What is the story about?
What's Happening?
The abrdn National Municipal Income Fund held its Annual Meeting of Shareholders on September 30, 2025, in Philadelphia. During the meeting, shareholders voted to re-elect the Board of Trustees. The fund had 12,278,003 outstanding common shares and 990 outstanding preferred shares as of the record date, August 5, 2025. A quorum was achieved with 84.21% of common shares and 100% of preferred shares voted. The election results showed strong support for the trustees, with Christian Pittard receiving 9,959,301 votes, Todd Reit receiving 10,036,064 votes, and Nancy Yao and C. William Maher receiving unanimous support from preferred shareholders.
Why It's Important?
The re-election of the Board of Trustees is significant for the abrdn National Municipal Income Fund as it ensures continuity in governance and strategic direction. This decision impacts investors who rely on the fund's management to navigate market fluctuations and achieve investment objectives. The fund's performance and management decisions can influence investor confidence and the fund's market value, which may trade at a premium or discount to its net asset value. The outcome of the meeting reflects shareholder confidence in the current board's ability to manage the fund effectively.
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