abrdn National Municipal Income Fund Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NYSEAM:VFL Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
28 Dec 23	BuyUS$10,190	Charles Maher	Individual		1,000	US$10.19
28 Sep 23	BuyUS$8,671	Todd Reit	Individual		1,000	US$8.67

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of VFL?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	81	0.00066%
Individual Insiders	2,000	0.0163%
Institutions	3,098,241	25.2%
General Public	9,177,681	74.7%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 22.1% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
3.27%	MacKay Shields LLC	401,695	US$4.2m	0%	0.52%
2.01%	Hennion & Walsh Asset Management, Inc.	246,991	US$2.6m	-1.39%	0.14%
1.88%	Saba Capital Management, L.P.	230,266	US$2.4m	0%	0.05%
1.68%	Logan Stone Capital, LLC	205,722	US$2.2m	-12.1%	0.46%
1.53%	RiverNorth Capital Management, LLC	187,326	US$2.0m	0%	0.09%
1.44%	Deschutes Portfolio Strategy, LLC	177,120	US$1.9m	0%	0.87%
1.02%	Guggenheim Partners, LLC	125,416	US$1.3m	-0.38%	0.02%
0.92%	AQR Capital Management, LLC	112,370	US$1.2m	0%	no data
0.88%	Van Eck Associates Corporation	108,569	US$1.1m	14.9%	no data
0.78%	Morgan Stanley, Investment Banking and Brokerage Investments	96,377	US$1.0m	-3.78%	no data
0.78%	Realta Investment Advisors, Inc	95,192	US$1.0m	0%	0.2%
0.63%	Almitas Capital LLC	77,710	US$820.6k	-42.3%	0.24%
0.61%	Wells Fargo & Company, Securities and Brokerage Investments	74,657	US$788.4k	-1.67%	no data
0.53%	Wolverine Asset Management, LLC	64,739	US$683.6k	-39.3%	0.06%
0.52%	Fort Point Capital Partners LLC	63,686	US$672.5k	63.9%	0.09%
0.51%	Allspring Global Investments, LLC	62,017	US$654.9k	0%	no data
0.46%	Thomas J. Herzfeld Advisors, Inc.	56,962	US$601.5k	46.9%	0.21%
0.46%	Wealth Enhancement Advisory Services, LLC	56,510	US$596.7k	-2.31%	no data
0.39%	Robinson Capital Management, LLC	47,837	US$505.2k	-10.2%	0.17%
0.38%	Capital Investment Advisors, LLC	47,000	US$496.3k	18.2%	0.01%
0.31%	Hara Capital LLC	38,200	US$403.4k	-10.3%	0.25%
0.28%	Royal Bank of Canada, Banking & Securities Investments	34,796	US$367.4k	14.4%	no data
0.28%	Berger Financial Group, Inc.	34,227	US$361.4k	-3.63%	0.03%
0.28%	Sightline Wealth Advisors, LLC	33,961	US$358.6k	-7.46%	0.24%
0.27%	Element Wealth, LLC	33,535	US$354.1k	0%	0.22%