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Aberdeen Intermediate Income Fund (MIN) Announces Upcoming Reverse Stock Split

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PHILADELPHIA, Sept. 24, 2026 /PRNewswire/ — The Board of Trustees of Aberdeen Intermediate Income Fund (NYSE: MIN) has approved a 1-for-6 reverse stock split of the Fund’s issued and outstanding common shares.

Under the terms of the transaction, every six common shares will be consolidated into one common share. The transaction will apply equally to all shareholders and will not affect any shareholder’s proportionate ownership interest, other than minor adjustments resulting from the treatment of fractional shares.

The Board approved the reverse stock split to increase the Fund’s per-share market price. The Board believes a higher share price may reduce certain trading and administrative frictions associated with lower-priced securities, increase the Fund’s suitability for certain investment platforms and intermediary programs, and better align the Fund’s share price with industry trading conventions.

The reverse stock split will not affect the Fund’s investment strategy, net assets, or a shareholder’s proportional ownership interest in the Fund, except with respect to the treatment of fractional shares. The reverse stock split is expected to affect only the number of common shares outstanding and the net asset value (“NAV”) and market price per share and is not expected to affect the aggregate value of any shareholder’s investment in the Fund, except for the treatment of fractional shares.

The transaction is expected to become effective prior to the opening of trading on October 8, 2026. Following the transaction, the Fund’s common shares will continue to trade on the New York Stock Exchange under the symbol MIN. A new CUSIP number will be assigned to the Fund.

Ticker

Fund Name

Old CUSIP

New CUSIP

MIN

Aberdeen Intermediate Income Fund

55273C107

55273C206

The reverse stock split will not alter the Fund’s current distribution policy. The Fund will continue to pay distributions at an annual rate of 8.50% based on its average monthly net asset value. The percentage of net asset value used to determine distributions will remain unchanged following the reverse stock split. However, because fewer shares will be outstanding following the reverse stock split, the distribution paid on a per-share basis is expected to increase proportionately, while the overall distribution rate remains unchanged.

Following completion of the transaction, the aggregate value of a shareholder’s investment is not expected to change solely as a result of the reverse stock split, although the market value of Fund shares will continue to fluctuate based on market conditions. No fractional shares will be issued. Fractional entitlements will be aggregated and sold, with the net proceeds distributed to affected shareholders in accordance with the terms of the transaction.

Shareholders holding shares through a brokerage account will generally have their holdings adjusted automatically. Shareholders holding physical share certificates or those with questions regarding their account should contact the Fund’s transfer agent, Computershare Trust Company, N.A., at 1-800-647-0584 or visit https://www.us.computershare.com/investor for additional information.

Important Information

Shares of closed-end funds are listed for trading on national securities exchanges and are bought and sold in the secondary market. The market price of a fund’s shares is determined by supply and demand and may be greater than (a “premium”) or less than (a “discount”) the fund’s net asset value (NAV). A fund’s investment return and principal value will fluctuate, and investors may receive more or less than their original investment upon the sale of shares. There is no assurance that a fund will achieve its investment objective. Past performance is not indicative of future results.

The trading price of a closed-end fund’s shares may be influenced by various factors, including market conditions, investor sentiment, and other external forces, and is not directly controlled by the fund, its Board of Directors, or its investment adviser. As a result, shares may trade at a premium to or discount from NAV at any given time. A premium to NAV may not be sustained, and a discount to NAV may increase or decrease over time. Investors should consider these risks when purchasing or selling closed-end fund shares.

Shareholders whose fund shares trade at a premium to NAV and who participate in the fund’s dividend reinvestment plan should be aware that distributions may be reinvested at prices above NAV, which may adversely affect investment results.

About Aberdeen Investments

Aberdeen Investments Global is the trade name of Aberdeen’s investments business, herein referred to as “Aberdeen Investments” or “Aberdeen”. In the United States, Aberdeen Investments refers to the following affiliated, registered investment advisers: abrdn Inc., abrdn Investments Limited, and abrdn Asia Limited.

Aberdeen Investments is among the world’s largest asset managers, with decades of experience overseeing closed-end funds dating back to the 1980s. As of June 30, 2026, the firm had approximately $527 billion in assets under management. Closed-end funds represent a core component of Aberdeen Investments’ client franchise in both the U.S. and global markets. Aberdeen and its affiliates currently manage 28 closed-end funds – 17 available in the U.S. and 11 outside the U.S. – totaling $28.3 billion in assets as of June 30, 2026.

For Shareholders Holding Shares Directly with the Fund (Non-Brokerage Accounts):
Computershare Trust Company, N.A.
1-800-647-0584
Investor Center

For Shareholders Holding Shares Through a Brokerage Account:
Please contact your financial advisor, broker, or the brokerage firm through which your shares are held.

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SOURCE Aberdeen Intermediate Income Fund

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webAI Lands $30 Million AI Deal With Forge as Enterprise AI Services Race Accelerates

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September 24, 2026

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Forge commits $30 million to webAI as the companies partner to build and deploy private, specialized AI systems inside enterprises.

AUSTIN, Texas, Sept. 24, 2026 /PRNewswire/ — webAI today announced a strategic partnership with Forge AI Deployment, which is making a $30 million commitment to webAI to build and deploy private, specialized AI systems for enterprise customers.

The partnership pairs webAI’s collaborative intelligence platform with Forge’s enterprise deployment and services operation. Forge will work directly with customers to build AI systems around their proprietary data, workflows and operations, running on infrastructure those customers control.

The agreement comes as the AI market begins shifting from building increasingly capable general-purpose models to putting specialized intelligence to work inside businesses.

