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 earnings for its second fiscal quarter ending April 30, 2020. Total net assets decreased to $398,667,599 from $448,877,397 in January 2020. The net asset value per share is now $13.87, down from $15.62. During this quarter, total net investment income was $3,536,783 or $0.12 per share, with a significant net realized and unrealized loss of ($44,635,062) or (1.55) per share.