abrdn National Municipal Income Fund removes 20% cap on high-yield municipal investments effective June 1, 2026

abrdn National Municipal Income Fund

Board approved removal of 20% limit on below-investment-grade municipal obligations; now can invest up to 100% of assets.
Effective June 1, 2026; initial expected allocation ~30% high-yield, moving to 30-50% over time.
Change aims for expanded diversification, greater earnings, higher distributions, improved risk-adjusted returns.
Risks include larger credit exposure, volatility, lower liquidity of high-yield/junk bonds.
All other investment limitations remain unchanged.

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