{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-043922","form_type":"8-K","ticker":"VFL","cik":"0000895574","company_name":"abrdn National Municipal Income Fund","filed_at":"2026-04-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.899813+00:00","generated_at":"2026-05-15T05:58:41.432338+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"abrdn National Municipal Income Fund removes 20% cap on high-yield municipal investments effective June 1, 2026","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-043922","json":"https://secwatch.observer/filing/0001104659-26-043922.json","markdown":"https://secwatch.observer/filing/0001104659-26-043922.md","text":"https://secwatch.observer/filing/0001104659-26-043922.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/895574/000110465926043922/0001104659-26-043922-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/895574/000110465926043922/tm2611945d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T05:58:41.432338+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}