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abrdn National Municipal Income Fund Director Yao Nancy Buys 500 Shares at $9.96
ByAinvest
Wednesday, Jun 11, 2025 4:27 pm ET1min read
The abrdn National Municipal Income Fund, with ticker symbol VFL, has recently disclosed that Director Yao Nancy has executed a transaction involving the purchase of 500 shares at a price of $9.96 per share on May 12, 2025.
The abrdn National Municipal Income Fund (NYSE:VFL), a closed-end management investment company, recently disclosed that Director Yao Nancy executed a transaction involving the purchase of 500 shares at a price of $9.96 per share on May 12, 2025. This transaction was reported through the company's SEC filings [2].The purchase of shares by a director can be seen as a vote of confidence in the fund's performance and prospects. Director Yao Nancy's action aligns with the fund's recent history of increasing its monthly distribution rate. In September 2024, the fund increased its monthly distribution by 10%, from $0.045 per share to $0.05 per share [3].
The fund's investments are primarily in investment-grade municipal obligations, providing income exempt from federal income taxes. It benchmarks its performance against the Barclays Municipal Bond Index and Lipper CE General & Insured Municipal Debt Funds (Leveraged) Average [2]. The fund's strategy focuses on fixed income markets, including airport revenue bonds, escrowed to maturity bonds, hospital revenue bonds, and public power revenue bonds, among others [2].
The fund's latest dividend declaration, as of June 30, 2025, offers a forward yield of 6.17% [1]. This yield is attractive for income-focused investors, especially given the fund's tax-exempt income and its history of stable distributions.
The fund's recent financial performance and the positive market outlook have likely influenced Director Yao Nancy's decision to purchase additional shares. The fund's consistent performance and the confidence shown by its directors can be encouraging for investors considering the fund.
References:
[1] https://seekingalpha.com/news/4457033-abrdn-national-municipal-income-fund-declares-0_05-dividend
[2] https://quantisnow.com/company/VFL
[3] https://accesswire.com/press-release/abrdn-national-municipal-income-fund-announces-results-of-annual-meeting-of-shareholders
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