0.05 per share, effective September 30, 2024. This change raises the Fund's NAV distribution rate from 4.4% to 4.9% and the share price distribution rate from 4.9% to 5.4%. Since abrdn assumed management in July 2023, the distribution has increased by approximately 54%.
Additionally, the Fund's Board has authorized an open market share repurchase program, allowing the repurchase of up to 10% of outstanding shares in any 12-month period. This program aims to improve market liquidity and potentially increase per share NAV for long-term shareholders. The Fund seeks to provide current income exempt from regular federal income tax while preserving capital by investing in municipal bonds.
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