AllianceBernstein National Municipal Income Fund, Inc. Reports First Quarter Earnings

Rhea-AI Summary

AllianceBernstein National Municipal Income Fund (NYSE: AFB) announced earnings for Q1 ended January 31, 2021. Total net assets increased to $448.54 million from $429.46 million in Q4 2020. The net asset value per share is $15.60. For the period, total net investment income reached $4.60 million ($0.16 per share), and the total net realized and unrealized gain was $19.12 million ($0.67 per share). The fund's shares outstanding remain constant at 28,744,936.

Positive

• Total net assets increased by $19.08 million compared to the previous quarter.
• Net asset value per share rose to $15.60 from $14.94.
• Total net investment income increased from $4.43 million to $4.60 million year-over-year.

Negative

• None.

NEW YORK, March 26, 2021 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB), a registered closed-end investment company, today announced earnings for the Fund's first fiscal quarter ended January 31, 2021.

Total net assets of the Fund* on January 31, 2021 were $448,543,964 as compared with $429,461,776 on October 31, 2020, and $448,877,397 on January 31, 2020. On January 31, 2021, the net asset value per share of common stock was $15.60 based on 28,744,936 shares of common stock outstanding.

	January 31, 2021	October 31, 2020	January 31, 2020
Total Net Assets	$448,543,964	$429,461,776	$448,877,397
NAV Per Share	$15.60	$14.94	$15.62
Shares Outstanding	28,744,936	28,744,936	28,744,936

For the period November 1, 2020 through January 31, 2021, total net investment income was $4,596,447 or $0.16 per share of common stock. The total net realized and unrealized gain was $19,115,976 or $0.67 per share of common stock for the same period.

	First Quarter Ended January 31, 2021	Fourth Quarter Ended October 31, 2020	First Quarter Ended January 31, 2020
Total Net Investment Income	$4,596,447	$4,428,309	$4,089,275
Per Share	$0.16	$0.15	$0.14
Total Net Realized/   Unrealized Gain (Loss)	$19,115,976	($9,000,579)	10,900,969
Per Share	$0.67	($0.31)	$0.38

* Total net assets include assets attributable to both common and preferred shares.

AllianceBernstein National Municipal Income Fund, Inc. is managed by AllianceBernstein L.P.

View original content:http://www.prnewswire.com/news-releases/alliancebernstein-national-municipal-income-fund-inc-reports-first-quarter-earnings-301256881.html

SOURCE AllianceBernstein National Municipal Income Fund, Inc.

FAQ

What are the earnings for AllianceBernstein National Municipal Income Fund (AFB) for Q1 2021?

For Q1 2021, AFB reported total net investment income of $4.60 million, equating to $0.16 per share.

What was the total net asset value of AFB as of January 31, 2021?

As of January 31, 2021, the total net assets of AFB were $448.54 million.

How did AFB's net asset value per share change in Q1 2021?

The net asset value per share for AFB increased to $15.60 in Q1 2021 from $14.94 in the previous quarter.

What was the total net realized and unrealized gain for AFB in Q1 2021?

AFB reported a total net realized and unrealized gain of $19.12 million, or $0.67 per share, for Q1 2021.