Jeffrey Holland

About Jeffrey R. Holland

Jeffrey R. Holland, age 59, is an Independent Director of AllianceBernstein National Municipal Income Fund, Inc. (AFB) and AllianceBernstein Global High Income Fund, Inc., appointed effective January 1, 2025; he is standing for election as a Class One Director with a term ending at the 2028 annual meeting if elected . He previously served as General Partner (2006–2013) and Limited Partner (2014–2018) of Brown Brothers Harriman & Co., and is a private investor since prior to 2020 . Holland serves on the Audit Committee, Governance and Nominating Committee, and Independent Directors Committee of each Fund and is classified as an Independent Director under the 1940 Act .

Past Roles

External Roles

Board Governance

• Independent Chair of the Board; committees composed exclusively of Independent Directors; executive sessions of Independent Directors at every Board meeting .
• Classified Board structure (three classes, staggered terms), noted as an anti-takeover provision maintaining continuity of management .
• Board met four times in FY 2024 for both funds; no policy requiring Directors to attend annual stockholder meetings .
• Governance & Nominating Committee annually reviews Director performance including attendance, preparation, and engagement .
• Board size reduced from eight to seven effective January 1, 2025 .

Fixed Compensation

Performance Compensation

• The proxy’s Board Compensation section presents aggregate board compensation and states no pension/retirement benefits were provided in 2024 (aside from a one-time payment to two retirees); it does not disclose any equity awards, option awards, or performance-based metrics for Directors .

Other Directorships & Interlocks

Expertise & Qualifications

• Holland brings senior financial services experience, including provision of custody and other services to investment funds globally, and audit oversight leadership as prior Audit Committee Chair of SCB Funds and AMMAF .
• He has served as director/trustee across the AB Funds Complex since January 2025, evidencing broad fund governance exposure .

Equity Ownership

Governance Assessment

• Independence and committee breadth: Holland is an Independent Director and serves on all three key committees (Audit; Governance & Nominating; Independent Directors Committee), signaling strong engagement in core oversight areas .

• Tenure and continuity: As a new appointee effective January 1, 2025 with two months of service as of the proxy date, his fund-specific track record is limited but paired with prior audit leadership experience at SCB Funds and AMMAF .

• Ownership alignment: He reported no direct holdings in the Funds as of December 31, 2024, while having aggregate holdings across the AB Funds Complex over $100,000; Directors and officers as a group owned <1% of shares, which may temper perceived alignment at the fund level .

• Board structure and independence: The Board is led by an Independent Chair, holds executive sessions of Independent Directors at every meeting, and employs independent counsel—factors supportive of effective oversight .

• Meeting cadence: The Board met four times in FY 2024; audit and independent director committees were active (3–9 meetings), indicating a robust oversight cadence; individual attendance rates are reviewed by the Governance & Nominating Committee but not disclosed .

• Potential conflicts: The Adviser (AllianceBernstein L.P.) is an affiliate of each Fund and there are “Interested Directors” on the Board; Holland is independent and not affiliated with the Adviser .

• Board changes: Reduction in Board size from eight to seven effective January 1, 2025 may enhance focus and decision-making, though the classified structure can entrench continuity (anti-takeover effect) .

• RED FLAGS

  • No personal holdings in the Funds as of December 31, 2024 (alignment consideration) .
  • Classified Board structure noted as an anti-takeover provision (potential entrenchment risk) .