Is Aberdeen Municipal Income Fund (MFM) a Buy, Sell, or Hold?
NYSE : MFM
Aberdeen Municipal Income Fund
$5.58 USD
$0.01 (0.18%)
- Volume
- 146.21K
- Average Volume
- 190.57K
- Market Capitalization
- $229.83M
- P/E Ratio
- 13.41
- Dividend Yield
- 5.27%
- Price Target
- Year High
- $5.67
- Year Low
- $5.03
- Day High
- —
- Day Low
- —
- Payout Ratio
- $0.69
- Current Ratio
- $0.55
Company Overview
NYSE
Michael W. Roberge
Asset Management
Financial Services
MFM
N/A
US
USD
Liquidity Metrics
0.39
0.55
0.55
0.00
0.69
Sales & Valuation
$13.61M
16.14
0.93
20.54
0.27
Profitability
$0.14
$5.67M
119.85%
119.85%
6.91%
4.97%
P/E Metrics
13.41
0.11
0.11
Analyst Price Target & Rating
4/5
0 Analysts
%
Poll Results
About Aberdeen Municipal Income Fund (NYSE:MFM) Stock
Aberdeen Municipal Income Fund is a closed-end fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in U.S. fixed income markets, primarily focusing on tax-exempt bonds and notes. It benchmarks its portfolio performance against the Barclays Municipal Bond Index. The fund was founded on November 25, 1986, and is domiciled in the United States. ...
2026-07-13 08:00:00
PHILADELPHIA, July 13, 2026 /PRNewswire/ -- The reorganization of abrdn National Municipal Income Fund ("VFL") into Aberdeen Municipal Income Fund (NYSE; MFM) (the "Fund") was successfully completed prior to the opening of the New York Stock Exchange on July 13, 2026. In the reorganization, VFL's common shareholders received an amount of MFM common shares with a net asset value equal to the aggregate net asset value of their holdings of VFL's common shares, as determined at the close of regular business on July 10, 2026.
Certain Aberdeen Investments U.S. Closed-End Funds Declare Distribution Dates and Amounts
2026-07-10 16:17:00
PHILADELPHIA, July 10, 2026 /PRNewswire/ -- The following abrdn U.S. Closed-End Funds (NYSE: ACP, AGD, AOD, ASGI, AWP, MFM, MGF, MIN, THQ, THW and NYSE American: FAX), announced today that the closed end funds in the chart directly below will pay the distributions indicated on a per share basis on July 31, 2026 to all shareholders of record as of July 23, 2026 (ex-dividend date July 23, 2026). Ticker Exchange Fund Amount ACP NYSE abrdn Income Credit Strategies Fund $ 0.0775 AGD NYSE abrdn Global Dynamic Dividend Fund $ 0.1200 AOD NYSE abrdn Total Dynamic Dividend Fund $ 0.1100 ASGI NYSE abrdn Global Infrastructure Income Fund $ 0.2200 AWP NYSE abrdn Global Premier Properties Fund $ 0.1200 FAX NYSE American abrdn Asia-Pacific Income Fund, Inc. $ 0.1650 MFM NYSE Aberdeen Municipal Income Fund $ 0.0300 MGF NYSE Aberdeen Government Markets Income Fund $ 0.0200 MIN NYSE Aberdeen Intermediate Income Fund $ 0.0200 THQ NYSE abrdn Healthcare Opportunities Fund $ 0.1800 THW NYSE abrdn World Healthcare Fund $ 0.1167 Following the completion of VFL's reorganization into MFM on July 13, 2026, distributions previously attributable to VFL shareholders will be paid by Aberdeen Municipal Income Fund (NYSE: MFM).
abrdn National Municipal Income Fund (VFL) Announces Final All Cash Distribution Payment Details
2026-06-18 16:17:00
PHILADELPHIA, June 18, 2026 /PRNewswire/ -- The abrdn National Municipal Income Fund (NYSE Amex: VFL) ("VFL") ("The Fund") announced today the payment details of a special distribution, in connection with its upcoming reorganization into Aberdeen Municipal Income Fund (NYSE: MFM) ("MFM"). The Fund will pay a $0.024 per share cash distribution on July 7, 2026.
