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].

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].

Core Viewpoint - MFS Investment Management announced the reorganization of several Target Funds into the MFS Multimarket Income Trust, aimed at increasing scale, liquidity, and marketability, potentially reducing the discount to net asset value per share over time [1][3]. Reorganization Details - The reorganization involves MFS Charter Income Trust, MFS Government Markets Income Trust, MFS Intermediate High Income Fund, and MFS Intermediate Income Trust merging into the MFS Multimarket Income Trust [3]. - The reorganization is intended to allow shareholders to invest in a larger fund with the potential for a higher annual distribution rate, as the Target Funds and the Surviving Fund share similar investment objectives and policies [3]. Shareholder Approval Process - Shareholders of each Target Fund will vote on the reorganization at a special meeting scheduled for March 11, 2026, with a prospectus/proxy statement to be provided for additional information [4]. - The reorganization is contingent upon shareholder approval, and if approved, is expected to be completed in the second quarter of 2026 [4][10]. New Management and Governance - Aberdeen Investments has been appointed as the new investment adviser for the Surviving Fund, with a new investment management agreement to be approved by shareholders [7][10]. - Five new trustees have been nominated to serve on the board of the Surviving Fund, also subject to shareholder approval [7][10]. Aberdeen Investments Overview - Aberdeen Investments is one of the world's largest asset management firms, managing approximately $515 billion in assets as of September 30, 2025, and has extensive experience with closed-end funds [9].

Core Viewpoint - MFS Investment Management announced the reorganization of three municipal trust funds into the MFS Municipal Income Trust, aiming to enhance scale, liquidity, and marketability, potentially benefiting shareholders with higher distribution rates and lower operating expenses [1][3][5]. Reorganization Details - The reorganization involves MFS High Income Municipal Trust, MFS High Yield Municipal Trust, and MFS Investment Grade Municipal Trust merging into the MFS Municipal Income Trust [1][3]. - The new fund will be managed by Aberdeen Investments, with the appointment of five new trustees and the issuance of additional common shares [1][8]. Shareholder Approval - Shareholders of the Target Funds will vote on the reorganization at a special meeting scheduled for March 11, 2026, with a prospectus/proxy statement to be provided [4][5][11]. - The reorganization is contingent upon shareholder approval and is expected to be completed in the second quarter of 2026 [5][11]. Investment Management Changes - A new investment management agreement will be established with Aberdeen Investments, which is recognized as one of the largest asset management firms globally, managing approximately $515 billion in assets as of September 30, 2025 [10][11]. - The election of five new trustees for the Surviving Fund is also subject to shareholder approval [8][11]. Fund Objectives - The Target Funds and the Surviving Fund share similar investment objectives and policies, with the reorganization aimed at benefiting shareholders by creating a larger fund with improved financial metrics [3][12].

Zhang Lei’s Hillhouse has combined three public markets funds into a vehicle of at least $15 billion, in the largest reorganization in years to make the unit more nimble, sources say https://t.co/UJIafTfItO ...

Core Points - abrdn Japan Equity Fund, Inc. has announced the approval of its reorganization into abrdn Global Infrastructure Income Fund, which will trade under the symbol "ASGI" on the New York Stock Exchange [1][2] - The reorganization involves transferring all assets of the Fund to the Acquiring Fund in exchange for newly issued common shares, with cash potentially distributed for fractional shares [2][3] - A cash tender offer will be conducted prior to the reorganization to purchase up to 50% of the issued shares at 98% of the Fund's net asset value [3][4] Voting Results - At the Special Meeting, 74.7% of the outstanding shares were voted, with 10,016,314 votes in favor of the reorganization and 528,477 against [2][3] - During the Annual Meeting, approximately 89.6% of outstanding common stock was voted, with significant support for the election of two Class II Directors [4][5] - Alan Goodson received 12,223,657 votes for his election, while Rose DiMartino received 12,211,238 votes [5]

Core Points - abrdn Japan Equity Fund, Inc. has announced the results of its annual general meeting and special meeting, where stockholders approved the reorganization into abrdn Global Infrastructure Income Fund [1] - The reorganization involves transferring all assets of the Fund to the Acquiring Fund in exchange for newly issued common shares, with cash potentially distributed for fractional shares [2] - A cash tender offer will be conducted prior to the reorganization to purchase up to 50% of the issued shares at 98% of the Fund's net asset value [3] - The reorganization is expected to be completed in the fourth quarter of 2025, subject to customary closing conditions [4] - During the Annual Meeting, stockholders voted on the election of two Class II Directors and the continuation of one Class I Director [4][5] Voting Results - At the Special Meeting, 74.7% of outstanding shares were voted, with 10,016,314 votes in favor of the reorganization and 528,477 votes against [2][3] - In the election for Class II Directors, Alan Goodson received 12,223,657 votes for and Rose DiMartino received 12,211,238 votes for [5]