VFL - Saba Capital reaches cash tender offer agreement with Delaware Investments National Municipal Income Fund
- Delaware Investments National Municipal Income Fund ( NYSE: VFL ) said it had reached an agreement with Saba Capital Management and certain associated parties to begin cash tender offer for up to 50% of the Fund’s outstanding shares of common stock at a price per share equal to 99% of the Fund’s net asset value per share.
- The Fund will repurchase shares tendered and accepted in the Tender Offer in exchange for cash.
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Saba Capital reaches cash tender offer agreement with Delaware Investments National Municipal Income Fund