VFL abrdn National Municipal Income Fund Insider Trading

Director Todd buys 250 shares of VFL at $9.64; holdings rise 25.0% to 1,250 shares

Reit Todd, a Director, purchased 250 shares of abrdn National Municipal Income Fund (VFL) at $9.64 on 2025-08-05, increasing his holdings by 25.0% from 1,000 to 1,250 shares. This represents a discretionary open-market buy at a price 0.6 cents above the current market price of $9.58 and 16.2% below the 52-week high of $11.43. Todd's cross-ticker buy track record shows an average 90-day return of +30.1% across 12 prior buys with a 45.45% win rate, while his single prior transaction at VFL on 2023-09-28 delivered a +18.1% 90-day return. The timing signal from his prior VFL purchase was well-timed at the 90-day mark, establishing a history of favorable outcomes on this specific fund.

Director Yao Nancy bought 500 VFL shares at $9.96 on 2025-05-12, raising holdings to 1,500 (+50.0%); stock now at $9.72, down -15.0% from 52-week high.

Yao Nancy purchased 500 shares of abrdn National Municipal Income Fund at $9.96, increasing her holdings by 50.0% to 1,500 shares total. The current price of $9.72 sits near the lower end of the 52-week range ($9.32–$11.43) and -15.0% from the 52-week high, indicating the stock has faced headwinds over the past several months. Her prior buy at this ticker on 2024-11-13 experienced a -0.9% return over 90 days, and across her cross-ticker track record, her 5 prior buys averaged -0.9% over 90 days with a 0.00% win rate, suggesting her open-market purchases have not historically been well-timed. The timing and magnitude of this purchase provide limited evidence of conviction relative to her historical buying patterns.

Director Nancy Yao purchased 1,000 shares of VFL at $10.63 on 2024-11-13; initial position (1,000 shares post-transaction).

Nancy Yao, a Director, established a new position of 1,000 shares in abrdn National Municipal Income Fund (VFL) at $10.63 per share on 2024-11-13, representing a first-time holding. This was a modest, initial purchase with no prior holdings at this ticker. The purchase price of $10.63 compares to the current price of $10.66, and occurs within the 52-week trading range of $8.79–$11.43. The transaction itself carries limited weight given its small size and the absence of any prior engagement by this director at this fund.

Director Maher Bill purchased 2,000 shares of abrdn National Municipal Income Fund (VFL) at $10.99, raising stake to 3,028 shares (+194.4%).

Maher Bill increased his holding in VFL by 2,000 shares on 2024-08-14 for $21,980.00, more than doubling his position from 1,028 to 3,028 shares. His prior buy at this ticker on 2023-12-28 produced a +1.0% 90-day return, consistent with his cross-ticker track record showing an 80% win rate over 90 days with a +0.7% average return. The current price of $11.11 stands at the 52-week high, and the stock has appreciated 5.1% in the past 30 days and 7.4% over 90 days, placing this purchase near the peak of recent range activity. The timing and magnitude of this purchase warrant attention in the context of the fund's recent price momentum and the director's demonstrated historical accuracy with similar accumulations.