ABRDN NATIONAL MUNICIPAL INCOME FUND (VFL) ANNOUNCES PROPOSED REORGANIZATION AND SPECIAL SHAREHOLDER MEETING

Core Viewpoint - The Board of Trustees of abrdn National Municipal Income Fund has approved the reorganization of VFL into MFS Municipal Income Trust, aiming to create a larger, more efficient fund with a targeted annual distribution rate of 6% of the Surviving Fund's net asset value [1][2]. Group 1: Reorganization Details - The reorganization will change the Surviving Fund's name from "MFS Municipal Income Trust" to "Aberdeen Municipal Income Fund" [1]. - Shareholders of VFL will have the opportunity to vote on the proposal at a special meeting scheduled for March 11, 2026, with the reorganization expected to close in the second quarter of 2026 if approved [2]. Group 2: Fund Management and Assets - Aberdeen Investments is one of the largest asset management firms globally, managing approximately $515 billion in assets as of September 30, 2025, including 15 U.S. closed-end funds totaling $26.1 billion [5]. - MFS had approximately $655.2 billion in assets under management as of November 30, 2025 [6]. Group 3: Governance and Advisory - The reorganization includes appointing abrdn Inc. as the investment adviser to the Surviving Fund and retaining the current VFL trustees along with one additional independent trustee [9].