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abrdn National Municipal Income Fund Form 4 Filings

VFL NYSE

Every Form 4 that abrdn National Municipal Income Fund (VFL) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A Form 4 covers the transactions officers, directors and large holders report, so if you follow VFL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full VFL filings page.

Rhea-AI Summary

abrdn National Municipal Income Fund was reorganized into Aberdeen Municipal Income Fund effective July 10, 2026. In this Reorganization, director Nancy Yao exchanged 1,500 common shares of the Target Fund for 2,812 common shares of the Acquiring Fund, based on a 1.87521869 conversion ratio. The Target Fund’s NAV per share was $11.3116 and the Acquiring Fund’s NAV per share was $6.0322, with cash distributed for any fractional shares.

Rhea-AI Summary

abrdn National Municipal Income Fund director Todd Reit reported a restructuring-related share exchange. On July 10, 2026, the fund was reorganized into Aberdeen Municipal Income Fund. Reit’s 1,298 common shares of abrdn National Municipal Income Fund, valued at a NAV of $11.3116 per share, were converted into 2,434 common shares of Aberdeen Municipal Income Fund based on a 1.87521869 conversion ratio and that fund’s $6.0322 NAV per share. Following this reorganization, he holds no common shares of abrdn National Municipal Income Fund.

Rhea-AI Summary

abrdn National Municipal Income Fund completed a reorganization into Aberdeen Municipal Income Fund on July 10, 2026. Director Bill Maher reported an "other" non-market transaction reflecting this restructuring.

In the reorganization, his 3,052.47 common shares of the Target Fund, with a reported NAV per share of $11.3116, were exchanged for 5,724 common shares of the Acquiring Fund, which had a reported NAV per share of $6.0322, based on a conversion ratio of 1.87521869. Following the exchange, his reported holdings of the Target Fund’s common stock were 0 shares; fractional shares were settled in cash.

Rhea-AI Summary

abrdn National Municipal Income Fund reported a restructuring-type transaction involving its Muni-MultiMode Preferred Shares. Toronto Dominion Investments LLC, an indirect subsidiary of The Toronto-Dominion Bank, had 990 preferred shares redeemed by the fund at a redemption price of $100,136.68 per share, which included a liquidation preference of $100,000.00 and accrued dividends of $136.68 per share. Following this redemption, the reporting Toronto-Dominion entities reported zero Muni-MultiMode Preferred Shares outstanding. The filing clarifies the ownership chain among Toronto Dominion Investments LLC, Toronto Dominion Holdings (U.S.A.), Inc., TD Group US Holdings LLC, and The Toronto-Dominion Bank and disclaims that these parties are part of a group for securities law purposes.