Delaware Investments National Municipal Income Fund announces an Equity Buyback for 10,478,347 shares, representing 50% of its issued share capital.
July 22, 2022 at 05:00 am
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Delaware Investments National Municipal Income Fund (NYSEAM:VFL) announces a share repurchase program. Under the program, the company will repurchase up to 10,478,347 shares, representing 50% of its issued share capital. The shares will be repurchased at a price per share equal to 99% of the Fund's net asset value per share as of the close of trading on the first business day after the expiration of the offer. If the offer is oversubscribed, the company will prorate the number of shares accepted for payment. The tender offer will commence on November 14, 2022 and expire on December 13, 2022.
Computershare Trust Company, N.A acted as a depository and Georgeson LLC acted as an inforamtion agent.
abrdn National Municipal Income Fund (the Fund), formerly Delaware Investments National Municipal Income Fund, is a diversified closed-end management investment company. The Fund's investment objective is to provide current income exempt from regular federal income tax, consistent with the preservation of capital by investing in municipal bonds. It invests at least 80% of its net assets in securities, the income from which is exempt from federal income taxes. It also seeks to invest up to 20% of its net assets in municipal bonds with an investment rating of Ba/BB or lower, or that are unrated but judged to be of comparable quality by the Fund's investment adviser. It invests in corporate revenue bonds, education revenue bonds, electric revenue bonds, healthcare revenue bonds, housing revenue bonds, lease revenue bonds, local general obligation bonds, pre-refunded/escrowed to maturity bonds, and special tax revenue bonds. The Fundâs investment manager is abrdn, Inc.
ABRDN NATIONAL MUNICIPAL INCOME FUND 
