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) 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 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%.
AllianceBernstein Closed-End Funds (NYSE:AFB) announced distribution rates effective January 2026 for two funds. AllianceBernstein National Municipal Income Fund (AFB) will pay $0.05018 per share of investment income with an ex-date and record date of 1/8/2026 and payment date 1/16/2026. AllianceBernstein Global High Income Fund (AWF) will pay $0.0167 per share of investment income on the same dates and payment date. The AWF distribution is described as a partial payment of the $0.0655 January 2026 distribution.
AllianceBernstein National Municipal Income Fund (NYSE: AFB) reported results for its fiscal quarter ended October 31, 2025. Total net assets were $350,811,480 and NAV per share was $12.20 based on 28,744,936 shares outstanding.
For the period August 1–October 31, 2025, total net investment income was $3,811,647 ($0.13 per share) and total net realized and unrealized gain was $28,025,102 ($0.97 per share), reversing the prior quarter's net loss position.
AllianceBernstein Closed-End Funds (NYSE:AFB, NYSE:AWF) declared distributions on Nov 24, 2025 for two funds. Both funds have an ex-date and record date of 12/4/2025 and a payment date of 12/19/2025.
- AWF: $0.0655 per share of investment income.
- AFB: $0.05018 per share of investment income.
Distributions are described as investment income. The funds are managed by AllianceBernstein L.P.
AllianceBernstein National Municipal Income Fund (NYSE: AFB) released its monthly portfolio update as of October 31, 2025. Key metrics: Total net assets $350.77 million, Common stock NAV $12.20, Total fund leverage 40.87% (22.80% tender option bonds, 17.23% VRDPs, 0.84% investment operations), Average coupon 5.05%, Average maturity 13.17 years, and Effective duration 11.48 years. Portfolio is concentrated in revenue bonds (62.99%) with top sectors: health care 13.30% and airport 10.25%. Total holdings: 171; portfolio turnover: 32%.
AllianceBernstein National Municipal Income Fund (NYSE: AFB) released its monthly portfolio update as of September 30, 2025. The Fund reports Total Net Assets of $344.45 million and a Common Stock NAV of $11.98.
Key portfolio metrics: Total fund leverage 39.51%, Effective duration 12.82 years, Average maturity 14.31 years, and AMT percent 20.83%. Credit quality is concentrated in AAA/AA (50.6%) and long-dated bonds (60.94% in 20–30 year maturities).
AllianceBernstein National Municipal Income Fund (NYSE: AFB) announced on October 27, 2025 that it completed the full redemption of its outstanding 2018 Variable Rate MuniFund Term Preferred Shares (2018 VMTPS) at a redemption price of $25,000 per share, plus accumulated but unpaid dividends. The aggregate amount paid for the redemption was $88.275 million, plus accumulated but unpaid dividends.
The Fund said it used proceeds from the creation of tender option bond (TOB) trusts to effect the redemption and to replace the leverage previously provided by the 2018 VMTPS.
AllianceBernstein National Municipal Income Fund (NYSE: AFB) declared a monthly distribution of $0.05018 per share, payable on Nov 21, 2025 to shareholders of record on Nov 6, 2025. The distribution rate for AFB represents an increase of $0.00361 from the prior payment of $0.04657. In the same announcement AllianceBernstein Global High Income Fund (NYSE: AWF) declared a distribution of $0.0655 per share with the same ex‑date, record date and payment date. The funds are managed by AllianceBernstein L.P.
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.