Welcome to our dedicated page for AllianceBernstein National Municipal Income Fund news (Ticker: AFB), a resource for investors and traders seeking the latest updates and insights on AllianceBernstein National Municipal Income Fund stock.
AllianceBernstein National Municipal Income Fund, Inc. reports developments as a registered closed-end municipal income fund managed by AllianceBernstein L.P. The fund seeks high current income exempt from regular federal income tax by investing primarily in municipal securities that pay federally tax-exempt interest.
Recurring news for AFB centers on quarterly fund earnings, net investment income, realized and unrealized gains or losses, total net assets, net asset value per share and common shares outstanding. Company updates also cover fund leverage and capital-structure actions, including the completed redemption of 2018 Variable Rate MuniFund Term Preferred Shares and the use of tender option bond trusts as substitute leverage.
AllianceBernstein National Municipal Income Fund (NYSE: AFB) reported a decline in total net assets to $324.48 million as of October 31, 2022, down from $438.68 million a year prior. The net asset value per share also dropped to $11.29.
For Q4, 2022, the fund generated $3.48 million in net investment income, equivalent to $0.12 per share. However, it reported a significant net loss of $52.47 million or ($1.83) per share, highlighting challenges in performance.
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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.
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