ABRDN NATIONAL MUNICIPAL INCOME FUND ANNOUNCES THE RESULTS OF ANNUAL MEETING OF SHAREHOLDERS

Rhea-AI Summary

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.

PHILADELPHIA, Sept. 30, 2025 /PRNewswire/ -- abrdn National Municipal Income Fund (the "Fund") (NYSE American: VFL) held its Annual Meeting of Shareholders (the "Meeting") on September 30, 2025. At the Meeting, shareholders of the Fund voted to re-elect the Board of Trustees.

As of the record date, August 5, 2025, the Fund had 12,278,003 outstanding common shares and 990 outstanding preferred shares. 84.21% of outstanding common shares and 100% of the outstanding preferred shares were voted representing a quorum.

The description of the proposal and number of shares voted at the Meeting are as follows: 

Election of Trustees:

	Votes For	Votes Against/Withheld
Christian Pittard	9,959,301	381,001
Todd Reit	10,036,064	304,238
Nancy Yao (preferred only)	990	-
C. William Maher (preferred only)	990	-

In the United States, Aberdeen Investments Global is the trade name of Aberdeen's investments business, herein referred to as "Aberdeen Investments" or "Aberdeen". In the United States, Aberdeen Investments refers to the following affiliated, registered investment advisers: abrdn Inc., abrdn Investments Limited, and abrdn Asia Limited.

The value at which a closed-end fund stock may trade on a public exchange is a function of external market factors that are not at the control of the Fund's Board or Investment Advisor. Closed-end Fund shares may therefore trade at a premium or a discount to net asset value at any given time. Shareholders should be aware that a fund trading at a premium to net asset value may not be sustainable and a fund's discount to net asset value, can widen as well as narrow. Shareholders of a fund trading at a premium who participate in that fund's dividend reinvestment plan should note the reinvestment of distributions may occur at a premium to net asset value. 

Closed-end funds are traded on the secondary market through one of the stock exchanges. A Fund's investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund's portfolio. There is no assurance that a Fund will achieve its investment objective. Past performance does not guarantee future results. 

abrdn National Municipal Income Fund | Aberdeen

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SOURCE abrdn National Municipal Income Fund

FAQ

What were the voting results for VFL's 2025 Annual Meeting of Shareholders?

The meeting saw 84.21% participation from common shareholders and 100% from preferred shareholders. Christian Pittard received 9,959,301 votes for, Todd Reit received 10,036,064 votes for, while Nancy Yao and C. William Maher each received 990 votes from preferred shareholders.

How many shares were outstanding for VFL as of the August 5, 2025 record date?

As of the record date, VFL had 12,278,003 outstanding common shares and 990 outstanding preferred shares.

Who were the trustees elected at VFL's 2025 Annual Meeting?

The elected trustees were Christian Pittard and Todd Reit for common shareholders, and Nancy Yao and C. William Maher for preferred shareholders.

What is the trading nature of VFL as a closed-end fund?

VFL, as a closed-end fund, trades on secondary markets through stock exchanges. Its shares may trade at a premium or discount to net asset value (NAV), which is influenced by external market factors beyond the Fund's Board or Investment Advisor's control.