VFL adjourns special meeting, sets April 1 date
abrdn National Municipal Income Fund (VFL) adjourned its Special Meeting of Shareholders and rescheduled the adjourned meeting for April 1, 2026 at 11:00 am Eastern Time.
Sentiment and the balance of points
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Rhea-AI Filing Summary
abrdn National Municipal Income Fund (VFL) adjourned its Special Meeting of Shareholders and rescheduled the adjourned meeting for April 1, 2026 at 11:00 am Eastern Time. The adjournment was taken to solicit additional proxies to achieve the requisite quorum.
Shareholders are being asked to vote on a proposed Agreement and Plan of Reorganization between abrdn National Municipal Income Fund and MFS Municipal Income Trust (NYSE: MFM). The Board of Trustees unanimously recommends voting for the reorganization as described in the Joint Proxy Statement/Prospectus. Supplemental proxy materials will be mailed; the proxy statement as supplemented is available on www.sec.gov.
Insights
Adjournment to solicit proxies is a routine governance step for vote-driven reorganizations.
Adjournment until April 1, 2026 indicates the fund did not reach quorum and seeks additional shareholder participation. The Board's unanimous recommendation is a clear governance signal in favor of the proposed Agreement and Plan of Reorganization with MFS Municipal Income Trust.
Outcomes depend on proxy returns; subsequent filings will disclose vote results and any further adjournments or conditions tied to closing.
This notice confirms a pending fund reorganization requiring shareholder approval and further solicitation.
The transaction being voted on is a reorganization between abrdn National Municipal Income Fund and MFS Municipal Income Trust; the proxy statement and supplemental materials provide the transaction terms. The filing directs investors to mailed supplements and the SEC website for full disclosures.
Material items to watch: final vote outcome on April 1, 2026 and any post-vote implementation disclosures in subsequent filings.
FAQ
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Filed by MFS Municipal Income Trust
pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
under the Securities Exchange Act of 1934
Subject Companies:
abrdn National Municipal Income Fund
File No.: 811-07410
Date: March 11, 2026
abrdn National Municipal Income Fund (VFL) Announces Adjournment of Special
Shareholder Meeting Relating to Proposed Reorganization
(Philadelphia, March 11, 2026) – abrdn National Municipal Income Fund (NYSE: VFL) announces that the Special Meeting of Shareholders was held and adjourned today, to allow for the solicitation of additional proxies to achieve the requisite quorum. The Fund has set a new adjournment date for its Special Meeting of Shareholders of Wednesday, April 1, 2026, at 11:00 am Eastern Time.
Shareholders of the Fund are being asked to vote on the proposal to approve an Agreement and Plan of Reorganization between the abrdn National Municipal Income Fund (NYSE: VFL) and MFS Municipal Income Trust (NYSE: MFM).
The Board of Trustees unanimously recommends that you cast your vote for the Reorganization of the fund pursuant to the plan of Reorganization as described in the Joint Proxy Statement/Prospectus.
Shareholders are directed to the supplemental proxy materials that they will receive in the mail for further information. The proxy statement, as supplemented to date, is also available on the Securities and Exchange Commission’s website, www.sec.gov.
Important Information
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.
The value at which a closed-end fund stock trades on a stock exchange is a function of external market factors that are not under 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.
About Aberdeen Investments
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.
Aberdeen Investments is one of the world’s largest asset management firms with extensive experience in managing closed-end funds dating back to the 1980s. As of December 31, 2025, Aberdeen Investments had approximately $525 billion in assets under management.
For More Information Contact:
Aberdeen Investments U.S. Closed-End Funds
Investor Relations
1-800-522-5465
investor.relations@aberdeenplc.com
abrdn National Municipal Income Fund | Aberdeen