Welcome to our dedicated page for AllianceBernstein Nat Muni news (Ticker: AFB), a resource for investors and traders seeking the latest updates and insights on AllianceBernstein Nat Muni stock.
Alliance National Municipal Income Fund, Inc. (NYSE: AFB), also referred to as AllianceBernstein National Municipal Income Fund, Inc., is a registered closed‑end investment company that regularly issues detailed earnings and capital structure updates. The fund is managed by AllianceBernstein L.P. and focuses on municipal income, with an investment objective described as seeking high current income exempt from regular federal income tax through investment in municipal securities that pay interest exempt from federal income tax.
The news flow for AFB prominently features quarterly earnings announcements. These releases summarize total net assets, net asset value (NAV) per share of common stock, total net investment income, and total net realized and unrealized gains or losses for each fiscal quarter. They also clarify that total net assets include assets attributable to both common and preferred shares, giving investors a structured view of the fund’s financial position over time.
Another recurring theme in AFB’s news is information about its leverage and capital structure. Recent press releases have described the fund’s plan to redeem all of its outstanding 2018 Variable Rate MuniFund Term Preferred Shares and the subsequent completion of that full redemption. The fund has explained that it used proceeds from the creation of tender option bond ("TOB") trusts to carry out this redemption and that the TOB trusts serve as substitute leverage.
On this news page, readers can review these types of announcements, including earnings updates and disclosures about preferred share redemptions and TOB trusts. For investors following municipal bond funds and tax‑exempt income strategies, AFB’s news provides insight into how the fund reports its results and manages its leverage framework over time.
AllianceBernstein National Municipal Income Fund (NYSE: AFB) released its monthly portfolio update as of November 30, 2025 with portfolio details published Dec 29, 2025. Key facts: Total Net Assets $349.99 million, NAV $12.18, Total Fund Leverage 40.43% (23.05% tender option bonds; 17.38% VRDPs). Portfolio statistics include Average Coupon 4.96%, Effective Duration 11.57 years, Average Maturity 13.26 years, and Portfolio Turnover 32%. Top sector exposure is Revenue bonds 62.96%; top states by weight are Texas 14.45%, California 8.95%, and Florida 8.58%. Credit quality: AAA 12.40%, AA 38.51%, A 19.95%.
AllianceBernstein Closed-End Funds (NYSE:AFB) announced distribution rates effective January 2026 for two funds. AllianceBernstein National Municipal Income Fund (AFB) will pay $0.05018 per share of investment income with an ex-date and record date of 1/8/2026 and payment date 1/16/2026. AllianceBernstein Global High Income Fund (AWF) will pay $0.0167 per share of investment income on the same dates and payment date. The AWF distribution is described as a partial payment of the $0.0655 January 2026 distribution.
AllianceBernstein National Municipal Income Fund (NYSE: AFB) reported results for its fiscal quarter ended October 31, 2025. Total net assets were $350,811,480 and NAV per share was $12.20 based on 28,744,936 shares outstanding.
For the period August 1–October 31, 2025, total net investment income was $3,811,647 ($0.13 per share) and total net realized and unrealized gain was $28,025,102 ($0.97 per share), reversing the prior quarter's net loss position.
AllianceBernstein Closed-End Funds (NYSE:AFB, NYSE:AWF) declared distributions on Nov 24, 2025 for two funds. Both funds have an ex-date and record date of 12/4/2025 and a payment date of 12/19/2025.
- AWF: $0.0655 per share of investment income.
- AFB: $0.05018 per share of investment income.
Distributions are described as investment income. The funds are managed by AllianceBernstein L.P.
AllianceBernstein National Municipal Income Fund (NYSE: AFB) released its monthly portfolio update as of October 31, 2025. Key metrics: Total net assets $350.77 million, Common stock NAV $12.20, Total fund leverage 40.87% (22.80% tender option bonds, 17.23% VRDPs, 0.84% investment operations), Average coupon 5.05%, Average maturity 13.17 years, and Effective duration 11.48 years. Portfolio is concentrated in revenue bonds (62.99%) with top sectors: health care 13.30% and airport 10.25%. Total holdings: 171; portfolio turnover: 32%.
AllianceBernstein National Municipal Income Fund (NYSE: AFB) released its monthly portfolio update as of September 30, 2025. The Fund reports Total Net Assets of $344.45 million and a Common Stock NAV of $11.98.
Key portfolio metrics: Total fund leverage 39.51%, Effective duration 12.82 years, Average maturity 14.31 years, and AMT percent 20.83%. Credit quality is concentrated in AAA/AA (50.6%) and long-dated bonds (60.94% in 20–30 year maturities).
AllianceBernstein National Municipal Income Fund (NYSE: AFB) announced on October 27, 2025 that it completed the full redemption of its outstanding 2018 Variable Rate MuniFund Term Preferred Shares (2018 VMTPS) at a redemption price of $25,000 per share, plus accumulated but unpaid dividends. The aggregate amount paid for the redemption was $88.275 million, plus accumulated but unpaid dividends.
The Fund said it used proceeds from the creation of tender option bond (TOB) trusts to effect the redemption and to replace the leverage previously provided by the 2018 VMTPS.
AllianceBernstein National Municipal Income Fund (NYSE: AFB) declared a monthly distribution of $0.05018 per share, payable on Nov 21, 2025 to shareholders of record on Nov 6, 2025. The distribution rate for AFB represents an increase of $0.00361 from the prior payment of $0.04657. In the same announcement AllianceBernstein Global High Income Fund (NYSE: AWF) declared a distribution of $0.0655 per share with the same ex‑date, record date and payment date. The funds are managed by AllianceBernstein L.P.
AllianceBernstein National Municipal Income Fund (NYSE: AFB) intends to redeem all outstanding 2018 Variable Rate MuniFund Term Preferred Shares at a redemption price of $25,000 per share, plus accumulated unpaid dividends. The aggregate redemption payment is $88.275 million. The Fund plans to effect the full redemption on or about October 27, 2025, subject to notice requirements and conditioned on the successful creation of tender option bond (TOB) trusts.
If completed, the TOB trusts will provide substitute leverage and allow the Fund to replace the leverage currently obtained through the 2018 VMTPS. The adviser and board said they believe the transaction is in the Fund's and stockholders' best interests.
AllianceBernstein National Municipal Income Fund (NYSE: AFB) reported its third fiscal quarter earnings ended July 31, 2025. The fund's total net assets decreased to $322.75 million, down from $337.93 million in the previous quarter and $363.57 million year-over-year.
The fund's net asset value (NAV) per share declined to $11.23 from $11.77 in the previous quarter and $12.65 year-over-year. Total net investment income was $4.02 million ($0.14 per share), improving from $3.36 million ($0.12 per share) in Q2 and $3.06 million ($0.11 per share) year-over-year. However, the fund recorded a total net realized and unrealized loss of $15.78 million (-$0.55 per share).
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