Liquidation: LORD ABBETT MUNICIPAL INCOME FUND INC

Form Type: 497

Filing Date: 2025-02-07

Corporate Action: Liquidation

Type: New

Accession Number: 000093041325000412

Filing Summary: On February 4, 2025, the Board of Directors of Lord Abbett Municipal Income Fund approved a plan of liquidation, allowing the Fund to be liquidated and dissolved. The liquidation is expected to be completed around Spring 2025. As part of this process, any outstanding Fund shares will be automatically redeemed on the Liquidation Date, which will be at the net asset value (NAV) after necessary distributions, expenses, and liabilities have been addressed. Shareholders have options before the Liquidation Date, including exchanging their shares for those of another Lord Abbett Fund, redeeming their shares at NAV, or doing nothing to receive automatic redemption on the Liquidation Date. However, retirement account shareholders who do not take action will have their shares automatically exchanged for shares of Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund. Effective February 7, 2025, the Fund will no longer accept purchase orders or exchange requests.

Form Type: 497K

Filing Date: 2025-02-07

Corporate Action: Liquidation

Type: New

Accession Number: 000093041325000413

Filing Summary: On February 4, 2025, the Board of Directors of Lord Abbett Municipal Income Fund approved a plan of liquidation, which will lead to the liquidation and dissolution of the Fund. The process is expected to be completed around Spring 2025. Any outstanding shares will be automatically redeemed on the Liquidation Date, based on the net asset value after settling necessary dividend distributions and expenses. Shareholders have the option to exchange their shares for those of another Lord Abbett Fund, redeem them at NAV, or do nothing, resulting in automatic redemption at the Liquidation Date. Individual retirement account shareholders will have their shares exchanged for those of the Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund. The Fund will cease accepting purchase orders or exchange requests as of February 7, 2025.