Summary
MFS is merging CXE, CMU, CXH, and VFL into MFM, rebranding as abrdn Municipal Income Fund.
Swapping into CMU from CXE or VFL is recommended, with a 6.6% gross return and 29.4% annualized if the tender reaches 75% uptake.
The merger vote occurs March 11th; failure to approve is the key risk, with the merger expected to close June 1st.
Post-merger, ex…
