MFM - Aberdeen Municipal Income Fund

What this means for you

No investor has reported owning 5% or more of this fund. That is the normal state for most closed-end funds.

Nothing is required of you. If that changes, the notice appears here within a day of being filed with the regulator.

Email me if this changes

What happened, and when

1. April 21, 2026

   The fund said it may sell new shares.

   Original document →

2. April 20, 2026

   The fund said it may sell new shares.

   Original document →

3. Feb 2, 2026

   The fund sent holders a document about a possible reorganization; we could not read the details automatically.

   Original document →

4. Jan 30, 2026

   The fund said it may sell new shares.

   Original document →

5. Jan 27, 2026

   The fund proposed folding into MFS Municipal Income Trust. Holders vote on March 11, 2026. Latest document Dec 12, 2025.

   Original document →

About this fund

• Run by abrdn. At its last yearly report (Oct 31, 2025) the fund was run by Massachusetts Financial Services Company. As of Oct 31, 2025, from the fund's yearly report. Original document →
• Size: about $246 million of holdings, as of April 30, 2026. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 28% on top of its own money, as of April 30, 2026. Borrowed money makes gains and losses bigger. About 99% of that is money the fund has borrowed by selling preferred shares. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 1% a year in management fees; 2.8% a year in total, including interest on borrowed money. Fiscal year ended Oct 31, 2025. As of Oct 31, 2025, from the fund's yearly report. Original document →
• Payouts: last fiscal year (ended Oct 31, 2025) the fund paid $0.27 a share, all of it income. As of Oct 31, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Oct 31, 2025): $6.02. The shares traded at $5.41, about 10.1% below that. As of Oct 31, 2025, from the fund's yearly report. Original document →
• How the holdings did: down 1.3% over the last three months we have (Feb-April 2026), before the share price is taken into account. Over the last 12 months: +9.7%. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• How the holdings did over the fiscal year (ended Oct 31, 2025): the value of the holdings returned +2.8%. How the share price did: the shares returned +1.6% over the same year, counting payouts and the change in the market price. As of Oct 31, 2025, from the fund's annual report. Original document →
• First reported to the regulator in 1995.

What the fund holds

Mostly tax-free municipal bonds (96%), the rest shares. About 100% issued in the U.S.

0.6% of holdings are in default.

1. Cash and short-term - 4.9%
2. Texas Transportation Finance, Texas St Transprtn Fin Corp Sh 288 Sys Toll Revenue - 2.3%
3. South Carolina Public Service Authority, South Carolina St Public Svc Auth Revenue - 1.7%
4. Black Belt Energy Gas District, Black Belt Energy Gas Dist Al Gas Project Revenue - 1.4%
5. Public Finance Authority, Public Fin Auth Wi Arpt Facs Revenue - 1%
6. Puerto Rico Sales Tax Financing Corp Sales Tax Revenue, Puerto Rico Sales Tax Fing Corp Sales Tax Revenue - 1%
7. Chicago Board of Education Dedicated Capital Improvement Tax, Chicago Il Brd of Edu Dedicated Capital Impt Tax - 1%
8. Texas Municipal Gas Acquisition & Supply Corp IV, Texas St Muni Gas Acquisition& Sply Corp IV - 1%
9. New York Transportation Development, New York St Transprtn Dev Corp Spl Fac Revenue - 1.8%
10. California Community Choice Financing Authority, California Cmnty Choice Fing Auth Clean Energy Proj Revenue - 0.9%

As of April 30, 2026, from the fund's quarterly holdings report. Original document →