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

Rhea-AI Summary

AllianceBernstein National Municipal Income Fund (NYSE: AFB) has released its first fiscal quarter earnings report for the period ended January 31, 2025. The Fund's total net assets decreased to $357.19 million, down from $361.43 million in October 2024 and $364.47 million in January 2024.

The Fund reported a net asset value of $12.43 per share based on 28,744,936 outstanding common stock shares. For Q1 FY2025, the Fund generated total net investment income of $3.56 million ($0.12 per share), while experiencing a total net realized and unrealized loss of $4.39 million ($0.15 per share).

Positive

• Net investment income of $3.56 million ($0.12 per share) in Q1 2025

Negative

• Total net assets declined by $4.24 million quarter-over-quarter
• Net realized and unrealized loss of $4.39 million ($0.15 per share)
• Year-over-year decrease in total net assets of $7.28 million

NEW YORK, March 28, 2025 /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, 2025.

Total net assets of the Fund* on January 31, 2025 were $357,190,362 as compared with $361,430,563 on October 31, 2024, and $364,468,619 on January 31, 2024. On January 31, 2025, the net asset value per share of common stock was $12.43 based on 28,744,936 shares of common stock outstanding.

	October 31, 2024	October 31, 2024	January 31, 2024
Total Net Assets	$357,190,362	$361,430,563	$364,468,619
NAV Per Share	$12.43	$12.57	$12.68
Shares Outstanding	28,744,936	28,744,936	28,744,936

For the period November 1, 2024 through January 31, 2025, total net investment income was $3,560,640 or $0.12 per share of common stock. The total net realized and unrealized loss was $4,385,081 or $0.15 per share of common stock for the same period.

	Fourth Quarter Ended October 31, 2024	Fourth Quarter Ended October 31, 2024	First Quarter Ended January 31, 2023
Total Net Investment Income	$3,560,640	$2,985,301	$2,897,982
Per Share	$0.12	$0.10	$0.10
Total Net Realized/   Unrealized Gain (Loss)	($4,385,081)	($2,015,971)	$52,736,537
Per Share	($0.15)	($0.07)	$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.

 

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SOURCE AllianceBernstein National Municipal Income Fund, Inc.

FAQ

What was AFB's net asset value per share as of January 31, 2025?

AFB's net asset value was $12.43 per share as of January 31, 2025.

How much did AllianceBernstein National Municipal Income Fund's total assets decline in Q1 2025?

The Fund's total net assets declined by $4.24 million from $361.43 million in October 2024 to $357.19 million in January 2025.

What was AFB's net investment income per share for Q1 2025?

AFB reported net investment income of $0.12 per share for Q1 2025.

How much unrealized and realized loss did AFB report in Q1 2025?

AFB reported a total net realized and unrealized loss of $4.39 million, or $0.15 per share.

What is the year-over-year change in AFB's total net assets from January 2024 to January 2025?

AFB's total net assets decreased by $7.28 million, from $364.47 million in January 2024 to $357.19 million in January 2025.