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) released its monthly portfolio update as of March 31, 2026. Key portfolio metrics include Total Net Assets $338.21 million, NAV $11.77, Total Fund Leverage 40.63% and Effective Duration 12.60 years.
Top sector weight is Airport 13.48%, AMT exposure is 22.35%, average coupon is 5.09%, and the largest holding is San Francisco Intl Airport Series 2026-2 at 3.68%.
AllianceBernstein National Municipal Income Fund (NYSE: AFB) and AllianceBernstein Global High Income Fund announced that Equitable and Corebridge entered a definitive merger agreement on March 26, 2026, expected to close by the end of 2026.
Closing will be deemed an "assignment" under the 1940 Act, which will automatically terminate each Fund's current investment advisory agreement unless a replacement agreement is approved by each Fund's Board and shareholders before closing.
AllianceBernstein National Municipal Income Fund (NYSE: AFB) reported first fiscal quarter results for the period ended January 31, 2026. Total net assets were $347,515,671 and NAV per share was $12.09 based on 28,744,936 shares outstanding. Total net investment income was $4,775,826 ($0.17 per share) and the Fund recorded a total net realized and unrealized loss of $3,704,332 ($0.13 per share).
Comparative figures: total net assets were $350,811,480 on October 31, 2025 and $357,190,362 on January 31, 2025; NAV per share was $12.20 and $12.43, respectively.
AllianceBernstein National Municipal Income Fund (NYSE: AFB) released its monthly portfolio update as of February 28, 2026. Key portfolio metrics include Total Net Assets $353.27 million, NAV $12.29, Total Fund Leverage 40.05%, Average Coupon 5.32% and Effective Duration 11.55 years.
The portfolio holds 176 securities, with top sector weightings in airport revenue (13.53%) and a credit-quality mix concentrated in AA (39.77%) and A (18.76%).
AllianceBernstein Closed-End Funds (NYSE:AWF, NYSE:AFB) declared distributions on March 23, 2026 for two funds. AWF will pay $0.0655 per share of investment income and AFB will pay $0.05018 per share. Both funds have an ex-date and record date of 4/2/2026 and a payment date of 4/17/2026.
AllianceBernstein Closed-End Funds (NYSE:AFB, AWF) declared distribution rates on Feb 23, 2026. The AllianceBernstein Global High Income Fund (AWF) will pay $0.0655 per share of investment income; the AllianceBernstein National Municipal Income Fund (AFB) will pay $0.05018 per share of investment income.
Both funds share an ex-date and record date of 3/5/2026 and a payment date of 3/20/2026. The funds are managed by AllianceBernstein L.P.
AllianceBernstein National Municipal Income Fund (NYSE: AFB) released its monthly portfolio update as of January 31, 2026. The fund reports $347.52 million total net assets and a common stock NAV of $12.09. Portfolio leverage is 42.51%, effective duration 11.91 years, and average maturity 13.57 years.
Top sector weight is Airport 13.96%, tax-exempt AMT exposure is 22.49%, and credit quality shows AAA/AA at 50.36%. Total holdings: 175, turnover 56%.
AllianceBernstein National Municipal Income Fund (NYSE: AFB) released its monthly portfolio update as of December 31, 2025. The fund reports Total Net Assets of $347.22 million and a Common Stock NAV of $12.08. Portfolio leverage totaled 40.58% (23.13% tender option bonds; 17.45% VRDPs). Key portfolio metrics include Average Coupon 4.88%, Effective Duration 11.82 years, Average Maturity 13.64 years, Portfolio Turnover 56%, and 176 holdings. Credit-quality mix is concentrated in investment-grade: AAA 12.41%, AA 38.08%, and A 19.97%. Sector exposure is weighted toward revenue bonds (Health care not-for-profit 12.77%, Airports 10.26%), and top state exposure is Texas at 14.47%.
AllianceBernstein Closed-End Funds (NYSE:AFB) announced distribution rates for two funds with ex-date 2/5/2026 and payment date 2/20/2026. The AllianceBernstein Global High Income Fund (NYSE:AWF) declared a distribution of $0.0655 per share of investment income. The AllianceBernstein National Municipal Income Fund (NYSE:AFB) declared a distribution of $0.05018 per share of investment income.
Both distributions are payable to shareholders of record as of 2/5/2026. The funds are managed by AllianceBernstein L.P.
AllianceBernstein National Municipal Income Fund (NYSE: AFB) released its monthly portfolio update as of November 30, 2025 with portfolio details published Dec 29, 2025. Key facts: Total Net Assets $349.99 million, NAV $12.18, Total Fund Leverage 40.43% (23.05% tender option bonds; 17.38% VRDPs). Portfolio statistics include Average Coupon 4.96%, Effective Duration 11.57 years, Average Maturity 13.26 years, and Portfolio Turnover 32%. Top sector exposure is Revenue bonds 62.96%; top states by weight are Texas 14.45%, California 8.95%, and Florida 8.58%. Credit quality: AAA 12.40%, AA 38.51%, A 19.95%.