Welcome to our dedicated page for AllianceBernstein Nat Muni news (Ticker: AFB), a resource for investors and traders seeking the latest updates and insights on AllianceBernstein Nat Muni stock.
Alliance National Municipal Income Fund, Inc. (NYSE: AFB), also referred to as AllianceBernstein National Municipal Income Fund, Inc., is a registered closed‑end investment company that regularly issues detailed earnings and capital structure updates. The fund is managed by AllianceBernstein L.P. and focuses on municipal income, with an investment objective described as seeking high current income exempt from regular federal income tax through investment in municipal securities that pay interest exempt from federal income tax.
The news flow for AFB prominently features quarterly earnings announcements. These releases summarize total net assets, net asset value (NAV) per share of common stock, total net investment income, and total net realized and unrealized gains or losses for each fiscal quarter. They also clarify that total net assets include assets attributable to both common and preferred shares, giving investors a structured view of the fund’s financial position over time.
Another recurring theme in AFB’s news is information about its leverage and capital structure. Recent press releases have described the fund’s plan to redeem all of its outstanding 2018 Variable Rate MuniFund Term Preferred Shares and the subsequent completion of that full redemption. The fund has explained that it used proceeds from the creation of tender option bond ("TOB") trusts to carry out this redemption and that the TOB trusts serve as substitute leverage.
On this news page, readers can review these types of announcements, including earnings updates and disclosures about preferred share redemptions and TOB trusts. For investors following municipal bond funds and tax‑exempt income strategies, AFB’s news provides insight into how the fund reports its results and manages its leverage framework over time.
AllianceBernstein National Municipal Income Fund (NYSE: AFB) intends to redeem all outstanding 2018 Variable Rate MuniFund Term Preferred Shares at a redemption price of $25,000 per share, plus accumulated unpaid dividends. The aggregate redemption payment is $88.275 million. The Fund plans to effect the full redemption on or about October 27, 2025, subject to notice requirements and conditioned on the successful creation of tender option bond (TOB) trusts.
If completed, the TOB trusts will provide substitute leverage and allow the Fund to replace the leverage currently obtained through the 2018 VMTPS. The adviser and board said they believe the transaction is in the Fund's and stockholders' best interests.
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).
AllianceBernstein has announced dividend distributions for two of its closed-end funds. The AllianceBernstein Global High Income Fund (NYSE: AWF) will distribute $0.0655 per share, while the AllianceBernstein National Municipal Income Fund (NYSE: AFB) will distribute $0.04657 per share.
Both distributions are classified as investment income and will share the same important dates: an ex-date and record date of October 2, 2025, with a payment date of October 17, 2025.
AllianceBernstein National Municipal Income Fund (NYSE: AFB) has released its monthly portfolio update as of August 31, 2025, revealing a diversified municipal bond portfolio with $325.11 million in total net assets. The fund maintains a significant leverage ratio of 45.02%, primarily through VRDP Shares (17.77%), VMTP Shares (15.69%), and Tender Option Bonds (11.56%).
The portfolio consists of 175 holdings with an average coupon of 4.69% and effective duration of 11.99 years. Credit quality is concentrated in investment-grade bonds, with 73.24% rated A or higher. Geographic diversification shows the largest exposures in Texas (14.22%), California (9.49%), and Florida (9.43%). The majority of bonds (82.45%) have maturities exceeding 20 years.
[ "Strong credit quality with 73.24% of portfolio rated A or better", "Well-diversified across 37 states, reducing geographic risk", "High-yield average coupon of 4.69%", "Substantial portfolio size of $325.11 million in total net assets" ]AllianceBernstein has announced distribution rates for its closed-end funds. The AllianceBernstein National Municipal Income Fund (NYSE: AFB) will distribute $0.04657 per share of investment income, marking a significant increase of $0.00696 from its previous distribution of $0.03961.
The AllianceBernstein Global High Income Fund (NYSE: AWF) will distribute $0.0655 per share. Both funds' distributions are scheduled for September 19, 2025, with an ex-date and record date of September 4, 2025.
AllianceBernstein National Municipal Income Fund (NYSE: AFB) has released its monthly portfolio update as of July 31, 2025, revealing a diverse municipal bond portfolio with $322.75 million in total net assets. The fund maintains significant leverage at 48.58% of gross assets and holds 173 positions.
The portfolio shows strong geographic diversification across 37 states, with Texas (17.67%), Florida (9.34%), and California (8.09%) representing the largest state allocations. Credit quality is concentrated in investment grade bonds, with 70% rated A or higher. The fund's portfolio is heavily weighted toward longer-duration securities, with 80.72% of holdings having maturities exceeding 20 years.
AllianceBernstein has announced dividend distributions for two of its closed-end funds. The AllianceBernstein Global High Income Fund (NYSE: AWF) will distribute $0.0655 per share, while the AllianceBernstein National Municipal Income Fund (NYSE: AFB) will pay $0.03961 per share. Both distributions are classified as investment income and will be paid on August 22, 2025, with an ex-dividend and record date of August 7, 2025.
AllianceBernstein National Municipal Income Fund (NYSE:AFB) has released its monthly portfolio update as of June 30, 2025, revealing a diverse municipal bond portfolio with $331.36 million in total net assets. The fund maintains significant positions in education and transportation infrastructure bonds, with its top holdings including Melissa Independent School District (1.97%) and Commonwealth of Massachusetts bonds (1.93%).
The portfolio demonstrates strong geographical diversification across 37 states, with Texas (16.57%), Florida (8.60%), and Illinois (8.08%) representing the largest state allocations. The fund maintains a high credit quality profile with 71.65% of holdings rated A or better. Notable portfolio characteristics include a 42.35% total leverage ratio, 17.25 years average maturity, and a net asset value of $11.53.
AllianceBernstein National Municipal Income Fund (NYSE: AFB) reported its second quarter fiscal earnings for the period ended April 30, 2025. The fund's total net assets decreased to $337.9 million from $357.2 million in the previous quarter and $350.6 million year-over-year.
The fund's net asset value (NAV) per share declined to $11.76 from $12.43 in the previous quarter. Total net investment income was $3.36 million ($0.12 per share), while the fund recorded a significant net realized and unrealized loss of $19.05 million ($0.66 per share).
AllianceBernstein has announced distribution rates for two of its closed-end funds. The AllianceBernstein Global High Income Fund (NYSE: AWF) will distribute $0.0655 per share, while the AllianceBernstein National Municipal Income Fund (NYSE: AFB) will distribute $0.03961 per share of investment income.
Both distributions are scheduled for payment on July 18, 2025, with ex-date and record date set for July 3, 2025. The funds are managed by AllianceBernstein L.P.
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