Welcome to our dedicated page for abrdn National Municipal Income Fund news (Ticker: VFL), a resource for investors and traders seeking the latest updates and insights on abrdn National Municipal Income Fund stock.
abrdn National Municipal Income Fund (NYSE American: VFL) is a reputable closed-end management investment company that aims to provide current income exempt from regular federal income tax. Managed by abrdn Inc., the Fund focuses on preserving capital for its investors by investing in high-quality municipal bonds. The Fund has a diverse portfolio including mutual funds, exchange-traded funds, private markets, Delaware Funds by Macquarie Premier Models, managed accounts, closed-end funds, and variable insurance products.
Since abrdn took over the management on July 7, 2023, the Fund has shifted towards higher-yielding securities while reducing its exposure to below-investment-grade securities. This strategic move has enhanced the Fund's monthly earnings and improved the credit quality of its portfolio. In a recent performance report, the Fund ranked in the top quintile within the US closed-end high-yield Morningstar category over the last three months, placing 5th out of 24 funds in its peer group as of November 30, 2023.
On December 14, 2023, abrdn National Municipal Income Fund announced a significant increase in its monthly distribution by 15%, from $0.0325 per share to $0.0375 per share, effective January 31, 2024. This decision reflects the Fund’s enhanced financial condition and commitment to providing sustainable income to its shareholders. Based on the NAV of $11.46 as of November 30, 2023, the distribution rate increased from 3.4% to 3.9%. Similarly, with a share price of $9.51, the share price distribution rate rose from 4.1% to 4.7%.
The Fund distributes a portion of its net investment income monthly to common shareholders, aimed at reducing its current discount to NAV. However, it is important to note that past performance does not guarantee future results. Investment returns and principal values will fluctuate, and shares may be worth more or less than their original cost when sold. Shareholders will receive a Form 1099-DIV at the end of each calendar year, detailing the amount and composition of distributions for accurate tax reporting.
With a well-rounded investment approach, abrdn National Municipal Income Fund remains a significant player in delivering tax-exempt income while focusing on capital preservation. Investors seeking reliable performance and consistent distributions may find this Fund an attractive option.
Delaware Investments National Municipal Income Fund (NYSE: VFL) has declared a monthly distribution of $0.0450 per share, payable on February 25, 2022, to shareholders of record by February 18, 2022. The fund aims to provide income exempt from federal income tax while preserving capital. In a significant acquisition plan, VFL will acquire assets from the Colorado Municipal Income Fund (NYSE: VCF) and Minnesota Municipal Income Fund (NYSE: VMM), with the transaction expected to close on February 11, 2022. Following the acquisition, both VCF and VMM will be dissolved.
Delaware Investments Colorado Municipal Income Fund (VCF) and Delaware Investments Minnesota Municipal Income Fund II (VMM) announced final distributions due on
Distributions will consist of undistributed tax-exempt interest income, ordinary income, and capital gain net income. The funds will be dissolved following an acquisition by Delaware Investments National Municipal Income Fund (VFL), approved on
On January 7, 2022, Delaware Investments announced monthly income dividends for three municipal income funds: Delaware Investments Colorado Municipal Income Fund (VCF), Delaware Investments National Municipal Income Fund (VFL), and Delaware Investments Minnesota Municipal Income Fund II (VMM). The dividends are $0.0425 for VCF, $0.0450 for VFL, and $0.0350 for VMM. Relevant dates include declaration on January 7, ex-date on January 20, record date on January 21, and payable date on January 28, 2022. Each fund aims to provide tax-exempt income while preserving capital.
The Boards of Trustees of Delaware Investments National Municipal Income Fund (VFL) and its affiliated funds, Colorado Municipal Income Fund (VCF) and Minnesota Municipal Income Fund (VMM), announced the acquisition's closing on February 11, 2022, at 5:00 PM EDT. This tax-free transaction follows shareholder approval from the joint meeting held on October 11, 2021. Prior to the acquisition, the funds will distribute nearly all undistributed tax-exempt interest and capital gains, payable on February 4, 2022, to shareholders of record as of February 1, 2022.
Delaware Investments Colorado Municipal Income Fund (VCF), National Municipal Income Fund (VFL), and Minnesota Municipal Income Fund II (VMM) are set to undergo reorganizations, with VCF and VMM merging into VFL. These reorganizations are anticipated to complete in early 2022, pending shareholder approval and customary closing conditions. Shareholders are advised to review forthcoming Proxy Statements for detailed information regarding investment objectives, risks, charges, and expenses. The announcement emphasizes the focus on preserving capital while providing current income exempt from federal income tax.
On August 3, 2021, three municipal income funds, Delaware Investments Colorado Municipal Income Fund (VCF), Delaware Investments National Municipal Income Fund (VFL), and Delaware Investments Minnesota Municipal Income Fund II (VMM), declared their monthly income dividends. VCF will pay $0.0425 per share, VFL will pay $0.0450, and VMM will pay $0.0350. Key dates include the ex-date on August 19, 2021, and the payable date on August 27, 2021. The funds aim to provide tax-exempt income while preserving capital and utilize leveraging techniques to enhance returns.
Three municipal income funds managed by Macquarie Investment Management have announced their monthly income dividends. The funds include Delaware Investments Colorado Municipal Income Fund (VCF), Delaware Investments National Municipal Income Fund (VFL), and Delaware Investments Minnesota Municipal Income Fund II (VMM). Key dates are: Declaration on 07/02/2021, Ex-date on 07/22/2021, Record date on 07/23/2021, and Payable date on 07/30/2021. Dividends per share are $0.0425 for VCF, $0.0450 for VFL, and $0.0350 for VMM.
Three municipal income funds managed by Macquarie Investment Management have announced their monthly income dividends. Delaware Investments Colorado Municipal Income Fund (VCF) will distribute $0.0425 per share, Delaware Investments National Municipal Income Fund (VFL) will distribute $0.0450, and Delaware Investments Minnesota Municipal Income Fund II (VMM) will distribute $0.0350. The declaration date is June 2, 2021, with an ex-date of June 17, 2021, and the payable date set for June 25, 2021. These funds focus on providing tax-exempt income while preserving capital.
The Delaware Investments Colorado Municipal Income Fund (VCF), National Municipal Income Fund (VFL), and Minnesota Municipal Income Fund II (VMM) have declared their monthly income dividends. The declaration date is May 4, 2021, with an ex-date of May 20, 2021, and the record date is May 21, 2021. The payable date for the dividends is May 28, 2021. Dividends are set at $0.0400 for VCF, $0.0425 for VFL, and $0.0325 for VMM. Each fund aims to provide current income exempt from federal taxes while preserving capital.
The Delaware Investments Colorado Municipal Income Fund (VCF), National Municipal Income Fund (VFL), and Minnesota Municipal Income Fund II (VMM) have appointed H. Jeffrey Dobbs, Joseph Harroz, Jr., and Sandra A. Lawrence as independent trustees, effective April 30, 2021. The Board of Trustees now comprises 12 members, enhancing governance. Furthermore, the acquisition of Waddell & Reed Financial by Macquarie closed on the same day, resulting in the Ivy Funds, including those of Delaware Funds by Macquarie, being managed by Delaware Management Company.
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