ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND, INC. REPORTS FIRST QUARTER EARNINGS

Rhea-AI Summary

AllianceBernstein National Municipal Income Fund (NYSE: AFB) reported its first fiscal quarter earnings for the period ending January 31, 2023. The Fund's total net assets increased to $363,197,307 from $324,484,588 on October 31, 2022, though down from $422,744,994 a year prior. The net asset value (NAV) per share as of January 31, 2023, was $12.64 based on 28,744,936 shares outstanding. Total net investment income for the quarter was $3,132,331 or $0.11 per share, with a net realized and unrealized gain of $38,745,492 or $1.35 per share.

Positive

• Increase in total net assets to $363,197,307 from $324,484,588.
• Net investment income reported at $3,132,331.

Negative

• Decrease in total net assets compared to $422,744,994 on January 31, 2022.
• Decline in net investment income from $3,484,836 in the previous quarter.

NEW YORK, March 31, 2023 /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, 2023.

Total net assets of the Fund* on January 31, 2023 were $363,197,307 as compared with $324,484,588 on October 31, 2022, and $422,744,994 on January 31, 2022. On January 31, 2023, the net asset value per share of common stock was $12.64 based on 28,744,936 shares of common stock outstanding.

	January 31, 2023	October 31, 2022	January 31, 2022
Total Net Assets	$363,197,307	$324,484,588	$422,744,994
NAV Per Share	$12.64	$11.29	$14.71
Shares Outstanding	28,744,936	28,744,936	28,744,936

For the period November 1, 2022 through January 31, 2023, total net investment income was $3,132,331 or $0.11 per share of common stock. The total net realized and unrealized gain was $38,745,492 or $1.35 per share of common stock for the same period.

	First Quarter Ended January 31, 2023	Fourth Quarter Ended October 31, 2022	First Quarter Ended January 31, 2022
Total Net Investment Income	$3,132,331	$3,484,836	$4,421,682
Per Share	$0.11	$0.12	$0.15
Total Net Realized/   Unrealized Gain (Loss)	$38,745,492	($52,472,826)	($15,766,520)
Per Share	$1.35	($1.83)	($0.55)

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

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

 

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SOURCE AllianceBernstein National Municipal Income Fund, Inc.

FAQ

What were the earnings results for AFB for the first fiscal quarter ending January 31, 2023?

AFB reported total net investment income of $3,132,331 or $0.11 per share.

What is the NAV per share for AFB as of January 31, 2023?

The NAV per share for AFB was $12.64.

How much were AFB's total net assets on January 31, 2023?

AFB's total net assets were $363,197,307.

What was AFB's net realized and unrealized gain for the first quarter?

AFB reported a net realized and unrealized gain of $38,745,492 or $1.35 per share.