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MFS Municipal Income Trust is a closed-end municipal bond fund focused on high current income exempt from federal income tax, with capital appreciation considered as part of its investment approach. The fund invests primarily in municipal bonds, including assets attributable to preferred shares and borrowings used for investment purposes.
Recurring developments for MFM include distribution activity, net asset value and leverage disclosures, operating and financial results, capital-structure updates, shareholder voting matters, and governance actions affecting the trust and its shares of beneficial interest.
abrdn National Municipal Income Fund (NYSE American: VFL) shareholders approved the proposed reorganization into Aberdeen Municipal Income Fund (NYSE: MFM). The proposal received 6,152,391 votes for, 1,092,996 against/withheld, and 612,714 abstentions.
Subject to closing conditions, VFL shareholders of record on July 10, 2026 will receive new MFM common shares at equal aggregate NAV and be deemed MFM shareholders on July 13, 2026. All outstanding Muni-MultiMode Preferred Shares, Series 2049, will be redeemed at $100,000 per share plus accrued dividends, funded with cash on hand and portfolio sales.
Aberdeen Municipal Income Fund (NYSE:MFM) adopted a stable distribution policy at an annualized rate of 6.00% of NAV. The monthly distribution rises 25% from $0.0240 to $0.0300 per share.
The new distribution is payable June 30, 2026 to shareholders of record and ex-dividend on June 23, 2026. Distributions will come mainly from current income, possibly supplemented by capital gains and, if needed, return of capital.
abrdn National Municipal Income Fund (NYSE: VFL) adjourned its May 27, 2026 special shareholder meeting to June 9, 2026, to solicit additional proxies for a proposed reorganization with MFS Municipal Income Trust (NYSE: MFM).
Preliminary votes show a large majority in favor, representing 48.4% of outstanding shares, below the required 50%. The fund highlights potential benefits from a larger combined vehicle, including broader mandate, diversification, lower expenses and improved trading liquidity.
abrdn National Municipal Income Fund (NYSE: VFL) adjourned its Special Meeting of Shareholders held May 6, 2026, to solicit additional proxies and set a new meeting date for Wednesday, May 27, 2026 at 11:00 am ET. Shareholders will vote on a proposed reorganization into MFS Municipal Income Trust (NYSE: MFM).
The Board of Trustees unanimously recommends shareholders vote for the reorganization. Shareholders will receive supplemental proxy materials by mail; the proxy statement is available on www.sec.gov. The announcement reiterates risks that closed-end fund shares can trade at premiums or discounts to NAV.
abrdn National Municipal Income Fund (NYSE: VFL) announced the Special Meeting of Shareholders held April 15, 2026 was adjourned to obtain additional proxies and rescheduled for Wednesday, May 6, 2026 at 11:00 am ET.
Shareholders will vote on a proposed Agreement and Plan of Reorganization between VFL and MFS Municipal Income Trust (NYSE: MFM). The Board of Trustees unanimously recommends voting for the reorganization. Supplemental proxy materials and the proxy statement are available on the SEC website for shareholder review.
MFS High Income Municipal Trust (NYSE: CXE) adjourned its special shareholder meeting from April 7, 2026 to April 8, 2026 at 11:00 a.m. ET to solicit additional votes on a proposed Reorganization into MFS Municipal Income Trust (NYSE: MFM).
The CXE board unanimously approved the Reorganization on Dec 10, 2025; shareholders were mailed prospectus/proxy materials in early February 2026. The Surviving Fund approved related proposals, including appointment of Aberdeen as investment adviser, on April 2, 2026. MFS reported $622.2 billion AUM as of March 31, 2026.
MFS (NYSE:CXE) announced adjournment of the special shareholder meeting for MFS High Income Municipal Trust (CXE) to April 7, 2026 at 11:00 a.m. ET to solicit additional votes on a proposed reorganization into MFS Municipal Income Trust (NYSE:MFM).
The release notes CXH's conditional tender offer (up to 50% of shares at 99% NAV) is contingent on shareholder approval. The Surviving Fund approved appointment of Aberdeen as adviser, election of five trustees, and issuance of additional common shares to effect the reorganizations.
abrdn National Municipal Income Fund (NYSE: VFL) adjourned its Special Meeting of Shareholders on April 1, 2026, to solicit additional proxies and set a new meeting date for Wednesday, April 15, 2026 at 11:00 am ET. Shareholders are being asked to vote on a proposed Agreement and Plan of Reorganization between VFL and MFS Municipal Income Trust (NYSE: MFM). The Board of Trustees unanimously recommends voting for the reorganization. Shareholders will receive supplemental proxy materials by mail; the proxy statement, as supplemented, is available on the SEC website.
The release reiterates closed-end fund risks, including NAV premium/discount volatility and no assurance of meeting investment objectives.
abrdn National Municipal Income Fund (NYSE: VFL) adjourned its Special Meeting of Shareholders on March 11, 2026, to solicit additional proxies and set a new meeting date of Wednesday, April 1, 2026 at 11:00 am ET. Shareholders are being asked to vote on a proposed Agreement and Plan of Reorganization between VFL and MFS Municipal Income Trust (NYSE: MFM).
The Board of Trustees unanimously recommends that shareholders vote for the reorganization. Supplemental proxy materials will be mailed and are available on www.sec.gov. The announcement reiterates closed-end fund risks, including NAV premium/discount fluctuations and no assurance of meeting investment objectives.
abrdn National Municipal Income Fund (NYSE American: VFL) announced a proposed reorganization into MFS Municipal Income Trust (NYSE: MFM) as the surviving fund, with an intended post-close name change to Aberdeen Municipal Income Fund. Shareholders will be asked to approve adviser appointment, trustee appointments, and issuance of shares.
The move is intended to create a larger, more efficient fund with higher trading volume and a goal of reducing the discount to net asset value; the surviving fund is targeting an annual distribution rate of 6% of net asset value. Record shareholders as of Dec 11, 2025 will be asked to vote at a special meeting tentatively set for Mar 11, 2026, with closing expected in Q2 2026, subject to shareholder approval and SEC registration effectiveness.