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

Rhea-AI Summary

AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) reported total net assets of $451,756,769 as of July 31, 2021, up from $445,447,456 on April 30, 2021. The net asset value per share increased to $15.72 from $15.50. For the third fiscal quarter, total net investment income was $4,468,329 or $0.16 per share. The fund realized and unrealized gains totaled $6,433,850, equating to $0.22 per share. These figures indicate strong performance compared to previous quarters.

Positive

• Total net assets increased to $451,756,769 from $445,447,456.
• Net asset value per share rose to $15.72 from $15.50.
• Total net investment income held steady at $4,468,329 or $0.16 per share.

Negative

• Total net investment income decreased from $4,589,414 in Q2 2021.
• Total net realized and unrealized gains down significantly from $39,629,577 in Q3 2020.

NEW YORK, Sept. 24, 2021 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB), a registered closed–end investment company, today announced earnings for the Fund's third fiscal quarter ended July 31, 2021.

Total net assets of the Fund* on July 31, 2021 were $451,756,769 as compared with $445,447,456 on April 30, 2021, and $438,626,913 on July 31, 2020. On July 31, 2021, the net asset value per share of common stock was $15.72 based on 28,744,936 shares of common stock outstanding.

	July 31, 2021	April 30, 2021	July 31, 2020
Total Net Assets	$451,756,769	$445,447,456	$438,626,913
NAV Per Share	$15.72	$15.50	$15.26
Shares Outstanding	28,744,936	28,744,936	28,744,936

For the period May 1, 2021 through July 31, 2021, total net investment income was $4,468,329 or $0.16 per share of common stock. The total net realized and unrealized gain was $6,433,850 or $0.22 per share of common stock for the same period.

	Third Quarter Ended July 31, 2021	Second Quarter Ended April 30, 2021	Third Quarter Ended July 31, 2020
Total Net Investment          Income	$4,468,329	$4,589,414	$4,698,453
Per Share	$0.16	$0.16	$0.16
Total Net Realized/   Unrealized Gain (Loss)	$6,433,850	($2,932,800)	$39,629,577
Per Share	$0.22	($0.10)	$1.38

* 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:https://www.prnewswire.com/news-releases/alliancebernstein-national-municipal-income-fund-inc-reports-third-quarter-earnings-301384933.html

SOURCE AllianceBernstein National Municipal Income Fund, Inc.

FAQ

What were the earnings for AFB's third quarter ended July 31, 2021?

AFB reported a total net investment income of $4,468,329 or $0.16 per share.

How did AFB's net assets change from April 30, 2021 to July 31, 2021?

Net assets increased from $445,447,456 to $451,756,769 during this period.

What was the net asset value per share for AFB as of July 31, 2021?

The net asset value per share was $15.72 as of July 31, 2021.

What were the total net realized and unrealized gains for AFB in Q3 2021?

Total net realized and unrealized gains were $6,433,850 or $0.22 per share.