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

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AllianceBernstein National Municipal Income Fund (NYSE: AFB) reported a net asset value of $13.13 per share for the third fiscal quarter ending July 31, 2022, with total net assets rising to $377,335,035 from $373,215,526 on April 30, 2022. The total net investment income for the quarter was $3,877,740 or $0.13 per share. However, the fund recorded a total net realized and unrealized loss of $4,104,226 or $0.14 per share, reflecting potential challenges for investors.

Positive

• Total net assets increased to $377,335,035 from $373,215,526.
• Net asset value per share rose to $13.13.

Negative

• Total net investment income decreased to $3,877,740 from $4,514,037 in the previous quarter.
• Total net realized and unrealized loss was $4,104,226.

 NEW YORK, Sept. 30, 2022  /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB), a registered closed‑end investment company, today announced earnings for the Fund's third fiscal quarter ended July 31, 2022.

Total net assets of the Fund* on July 31, 2022 were $377,335,035 as compared with $373,215,526 on April 30, 2022, and $451,756,769 on July 31, 2021. On July 31, 2022, the net asset value per share of common stock was $13.13 based on 28,744,936 shares of common stock outstanding.

	July 31, 2022	April 30, 2022	July 31, 2021
Total Net Assets	$377,335,035	$373,215,526	$451,756,769
NAV Per Share	$13.13	$12.98	$15.72
Shares Outstanding	28,744,936	28,744,936	28,744,936

For the period May 1, 2022 through July 31, 2022, total net investment income was $3,877,740 or $0.13 per share of common stock. The total net realized and unrealized loss was $4,104,226 or $0.14 per share of common stock for the same period.

	Third Quarter Ended July 31, 2022	Second Quarter Ended April 30, 2021	Third Quarter Ended July 31, 2021
Total Net Investment Income	$3,877,740	$4,514,037	$4,468,329
Per Share	$0.13	$0.16	$0.16
Total Net Realized/   Unrealized Gain (Loss)	$4,104,226	($49,418,558)	$6,433,850
Per Share	$0.14	($1.72)	$0.22

* 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-third-quarter-earnings-301638285.html

SOURCE AllianceBernstein National Municipal Income Fund, Inc.

FAQ

What are the latest earnings results for AFB?

AFB reported total net investment income of $3,877,740 or $0.13 per share for the third quarter ending July 31, 2022.

How did AFB's net assets perform in the recent quarter?

AFB's total net assets increased to $377,335,035 as of July 31, 2022, compared to $373,215,526 on April 30, 2022.

What is the net asset value per share for AFB?

As of July 31, 2022, AFB's net asset value per share was $13.13.

What was the unrealized loss reported by AFB?

AFB reported a total net realized and unrealized loss of $4,104,226 or $0.14 per share for the third quarter.