Maher Bill 4
4 · ABERDEEN MUNICIPAL INCOME FUND · Filed Jul 14, 2026
Research Summary
AI-generated summary of this filing
Aberdeen Municipal Income Fund (MFM) Director Bill Maher Acquires 5,724 Shares
What Happened
Bill Maher, a director, acquired 5,724 common shares of Aberdeen Municipal Income Fund (MFM) in a non-market transaction on July 10, 2026. The filing reports an acquisition equivalent value of $6.03 per share, totaling $34,528. This was not an open-market purchase but a share exchange resulting from a reorganization of abrdn National Municipal Income Fund into Aberdeen Municipal Income Fund.
Key Details
- Transaction date: July 10, 2026; reported on Form 4 filed July 14, 2026 (timely filed).
- Reported price / NAV reference: $6.03 per share (Acquiring Fund NAV reported as $6.0322).
- Shares received: 5,724 common shares of the Acquiring Fund; total value ≈ $34,528.
- Exchange details (footnote): Maher surrendered 3,052.47 shares of abrdn National Municipal Income Fund; conversion ratio was 1.87521869. Fractional shares were paid in cash.
- Transaction code: J — "other acquisition or disposition" (here, a reorganization/exchange), not a market buy or sale.
Context
This was a reorganization-driven exchange (fund merger), so it reflects a structural conversion of holdings rather than an insider decision to buy or sell in the market. Such transactions are routine and do not by themselves indicate the director’s view on the fund’s outlook. The reported dollar amount is modest for an insider transaction.
Insider Transaction Report
- Other
Common Stock
[F1]2026-07-10$6.03/sh+5,724$34,528→ 5,724 total
Footnotes (1)
- [F1]Effective as of July 10, 2026, abrdn National Municipal Income Fund (the "Target Fund") was reorganized into the Aberdeen Municipal Income Fund. (the "Acquiring Fund," and such reorganization, the "Reorganization"). In the Reorganization, common shareholders of the Target Fund received common shares of the Acquiring Fund having a value equal to the aggregate NAV of the Target Fund common shares surrendered as determined at the close of business on July 10, 2026, less the costs of the Reorganization (although cash was distributed for any fractional shares). As of July 10, 2026, the Target Fund reported a NAV per share of $11.3116 and the Acquiring Fund reported a NAV per share of $6.0322. The conversion ratio for the Target Fund's common shares was 1.87521869. In the Reorganization, the Reporting Person received 5,724 common shares of the Acquiring Fund in exchange for their 3,052.47 common shares of the Target Fund.