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

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AllianceBernstein National Municipal Income Fund (NYSE: AFB) reported its fourth fiscal quarter earnings for the period ending October 31, 2021. Total net assets decreased to $438.68 million from $451.76 million in the previous quarter. The net asset value per share fell to $15.26. The fund generated a total net investment income of $4.45 million or $0.15 per share but experienced a total net realized and unrealized loss of $12.93 million, equating to ($0.45) per share.

Positive

• Total net investment income was $4.45 million, $0.15 per share.
• Compared to $4.43 million in the same period last year, indicating stable income.

Negative

• Total net assets decreased from $451.76 million to $438.68 million.
• Net asset value per share decreased from $15.72 to $15.26.
• Total net realized/unrealized loss of $12.93 million, a decline from a gain of $6.43 million in the previous quarter.

NEW YORK, Dec. 31, 2021 /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, 2021.

Total net assets of the Fund* on October 31, 2021 were $438,682,698 as compared with $451,756,769 on July 31, 2021, and $429,461,776 on October 31, 2020. On October 31, 2021, the net asset value per share of common stock was $15.26 based on 28,744,936 shares of common stock outstanding.

	October 31, 2021	July 31, 2021	October 31, 2020
Total Net Assets	$438,682,698	$451,756,769	$429,461,776
NAV Per Share	$15.26	$15.72	$14.94
Shares Outstanding	28,744,936	28,744,936	28,744,936

For the period August 1, 2021 through October 31, 2021, total net investment income was $4,447,825 or $0.15 per share of common stock. The total net realized and unrealized loss was ($12,929,031) or ($0.45) per share of common stock for the same period.

	Fourth Quarter Ended October 31, 2021	Third Quarter Ended July 31, 2021	Fourth Quarter Ended October 31, 2020
Total Net Investment Income	$4,447,825	$4,468,329	$4,428,309
Per Share	$0.15	$0.16	$0.15
Total Net Realized/   Unrealized Gain (Loss)	($12,929,031)	$6,433,850	($9,000,579)
Per Share	($0.45)	$0.22	($0.31)

* 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-301452439.html

SOURCE AllianceBernstein National Municipal Income Fund, Inc.

FAQ

What were the total net assets for AFB as of October 31, 2021?

The total net assets for AllianceBernstein National Municipal Income Fund (AFB) were $438.68 million as of October 31, 2021.

What is the net investment income for AFB reported for Q4 2021?

The net investment income for AllianceBernstein National Municipal Income Fund (AFB) was $4.45 million, or $0.15 per share for the fourth quarter of 2021.

What was the NAV per share for AFB on October 31, 2021?

The net asset value (NAV) per share for AllianceBernstein National Municipal Income Fund (AFB) was $15.26 on October 31, 2021.

How did AFB's assets change from the previous quarter?

AllianceBernstein National Municipal Income Fund (AFB) saw a decrease in total net assets from $451.76 million at the end of July 2021 to $438.68 million at the end of October 2021.

What loss did AFB report for the fourth quarter of 2021?

AllianceBernstein National Municipal Income Fund (AFB) reported a total net realized and unrealized loss of $12.93 million for the fourth quarter of 2021.