#United States #Philadelphia #Shareholders Meeting #abrdn Fund #Trustees Re-election

abrdn National Municipal Income Fund Annual Meeting Overview

On September 30, 2025, the abrdn National Municipal Income Fund (stock symbol VFL on NYSE American) conducted its Annual Meeting of Shareholders. This essential meeting served as a platform for shareholders to assess performance and make crucial decisions regarding the governance of the Fund.

A total of 12,278,003 common shares and 990 preferred shares were outstanding as of the record date, August 5, 2025. The turnout was promising, with 84.21% of common shares and a full 100% of preferred shares voted, thereby fulfilling the quorum requirements necessary for the meeting’s proceedings.

Voting Results

The primary focus of this meeting was the election of Trustees, where shareholders had the opportunity to vote for their preferred candidates to serve on the Board. The results were as follows:

• - Christian Pittard: 9,959,301 votes for, 381,001 against or withheld.
• - Todd Reit: 10,036,064 for, 304,238 against or withheld.
• - Nancy Yao (for preferred only): 990 votes.
• - C. William Maher (for preferred only): 990 votes.

These results highlight a clear preference among shareholders, particularly for the incumbent members Christian Pittard and Todd Reit, whose re-elections reflect confidence in their continued leadership.

Importance of the Meeting

Annual meetings like this one are vital for maintaining transparency between the Fund's management and its shareholders. These gatherings allow investors to engage with the Board, ask questions, and understand the strategies that define the Fund's operations.

The Fund represents a significant part of the investment landscape, providing a platform for investors seeking fixed-income opportunities through municipal bonds. Shareholders are encouraged to stay informed about how their investments are managed and how board decisions can impact performance.

Market Considerations

It is important for investors to understand that the trading value of closed-end funds on public exchanges can vary based on market conditions, which are beyond the control of the Fund's management. This can result in shares trading at a premium or discount to their net asset value (NAV), emphasizing the need for prudent investment strategies.

Historically, the performance of funds cannot guarantee future returns, prompting the importance of careful investment decisions.

In conclusion, the abrdn National Municipal Income Fund’s Annual Meeting was a pivotal event, reinforcing the governance framework of the Fund, fostering investor trust, and promoting engagement in the Fund’s ongoing strategies. For shareholders, active participation in such meetings is not merely an obligation; it is an opportunity to shape the future of their investments. Stakeholders are reminded to consider the implications of these meetings and the overall investment landscape in their financial planning and decision-making processes.

For more details, investors can visit the Fund's website or contact their investor relations team for deeper insights and other inquiries.

Closing Thoughts

The abrdn National Municipal Income Fund continues to adapt to the demands of the market while upholding its commitment to shareholder interests. As the financial landscape evolves, so too will the practices of shareholder engagement and investment strategy, making it vital for investors to remain informed and proactive.