Forge is led by enterprise technology veterans, including founder and CEO John Ezzell, who previously built an Oracle-focused services and reseller business that was acquired by Deloitte. Forge is applying a similar playbook to AI: combining a new technology platform with the implementation, integration and operational expertise required to make it useful inside large organizations.

webAI provides the intelligence layer behind that effort.

Rather than relying solely on a general-purpose model, webAI enables organizations to deploy specialized models around their own data, people and operations. Those models can run across infrastructure the organization controls and collaborate as a system.

Forge will design, deploy and operate those systems for customers, from individual specialized AI Personas to company-wide deployments.

“A general model is only the beginning,” said David Stout, co-founder and CEO of webAI. “Individuals and organizations need intelligence deeply specialized to them. We believe the path to super intelligence (SI) isn’t one model that knows everything; it’s specialized intelligence working together. Collaboration gets us there faster.”

From AI models to AI infrastructure

webAI calls this emerging architecture the decision factory: intelligence built around the unique knowledge, expertise and workflows of an organization and deployed wherever decisions are made.

Instead of relying on a single general-purpose model, specialized AI Personas can operate as domain experts and work together across webAI’s Intelligence Delivery Network (IDN), a private network of compute controlled by the organization.

Forge will take responsibility for turning that technology into working enterprise systems, including architecture, secure deployment, model integration and optimization.

“Enterprises don’t need another AI demo,” said John Ezzell, founder and CEO of Forge AI Deployment. “They need AI that actually works inside their business. The opportunity is to take this technology from experimentation to production, and webAI gives us the infrastructure to do that.”

The partnership also expands webAI’s growing ecosystem of systems integrators, software companies and channel partners building, deploying and distributing specialized AI solutions on its platform across commercial and public-sector markets.

For enterprises, the shift is simple: AI stops being something they subscribe to and becomes intelligence they own.

About webAI
webAI is building collaborative intelligence: a private, local-first approach to AI in which specialized models run close to where work happens and collaborate with one another and the people they support. webAI enables individuals and organizations to create, own and deploy specialized intelligence across their own devices and environments. Headquartered in Austin, Texas, webAI’s mission is to make powerful AI accessible, personal and collaborative. Learn more at webai.com.

About Forge AI Deployment
Forge AI Deployment is an official webAI systems integrator that designs, installs and operates sovereign AI systems inside infrastructure customers control, including enterprise data centers, edge sites and air-gapped or disconnected enclaves. Combining more than two decades of work in high-consequence and Fortune 100 environments with webAI’s local-first platform, Forge provides end-to-end architecture, secure deployment, model integration and optimization while keeping institutional knowledge within the customer’s perimeter.

Media Contact
webAI@pinkston.co

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SOURCE webAI

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NAIC Letter Details Proactive State Oversight of Evolving Insurance Landscape

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September 24, 2026

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WASHINGTON, Sept. 24, 2026 /PRNewswire/ — In response to a letter from U.S. Senator Elizabeth Warren (D-Mass.), state insurance regulators leading the National Association of Insurance Commissioners (NAIC) today detailed how the state-based regulatory framework is evolving alongside insurers’ changing investment strategies, ownership structures, and risk-transfer arrangements.  

“Rather than relying on a static regulatory framework, regulators have regularly updated capital requirements, reporting standards, supervisory tools, and analytical capabilities to address emerging risks while maintaining a consistent focus on insurer solvency and policyholder protection,” said NAIC leadership.

Among other actions, this work includes:

Strengthening asset-adequacy testing through Actuarial Guideline 53 (AG 53) to provide greater consistency in evaluating the risks associated with complex and higher-yielding assets supporting life insurance business.

Intensifying oversight of certain life insurance and annuity reinsurance transactions through Actuarial Guideline 55 (AG 55), including setting higher expectations for asset-adequacy analysis and reserve adequacy.

Instituting a 45% risk-based capital charge for residual interests in structured securities to ensure that capital requirements appropriately recognize investment risk.

Creating a formal process for evaluating whether credit rating providers’ methodologies and rating mappings remain appropriate for regulatory purposes.

As NAIC leaders noted, “State insurance regulators continually evaluate whether the solvency framework appropriately captures emerging and changing risks.”

This adaptive approach, built on collaboration and coordination, has enabled state-based insurance regulation to lead for more than 150 years and will continue to guide it in an ever-changing insurance landscape.

Resources

Full Letter

NAIC Resource Center: Private Credit and Insurance Regulation

State-Based Regulatory Timeline for NAIC’s Solvency Oversight

About the National Association of Insurance Commissioners

As part of our state-based system of insurance regulation in the United States, the National Association of Insurance Commissioners (NAIC) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers. The U.S. standard-setting organization is governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally.

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SOURCE NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS

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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of ServiceTitan, Inc. – TTAN

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September 24, 2026

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NEW YORK, Sept. 24, 2026 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of ServiceTitan, Inc. (“ServiceTitan” or the “Company”) (NASDAQ: TTAN). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

The investigation concerns whether ServiceTitan and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On September 8, 2026, ServiceTitan reported second quarter 2027 earnings. Among other items, the Company reported that “[b]ecause Max” – ServiceTitan’s AI-powered enterprise software package – “requires substantial change management, we typically do not bill subscription fees for the first quarter of an upsell Max contract, and we have also elected not to charge existing customers an onboarding fee when transitioning to Max. As a result of these factors, we expect both our platform revenue and professional services revenue to grow at a slower pace for the remainder of fiscal 2027.” The Company further reported that “[w]e expect the mix shift to Max to lower professional services revenue by roughly an additional $2 million over the remainder of this fiscal year, which, of course, also flows through to professional services gross margin.”

On this news, ServiceTitan’s stock price fell $24.46 per share, or 29.98%, to close at $57.12 per share on September 9, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980

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SOURCE Pomerantz LLP

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