JPMorgan trust swaps 1,274 MFM preferred shares

JPMorgan Chase Bank, N.A., a 10% owner of Aberdeen Municipal Income Fund, reported an internal restructuring of its holdings.

Rhea-AI Filing Summary

JPMorgan Chase Bank, N.A., a 10% owner of Aberdeen Municipal Income Fund, reported an internal restructuring of its holdings. In connection with the reorganization of three MFS municipal funds into Aberdeen Municipal Income Fund, 1,274 remarketable variable rate Munifund term preferred shares were exchanged in a cashless transaction for an equal number of new preferred shares of Aberdeen Municipal Income Fund. After this non-cash exchange and including 967 similar preferred shares previously acquired, JPMorgan Chase Bank now indirectly holds a total of 2,241 such preferred shares through a trust.

Insider Trade Summary

Other: 1,274 shares

Other 1 txn

Insider JPMorgan Chase Bank, N.A.

Role 10% Owner

Type	Security	Shares	Price	Value
Other	Remarketable Variable Rate MuniFund Term Preferred Shares	1,274	$0.00	$0.00

Holdings After Transaction: Remarketable Variable Rate MuniFund Term Preferred Shares — 2,241 shares (Indirect, By Trust)

Footnotes (2)

1. F1. In connection with the reorganization of MFS High Income Municipal Trust ("CXE"), MFS High Yield Municipal Trust ("CMU"), and MFS Investment Grade Municipal Trust ("CXH") (CXE, CMU, and CXH collectively, the "Target Funds") into the Issuer, 1,274 remarketable variable rate munifund term preferred shares ("RVMTP Shares") of the Target Funds indirectly beneficially owned by JPMorgan Chase Bank, National Association ("JPMCB") were exchanged for an equal number of RVMTP Shares of the Issuer in a cashless transaction. The 1,274 RVMTP shares reported as acquired in Table I represent shares indirectly beneficially owned by JPMCB.
2. F2. In addition to the 1,274 RVMTP Shares reported as acquired in Table I above by JPMCB, JPMCB holds 967 RVMTP Shares of the Issuer. The 967 RVMTP Shares were previously acquired by JPMCB as reported in the Form 3 filing filed by JPMCB with the United States Securities and Exchange Commission filed July 27, 2021 as modified by Form 4 filings filed on August 2, 2024 and August 16, 2024.

Key Figures

RVMTP shares exchanged: 1,274 shares Shares held after transaction: 2,241 shares Previously acquired RVMTP shares: 967 shares +2 more

5 metrics

RVMTP shares exchanged 1,274 shares Cashless exchange in fund reorganization on June 8, 2026

Shares held after transaction 2,241 shares Indirect RVMTP holdings following restructuring

Previously acquired RVMTP shares 967 shares Indirect holdings reported in prior Form 3 and Form 4 filings

Transaction price per share $0.0000 Cashless exchange, no per-share price reported

Transaction date June 8, 2026 Date of restructuring classified as other acquisition or disposition

Key Terms

Remarketable Variable Rate MuniFund Term Preferred Shares, RVMTP Shares, cashless transaction, indirectly beneficially owned, +1 more

5 terms

Remarketable Variable Rate MuniFund Term Preferred Shares financial

"security_title: "Remarketable Variable Rate MuniFund Term Preferred Shares""

A remarketable variable rate munifund term preferred share is a type of preferred stock issued by a fund that invests in municipal (tax-exempt) debt, which pays a dividend that resets periodically with market rates and has a defined term or maturity. Think of it as an adjustable-rate certificate that can be resold on scheduled “remarketing” dates; it matters to investors because it offers tax-advantaged income with changing yields, but carries interest-rate sensitivity, liquidity risk at remarketing, and credit risk tied to the municipal holdings.

RVMTP Shares financial

"1,274 remarketable variable rate munifund term preferred shares ("RVMTP Shares")"

cashless transaction financial

"were exchanged for an equal number of RVMTP Shares of the Issuer in a cashless transaction"

indirectly beneficially owned financial

"RVMTP Shares ... indirectly beneficially owned by JPMorgan Chase Bank, National Association"

other acquisition or disposition financial

"transaction_code_description: "Other acquisition or disposition""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did JPMorgan Chase Bank report in this Form 4 for MFM?

JPMorgan Chase Bank reported an internal restructuring of preferred shares. 1,274 remarketable variable rate Munifund term preferred shares were exchanged in a cashless transaction related to a fund reorganization, leaving its economic exposure unchanged but now tied to Aberdeen Municipal Income Fund.

How many Aberdeen Municipal Income Fund preferred shares does JPMorgan now hold indirectly?

After the transaction, JPMorgan Chase Bank indirectly holds 2,241 remarketable variable rate Munifund term preferred shares. This total includes 1,274 shares exchanged in the reorganization and 967 shares previously acquired and already reported in earlier SEC filings.

Was the JPMorgan MFM Form 4 transaction a market buy or sell?

The Form 4 does not report an open-market buy or sell. Instead, it describes a cashless exchange of 1,274 preferred shares in connection with a fund reorganization, classified as an “other acquisition or disposition” with no price per share reported.

What funds were involved in the reorganization affecting MFM preferred shares?

The reorganization involved MFS High Income Municipal Trust, MFS High Yield Municipal Trust, and MFS Investment Grade Municipal Trust. Remarketable variable rate Munifund term preferred shares from these target funds were exchanged for an equal number of similar preferred shares of Aberdeen Municipal Income Fund.

How is JPMorgan’s ownership in MFM recorded in this filing?

JPMorgan’s ownership is recorded as indirect, held “By Trust.” The Form 4 notes that the 1,274 exchanged preferred shares and 967 previously acquired shares are indirectly beneficially owned by JPMorgan Chase Bank, bringing its reported indirect position to 2,241 preferred shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 06/09/2026 - 05:21 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

JPMorgan Chase Bank, N.A.

(Last) (First) (Middle)

1111 POLARIS PARKWAY

(Street)

COLUMBUS OHIO 43240

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ABERDEEN MUNICIPAL INCOME FUND [ MFM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Remarketable Variable Rate MuniFund Term Preferred Shares	06/08/2026		J(1)		1,274	A(1)	(1)	2,241(2)	I	By Trust(1)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. In connection with the reorganization of MFS High Income Municipal Trust ("CXE"), MFS High Yield Municipal Trust ("CMU"), and MFS Investment Grade Municipal Trust ("CXH") (CXE, CMU, and CXH collectively, the "Target Funds") into the Issuer, 1,274 remarketable variable rate munifund term preferred shares ("RVMTP Shares") of the Target Funds indirectly beneficially owned by JPMorgan Chase Bank, National Association ("JPMCB") were exchanged for an equal number of RVMTP Shares of the Issuer in a cashless transaction. The 1,274 RVMTP shares reported as acquired in Table I represent shares indirectly beneficially owned by JPMCB.

2. In addition to the 1,274 RVMTP Shares reported as acquired in Table I above by JPMCB, JPMCB holds 967 RVMTP Shares of the Issuer. The 967 RVMTP Shares were previously acquired by JPMCB as reported in the Form 3 filing filed by JPMCB with the United States Securities and Exchange Commission filed July 27, 2021 as modified by Form 4 filings filed on August 2, 2024 and August 16, 2024.

	/s/ Adrian Budischak, Adrian Budischak, Authorized Signatory	06/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)