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 (VFL) provides tax-exempt income through municipal bond investments. This page aggregates official announcements and third-party analysis for investors tracking VFL's developments.
Access timely updates including earnings reports, distribution declarations, portfolio adjustments, and regulatory filings. Our curated collection eliminates the need to monitor multiple sources, offering a comprehensive view of the fund's operations and market position.
Key resources include management commentary on investment strategies, credit rating changes, and comparative performance insights. Bookmark this page to stay informed about VFL's initiatives in capital preservation and tax-efficient income generation.
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.
Delaware Investments National Municipal Income Fund (NYSE American: VFL) has declared a monthly distribution of $0.0450 per share, payable on April 28, 2023. Shareholders of record will be noted at the close of business on April 21, 2023, with the ex-dividend date set for April 20, 2023. The fund aims to provide income exempt from federal taxes while preserving capital, using leveraged techniques for potentially higher returns. It currently utilizes variable-rate preferred shares for leverage. However, there are no assurances that investment objectives will be met.
The Delaware Investments National Municipal Income Fund (AMEX: VFL) held a Special Meeting of Shareholders on March 8, 2023, where shareholders approved two key proposals. The first proposal was a new investment management agreement with abrdn Inc., receiving 5,453,641 votes in favor against 384,244 opposed. The second proposal involved the election of four new trustees from existing abrdn funds, which garnered substantial support, with 7,579,827 votes for one trustee. The Fund's adoption is expected to finalize around June 9, 2023, pending customary closing conditions. As of December 22, 2022, the Fund had 12,278,003.15 common shares outstanding.
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