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

Rhea-AI Summary

AllianceBernstein National Municipal Income Fund (NYSE: AFB) reported its second fiscal quarter results for the period ending April 30, 2022.

The Fund's total net assets decreased to $373,215,526 from $422,744,994 in January 2022. The net asset value per share was $12.98. During this quarter, total net investment income was $4,514,037 or $0.16 per share. However, the Fund faced a significant total net realized and unrealized loss of ($49,418,558), translating to ($1.72) per share.

Positive

• Total net investment income increased to $4,514,037 from $4,421,682 in the previous quarter.
• NAV per share at $12.98, indicating stability despite asset value fluctuations.

Negative

• Total net assets decreased by approximately $49.5 million compared to the last quarter.
• Significant total net realized and unrealized losses of ($49,418,558) per share.

NEW YORK, June 24, 2022 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB), a registered closed‑end investment company, today announced earnings for the Fund's second fiscal quarter ended April 30, 2022.

Total net assets of the Fund* on April 30, 2022 were $373,215,526 as compared with $422,744,994 on January 31, 2022, and $445,447,456 on April 30, 2021. On April 30, 2022, the net asset value per share of common stock was $12.98 based on 28,744,936 shares of common stock outstanding.

	April 30, 2022	January 31, 2022	April 30, 2021
Total Net Assets	$373,215,526	$422,744,994	$445,447,456
NAV Per Share	$12.98	$14.71	$15.50
Shares Outstanding	28,744,936	28,744,936	28,744,936

For the period February 1, 2022 through April 30, 2022, total net investment income was $4,514,037 or $0.16 per share of common stock. The total net realized and unrealized loss was ($49,418,558) or ($1.72) per share of common stock for the same period.

	Second Quarter Ended April 30, 2022	First Quarter Ended January 31, 2021	Second Quarter Ended April 30, 2021
Total Net Investment Income	$4,514,037	$4,421,682	$4,589,414
Per Share	$0.16	$0.15	$0.16
Total Net Realized/   Unrealized Loss	($49,418,558)	($15,766,520)	($2,932,800)
Per Share	($1.72)	($0.55)	($0.10)

* 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-second-quarter-earnings-301575138.html

SOURCE AllianceBernstein National Municipal Income Fund, Inc.

FAQ

What were the earnings for AllianceBernstein National Municipal Income Fund (AFB) in Q2 2022?

In Q2 2022, AFB reported total net investment income of $4,514,037, or $0.16 per share.

How did the total net assets of AFB change in Q2 2022?

Total net assets of AFB decreased to $373,215,526 from $422,744,994 in January 2022.

What was the net asset value (NAV) per share for AFB as of April 30, 2022?

The NAV per share for AFB was $12.98 as of April 30, 2022.

What were the realized and unrealized losses reported by AFB for Q2 2022?

AFB reported total net realized and unrealized losses of ($49,418,558), or ($1.72) per share.