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

NEW YORK, Dec. 30, 2022 /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, 2022.

Total net assets of the Fund* on October 31, 2022 were $324,484,588 as compared with $377,335,035 on July 31, 2022, and $438,682,698 on October 31, 2021. On October 31, 2022, the net asset value per share of common stock was $11.29 based on 28,744,936 shares of common stock outstanding.

	October 31, 2022	July 31, 2022	October 31, 2021
Total Net Assets	$324,484,588	$377,335,035	$438,682,698
NAV Per Share	$11.29	$13.13	$15.26
Shares Outstanding	28,744,936	28,744,936	28,744,936

For the period August 1, 2022 through October 31, 2022, total net investment income was $3,484,836 or $0.12 per share of common stock. The total net realized and unrealized loss was $52,472,826 or $1.83 per share of common stock for the same period.

	Fourth Quarter Ended October 31, 2022	Third Quarter Ended July 31, 2022	Fourth Quarter Ended October 31, 2021
Total Net Investment          Income	$3,484,836	$3,877,740	$4,447,825
Per Share	$0.12	$0.13	$0.15
Total Net Realized/   Unrealized Gain (Loss)	($52,472,826)	$4,104,226	($12,929,031)
Per Share	($1.83)	$0.14	($0.45)

* 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.