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abrdn National Municipal Income Fund - VFL STOCK NEWS

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) is a reputable closed-end management investment company that aims to provide current income exempt from regular federal income tax. Managed by abrdn Inc., the Fund focuses on preserving capital for its investors by investing in high-quality municipal bonds. The Fund has a diverse portfolio including mutual funds, exchange-traded funds, private markets, Delaware Funds by Macquarie Premier Models, managed accounts, closed-end funds, and variable insurance products.

Since abrdn took over the management on July 7, 2023, the Fund has shifted towards higher-yielding securities while reducing its exposure to below-investment-grade securities. This strategic move has enhanced the Fund's monthly earnings and improved the credit quality of its portfolio. In a recent performance report, the Fund ranked in the top quintile within the US closed-end high-yield Morningstar category over the last three months, placing 5th out of 24 funds in its peer group as of November 30, 2023.

On December 14, 2023, abrdn National Municipal Income Fund announced a significant increase in its monthly distribution by 15%, from $0.0325 per share to $0.0375 per share, effective January 31, 2024. This decision reflects the Fund’s enhanced financial condition and commitment to providing sustainable income to its shareholders. Based on the NAV of $11.46 as of November 30, 2023, the distribution rate increased from 3.4% to 3.9%. Similarly, with a share price of $9.51, the share price distribution rate rose from 4.1% to 4.7%.

The Fund distributes a portion of its net investment income monthly to common shareholders, aimed at reducing its current discount to NAV. However, it is important to note that past performance does not guarantee future results. Investment returns and principal values will fluctuate, and shares may be worth more or less than their original cost when sold. Shareholders will receive a Form 1099-DIV at the end of each calendar year, detailing the amount and composition of distributions for accurate tax reporting.

With a well-rounded investment approach, abrdn National Municipal Income Fund remains a significant player in delivering tax-exempt income while focusing on capital preservation. Investors seeking reliable performance and consistent distributions may find this Fund an attractive option.

Rhea-AI Summary
abrdn National Municipal Income Fund (VFL) has increased its monthly distribution by 20% to $0.0450 per share, aiming to maintain this rate for the next 12 months. The Fund's NAV distribution rate has risen from 3.7% to 4.5%, and the share price distribution rate from 4.4% to 5.3%. abrdn has reduced below investment grade securities while increasing the portfolio's earnings yield. Past performance shows the Fund ranking in the top quintile for total return NAV performance in the US closed-end high yield Morningstar category.
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Rhea-AI Summary
abrdn National Municipal Income Fund (VFL) has increased its monthly distribution by 15% to $0.0375 per share, commencing on January 31, 2024. The Fund's NAV distribution rate has increased from 3.4% to 3.9%, and the share price distribution rate has increased from 4.1% to 4.7%. abrdn has transitioned into higher yielding securities and improved the credit quality of the portfolio, resulting in top quintile performance relative to its US closed-end high yield Morningstar category.
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abrdn Inc. assumes responsibility for the management of the former Delaware Investments National Municipal Income Fund, resulting in a name change to abrdn National Municipal Income Fund. The Fund's ticker symbol and CUSIP remain unchanged. The new trustees have taken office. The Fund has total assets of approximately $143 million. The investment objective and policies of the Fund will remain unchanged. abrdn is one of the largest closed-end fund managers globally, managing over $450 billion in assets. For more information, visit abrdn.com/us.
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FAQ

What is the primary objective of the abrdn National Municipal Income Fund?

The primary objective of the Fund is to provide current income exempt from regular federal income tax while preserving capital.

How often does the abrdn National Municipal Income Fund distribute income to shareholders?

The Fund distributes income to shareholders on a monthly basis.

What recent changes were announced regarding the Fund's monthly distribution?

On December 14, 2023, the Fund announced a 15% increase in its monthly distribution, raising it from $0.0325 per share to $0.0375 per share, effective January 31, 2024.

How has the Fund's management strategy changed since abrdn took over?

Since abrdn took over on July 7, 2023, the Fund has transitioned to higher-yielding securities and reduced its exposure to below-investment-grade securities, improving its monthly earnings and credit quality.

What types of securities does the Fund invest in?

The Fund primarily invests in high-quality municipal bonds, along with a diversified portfolio of mutual funds, exchange-traded funds, private markets, and other investment products.

How does the Fund's performance compare to its peers?

As of November 30, 2023, the Fund ranks in the top quintile within its US closed-end high-yield Morningstar category and is 5th out of 24 funds in its peer group.

What should shareholders consider regarding the Fund's investment performance?

Shareholders should consider that past performance does not guarantee future results. Investment returns and principal values will fluctuate.

Will shareholders receive tax information for their distributions?

Yes, shareholders will receive a Form 1099-DIV at the end of each calendar year, detailing the amount and composition of distributions for accurate tax reporting.

How can investors contact abrdn U.S. Closed-End Funds for more information?

Investors can contact abrdn U.S. Closed-End Funds’ Investor Relations at 1-800-522-5465 or via email at Investor.Relations@abrdn.com for more information.

Where are closed-end funds like abrdn National Municipal Income Fund traded?

Closed-end funds are traded on the secondary market through stock exchanges.

abrdn National Municipal Income Fund

NYSE:VFL

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Asset Management
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United States of America
Philadelphia