ABRDN NATIONAL MUNICIPAL INCOME FUND (VFL) ANNOUNCES PROPOSED REORGANIZATION AND SPECIAL SHAREHOLDER MEETING - MFS Municipal IT (NYSE:MFM), Delaware Inv Natl Muni (AMEX:VFL)

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]. Fund Reorganization Details - The reorganization will change the Surviving Fund's name from "MFS Municipal Income Trust" to "Aberdeen Municipal Income Fund" upon closing [1]. - Shareholders of VFL will 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]. Investment Management Background - 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 and 13 non-U.S. closed-end funds totaling $26.1 billion [5]. - MFS, as of November 30, 2025, had approximately $655.2 billion in assets under management [6]. Governance and Advisory Structure - 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].