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

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AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) reported earnings for the fourth fiscal quarter ended October 31, 2023. Total net assets on October 31, 2023, were $311,650,529, with a net asset value per share of common stock at $10.84. The total net investment income for the period was $2,742,139, while the total net realized and unrealized loss was $43,892,817.

Positive

• Stable net asset value per share of common stock
• Consistent total net assets over the past year
• Sustainable net investment income

Negative

• Decrease in total net assets from the previous quarter
• Significant net realized and unrealized loss for the period

NEW YORK, Dec. 29, 2023 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB), a registered closed‑end investment company, today announced earnings for the Fund's fourth fiscal quarter ended October 31, 2023.

Total net assets of the Fund* on October 31, 2023 were $311,650,529 as compared with $355,617,637 on July 31, 2023, and $324,484,588 on October 31, 2022. On October 31, 2023, the net asset value per share of common stock was $10.84 based on 28,744,936 shares of common stock outstanding.

	October 31, 2023	July 31, 2023	October 31, 2022
Total Net Assets	311,650,529	$355,617,637	$324,484,588
NAV Per Share	$10.84	$12.37	$11.29
Shares Outstanding	28,744,936	28,744,936	28,744,936

 

For the period August 1, 2023 through October 31, 2023, total net investment income was $2,742,139 or $0.10 per share of common stock. The total net realized and unrealized loss was $43,892,817 or $1.53 per share of common stock for the same period.

	Fourth Quarter Ended October 31, 2023	Third Quarter Ended July 31, 2023	Fourth Quarter Ended October 31, 2022
Total Net Investment	$2,742,139	$2,767,045	$3,484,836
Income
Per Share	$0.10	$0.10	$0.12
Total Net Realized/   Unrealized Loss	($43,892,817)	($793,105)	($52,472,826)
Per Share	($1.53)	($0.03)	($1.83)

* 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-fourth-quarter-earnings-302023895.html

SOURCE AllianceBernstein National Municipal Income Fund, Inc.

FAQ

What are the total net assets of AllianceBernstein National Municipal Income Fund, Inc. on October 31, 2023?

The total net assets were $311,650,529.

What was the net asset value per share of common stock on October 31, 2023?

The net asset value per share was $10.84.

What was the total net investment income for the period from August 1, 2023, through October 31, 2023?

The total net investment income was $2,742,139.

What was the total net realized and unrealized loss per share of common stock for the same period?

The total net realized and unrealized loss was $43,892,817 or $1.53 per share of common stock.