ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND (AFB) Company Report

AllianceBernstein National Municipal Income Fund, Inc. (AFB) announced earnings for its fourth fiscal quarter ended October 31, 2025.
The Fund's total net assets were $350,811,480 on October 31, 2025, an increase from $322,750,581 on July 31, 2025.
Net asset value per share was $12.20 as of October 31, 2025.
For the fourth quarter (August 1, 2025 through October 31, 2025), total net investment income was $3,811,647 ($0.13 per share).
The Fund reported a total net realized and unrealized gain of $28,025,102 ($0.97 per share) for the same period.

Dec 26, 2025, 9:06 PM

AllianceBernstein National Municipal Income Fund Redeems Preferred Shares and Establishes TOB Trusts

AFB

Debt Issuance

AllianceBernstein National Municipal Income Fund, Inc. (AFB) completed the redemption of all its outstanding 2018 Variable Rate MuniFund Term Preferred Shares (2018 VMTPS) on October 27, 2025.
The aggregate amount paid for the redemption was $88.275 million, plus accumulated but unpaid dividends.
The Fund utilized proceeds from the creation of tender option bond (TOB) trusts to finance this redemption and replace the leverage previously obtained through the 2018 VMTPS.

Oct 27, 2025, 8:06 PM

AllianceBernstein National Municipal Income Fund Announces Increased Distribution Rate

AFB

Dividends

Guidance Update

AllianceBernstein National Municipal Income Fund (AFB) declared a monthly distribution of $0.05018 per share of investment income.
This distribution represents an increase of $0.00361 from the previously paid $0.04657 per share.
The increase is intended to align the Fund's monthly distributions with its current and projected earnings power.
The distribution has an ex-date and record date of November 6, 2025, with the payment date scheduled for November 21, 2025.

Oct 22, 2025, 8:06 PM

AllianceBernstein National Municipal Income Fund Announces Plan to Redeem Preferred Shares and Create TOB Trusts

AFB

Debt Issuance

New Projects/Investments

AllianceBernstein National Municipal Income Fund, Inc. (AFB) intends to redeem all of its outstanding 2018 Variable Rate MuniFund Term Preferred Shares (2018 VMTPS).
The redemption will be funded by proceeds from the successful creation of Tender Option Bond (TOB) trusts.
The aggregate amount to be paid for the redemption of the 2018 VMTPS is $88.275 million, plus accumulated but unpaid dividends, at a price of $25,000 per share.
The Fund expects to redeem the 2018 VMTPS on or about October 27, 2025, replacing the current leverage with proceeds from the TOB trusts.

Oct 8, 2025, 8:06 PM

AllianceBernstein National Municipal Income Fund Reports Third Quarter Earnings

AFB

Earnings

AllianceBernstein National Municipal Income Fund, Inc. reported total net investment income of $4,015,722 or $0.14 per share for the third fiscal quarter ended July 31, 2025.
For the same period, the Fund experienced a total net realized and unrealized loss of ($15,775,819) or ($0.55) per share.
Total net assets were $322,750,581 on July 31, 2025, a decrease from $337,926,439 on April 30, 2025, and $363,570,286 on July 31, 2024.
The net asset value per share stood at $11.23 on July 31, 2025, compared to $11.77 on April 30, 2025, and $12.65 on July 31, 2024.

Sep 26, 2025, 8:06 PM

AllianceBernstein National Municipal Income Fund, Inc. Releases Monthly Portfolio Update

AFB

The AllianceBernstein National Municipal Income Fund, Inc. released its monthly portfolio update as of August 31, 2025, reporting Total Net Assets of $325.11 Million.
The fund's Total Fund Leverage was 45.02%, and its Effective Duration stood at 11.99 Years.
The portfolio's largest bond maturity concentrations were 20 to 30 Years (59.89%) and more than 30 Years (22.56%).
The primary credit quality allocations were AA (36.20%) and A (25.02%), with top state exposures in Texas (14.22%), California (9.49%), and Florida (9.43%).

Sep 22, 2025, 8:06 PM

AllianceBernstein National Municipal Income Fund Announces Increased Distribution Rate

AFB

Dividends

AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) declared a distribution of $0.04657 per share of investment income.
The ex-date and record date for this distribution are September 4, 2025, with a payment date of September 19, 2025.
This distribution rate marks an increase of $0.00696 from the previously paid $0.03961 per share.
The increase is intended to align the Fund's monthly distributions with its current and projected earnings power.

Aug 25, 2025, 8:06 PM

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