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

Rhea-AI Summary

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).

Positive

• Net investment income increased to $4.02 million ($0.14 per share) from $3.06 million ($0.11 per share) year-over-year
• Net investment income per share grew 27% year-over-year

Negative

• Total net assets declined 11.2% year-over-year to $322.75 million
• NAV per share decreased to $11.23 from $12.65 year-over-year
• Reported significant net realized/unrealized loss of $15.78 million in Q3 2025

News Market Reaction

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+0.09% News Effect

On the day this news was published, AFB gained 0.09%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW YORK, Sept. 26, 2025 /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, 2025.

Total net assets of the Fund* on July 31, 2025 were $322,750,581 as compared with $337,926,439 on April 30, 2025, and $363,570,286 on July 31, 2024. On July 31, 2025, the net asset value per share of common stock was $11.23 based on 28,744,936 shares of common stock outstanding.

	July 31, 2025	April 30, 2025	July 31, 2024
Total Net Assets	$322,750,581	$337,926,439	$363,570,286
NAV Per Share	$11.23	$11.77	$12.65
Shares Outstanding	28,744,936	28,744,936	28,744,936

For the period May 1, 2025 through July 31, 2025, total net investment income was $4,015,722 or $0.14 per share of common stock. The total net realized and unrealized loss was ($15,775,819) or ($0.55) per share of common stock for the same period.

	Third Quarter Ended July 31, 2025	Second Quarter Ended April 30, 2025	Third Quarter Ended July 31, 2024
Total Net Investment      Income	$4,015,722	$3,360,878	$3,056,703
Per Share	$0.14	$0.12	$0.11
Total Net Realized/   Unrealized Gain (Loss)	($15,775,819)	($19,051,276)	$12,753,214
Per Share	($0.55)	($0.66)	0.44

* 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-302568323.html

SOURCE AllianceBernstein National Municipal Income Fund, Inc.

FAQ

What were AFB's total net assets in Q3 2025?

AFB reported total net assets of $322.75 million as of July 31, 2025, down from $337.93 million in the previous quarter and $363.57 million year-over-year.

How did AFB's net asset value (NAV) per share change in Q3 2025?

AFB's NAV per share decreased to $11.23 as of July 31, 2025, compared to $11.77 in the previous quarter and $12.65 year-over-year.

What was AFB's net investment income for Q3 2025?

AFB's net investment income was $4.02 million ($0.14 per share) for Q3 2025, an increase from $3.36 million ($0.12 per share) in Q2 2025 and $3.06 million ($0.11 per share) in Q3 2024.

What was AFB's realized and unrealized gain/loss in Q3 2025?

AFB reported a total net realized and unrealized loss of $15.78 million (-$0.55 per share) for Q3 2025.

How many shares of AFB were outstanding as of July 31, 2025?

AFB had 28,744,936 shares of common stock outstanding as of July 31, 2025, unchanged from both the previous quarter and year-ago period.