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

Rhea-AI Summary

AllianceBernstein National Municipal Income Fund (NYSE: AFB) has released its Q4 2024 earnings report. The Fund's total net assets reached $361.43 million as of October 31, 2024, showing an increase from $311.65 million year-over-year but a slight decrease from $363.57 million in the previous quarter. The net asset value (NAV) per share was $12.57, up from $10.84 in the previous year.

For Q4 2024, the Fund reported total net investment income of $2.99 million ($0.10 per share), compared to $2.74 million ($0.10 per share) in Q4 2023. However, the Fund experienced a total net realized and unrealized loss of $2.02 million ($0.07 per share), which contrasts with a gain of $12.75 million in the previous quarter.

Positive

• Total net assets increased 16% YoY from $311.65M to $361.43M
• NAV per share improved 16% YoY from $10.84 to $12.57
• Net investment income grew 8.9% YoY from $2.74M to $2.99M

Negative

• Quarter-over-quarter decrease in net assets from $363.57M to $361.43M
• Net realized/unrealized loss of $2.02M in Q4 2024 compared to $12.75M gain in Q3
• Net investment income declined from $0.11 to $0.10 per share QoQ

News Market Reaction

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+0.18% News Effect

On the day this news was published, AFB gained 0.18%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW YORK, Dec. 30, 2024 /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, 2024.

Total net assets of the Fund* on October 31, 2024 were $361,430,563 as compared with $363,570,286 on July 31, 2024, and $311,650,529 on October 31, 2023. On October 31, 2024, the net asset value per share of common stock was $12.57 based on 28,744,936 shares of common stock outstanding.

	October 31, 2024	July 31, 2024	October 31, 2023
Total Net Assets	$361,430,563	$363,570,286	$311,650,529
NAV Per Share	$12.57	$12.65	$10.84
Shares Outstanding	28,744,936	28,744,936	28,744,936

For the period August 1, 2024 through October 31, 2024, total net investment income was $2,985,301 or $0.10 per share of common stock. The total net realized and unrealized loss was $2,015,971 or $0.07 per share of common stock for the same period.

	Fourth Quarter Ended October 31, 2024	Third Quarter Ended July 31, 2024	Fourth Quarter Ended October 31, 2023
Total Net Investment          Income	$2,985,301	$3,056,703	$2,742,139
Per Share	$0.10	$0.11	$0.10
Total Net Realized/   Unrealized Gain (Loss)	($2,015,971)	$12,753,214	($43,892,817)
Per Share	($0.07)	$0.44	($1.53)

* 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-302340282.html

SOURCE AllianceBernstein National Municipal Income Fund, Inc.

FAQ

What was AFB's net asset value per share as of October 31, 2024?

AFB's net asset value per share was $12.57 as of October 31, 2024.

How much did AFB's total net assets grow year-over-year in Q4 2024?

AFB's total net assets grew from $311.65 million to $361.43 million, representing a 16% increase year-over-year.

What was AFB's net investment income per share in Q4 2024?

AFB's net investment income was $0.10 per share in Q4 2024.

How did AFB's realized and unrealized gains/losses change from Q3 to Q4 2024?

AFB went from a gain of $12.75 million ($0.44 per share) in Q3 to a loss of $2.02 million ($0.07 per share) in Q4 2024.