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 for the period ended July 31, 2024. The Fund's total net assets increased to $363,570,286, up from $350,576,798 on April 30, 2024, and $355,617,637 on July 31, 2023. The net asset value per share rose to $12.65, based on 28,744,936 outstanding shares.

For the quarter, the Fund reported total net investment income of $3,056,703 or $0.11 per share. The total net realized and unrealized gain was $12,753,214 or $0.44 per share. This marks a significant improvement from the previous quarter's loss of $13,883,276 or $0.48 per share, and the year-ago quarter's loss of $793,105 or $0.03 per share.

Positive

• Total net assets increased to $363,570,286, up from $350,576,798 in the previous quarter
• Net asset value per share rose to $12.65 from $12.20 in the previous quarter
• Total net investment income increased to $3,056,703 from $2,807,884 in the previous quarter
• Total net realized and unrealized gain of $12,753,214, compared to losses in previous periods

Negative

• None.

NEW YORK, Sept. 27, 2024 /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, 2024.

Total net assets of the Fund* on July 31, 2024 were $363,570,286 as compared with $350,576,798 on April 30, 2024, and $355,617,637 on July 31, 2023. On July 31, 2024, the net asset value per share of common stock was $12.65 based on 28,744,936 shares of common stock outstanding.

	July 31, 2024	April 30, 2024	July 31, 2023
Total Net Assets	$363,570,286	$350,576,798	$355,617,637
NAV Per Share	$12.65	$12.20	$12.37
Shares Outstanding	28,744,936	28,744,936	28,744,936

 

For the period May 1, 2024 through July 31, 2024, total net investment income was $3,056,703 or $0.11 per share of common stock. The total net realized and unrealized gain was $12,753,214 or $0.44 per share of common stock for the same period.

	Third Quarter Ended July 31, 2024	Second Quarter Ended April 30, 2024	Third Quarter Ended July 31, 2023
Total Net Investment Income	$3,056,703	$2,807,884	$2,767,045
Per Share	$0.11	$0.10	$0.10
Total Net Realized/   Unrealized Gain (Loss)	$12,753,214	($13,883,276)	($793,105)
Per Share	$0.44	($0.48)	($0.03)

* 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-302261299.html

SOURCE AllianceBernstein National Municipal Income Fund, Inc.

FAQ

What was AFB's net asset value per share on July 31, 2024?

AllianceBernstein National Municipal Income Fund (AFB) reported a net asset value per share of $12.65 on July 31, 2024.

How much was AFB's total net investment income for the third quarter of 2024?

AFB's total net investment income for the third quarter ended July 31, 2024, was $3,056,703 or $0.11 per share of common stock.

What was the total net realized and unrealized gain for AFB in the third quarter of 2024?

AFB reported a total net realized and unrealized gain of $12,753,214 or $0.44 per share for the third quarter ended July 31, 2024.

How did AFB's total net assets change from April 30, 2024 to July 31, 2024?

AFB's total net assets increased from $350,576,798 on April 30, 2024, to $363,570,286 on July 31, 2024.