2026-06-10 09:08:00
PHILADELPHIA, June 10, 2026 /PRNewswire/ -- The abrdn National Municipal Income Fund (NYSE American: VFL) ("The Fund") announces that, at the Special Meeting of Shareholders held today, its shareholders voted to approve the reorganization of VFL into the Aberdeen Municipal Income Fund (NYSE: MFM) ("MFM"). As of the record date, December 11, 2025, VFL had 12,278,003 shares of common stock outstanding, of which 64.0% were voted at the Special Meeting, representing a quorum.
2026-06-09 17:32:00
PHILADELPHIA, June 9, 2026 /PRNewswire/ -- The Board of Trustees of Aberdeen Municipal Income Fund (NYSE: MFM) ("MFM") has adopted a stable distribution policy ("SDP") for the Fund at an annualized rate equal to 6.00% of MFM's net asset value, as discussed in MFM's Proxy dated January 30, 2026. The implementation of the SDP results in a meaningful enhancement to the shareholder distribution rate, with the Fund's monthly distribution increased from $0.0240 per share to $0.0300 per share, representing a 25% increase over the prior distribution level.
2026-05-27 17:03:00
PHILADELPHIA, May 27, 2026 /PRNewswire/ -- abrdn National Municipal Income Fund (NYSE: VFL) announces that the Special Meeting of Shareholders was held and adjourned today, to allow for the solicitation of additional proxies to achieve the requisite quorum. The Fund has set a new adjournment date for its Special Meeting of Shareholders of Tuesday, June 9, 2026, at 5:00 pm Eastern Time.
2026-05-06 16:17:00
PHILADELPHIA, May 6, 2026 /PRNewswire/ -- abrdn National Municipal Income Fund (NYSE: VFL) announces that the Special Meeting of Shareholders was held and adjourned today, to allow for the solicitation of additional proxies to achieve the requisite quorum. The Fund has set a new adjournment date for its Special Meeting of Shareholders of Wednesday, May 27, 2026, at 11:00 am Eastern Time.
Frequently Asked Questions
-
What is the current Aberdeen Municipal Income Fund (MFM) stock price?
-
Aberdeen Municipal Income Fund(NYSE:MFM) stock price is $5.58 in the last trading session. During the trading session, MFM stock reached the peak price of $5.67 while $5.03 was the lowest point it dropped to. The percentage change in MFM stock occurred in the recent session was 0.18% while the dollar amount for the price change in MFM stock was $0.01.
-
MFM's industry and sector of operation?
-
The NYSE listed MFM is part of Asset Management industry that operates in the broader Financial Services sector.
-
Who are the executives of MFM?
-
Thomas H. Connors | Assistant Secretary and Assistant Clerk
Ethan D. Corey | Assistant Secretary and Assistant Clerk
Susan A. Pereira | Assistant Secretary and Assistant Clerk
Frank L. Tarantino | Independent Senior Officer
Gary A. Lasman | Portfolio Manager -
How many employees does MFM have?
-
Number of MFM employees currently stands at None. MFM operates from 111 Huntington Avenue, Boston, MA 02199-7618, US.
-
Link for MFM official website?
-
Official Website of MFM is: https://www.mfs.com
-
How do I contact MFM?
-
MFM could be contacted at phone #617 954 5000 and can also be accessed through its website. MFM operates from 111 Huntington Avenue, Boston, MA 02199-7618, US.
-
How many shares of MFM are traded daily?
-
The average number of MFM shares traded daily for last 3 months was 190.57K.
-
What is the market cap of MFM currently?
-
The market value of MFM currently stands at $229.83M with its latest stock price at $5.58