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.
AllianceBernstein National Municipal Income Fund, Inc. (AFB) provides investors with timely updates on its municipal securities strategies and tax-exempt income focus. This page aggregates official press releases, SEC filings, and market analyses related to this closed-end fund’s operations.
Access critical updates including quarterly earnings reports, portfolio rebalancing decisions, and capital structure adjustments. Investors will find details on the fund’s use of variable rate preferred shares, tender option bond trust activities, and responses to municipal market conditions.
Key information categories include dividend declarations, regulatory disclosures, and strategic initiatives affecting the fund’s tax-exempt income objectives. All content is sourced from verified corporate communications to ensure accuracy and compliance with financial reporting standards.
Bookmark this page for streamlined access to AFB’s latest developments in municipal bond investing and leverage management strategies. Check regularly for updates impacting income-focused portfolios and tax-advantaged investment approaches.
AllianceBernstein has announced distribution rates for its closed-end funds. The AllianceBernstein Global High Income Fund (AWF) will distribute $0.0655 per share, while the AllianceBernstein National Municipal Income Fund (AFB) will distribute $0.03961 per share of investment income. Both distributions share the same schedule: an ex-date and record date of January 2, 2025, with payment scheduled for January 17, 2025. The funds are managed by AllianceBernstein L.P.
AllianceBernstein National Municipal Income Fund (NYSE: AFB) has released its monthly portfolio update as of November 30, 2024. The fund's total net assets stand at $370.42 Million, with a common stock net asset value of $12.89. The portfolio comprises 166 holdings with a turnover rate of 55.00%.
The fund's top holdings include Lamar Consolidated Independent School District (2.71%) and City of New Orleans LA Series (2.66%). By sector, Healthcare Not-for-Profit leads at 11.37%, followed by Revenue-Miscellaneous at 8.15%. Geographically, Texas dominates with 19.33% allocation, followed by Illinois (8.82%) and New York (7.87%).
Credit quality breakdown shows AA-rated securities at 28.21%, followed by A-rated at 25.37%. The fund maintains 39.31% total leverage, with the majority in VRDP Shares (16.72%) and VMTP Shares (14.76%). The portfolio has an average coupon of 4.49% and an effective duration of 7.96 years.
AllianceBernstein has announced distribution rates for 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. Both distributions are classified as investment income and share the same schedule: ex-date, record date of December 5, 2024, and payment date of December 20, 2024.
AllianceBernstein National Municipal Income Fund [NYSE: AFB] has released its monthly portfolio update as of October 31, 2024. The fund's total net assets stand at $361.43 Million, with a common stock net asset value of $12.57. The portfolio consists of 166 holdings with a turnover rate of 55.00%.
Key portfolio metrics include an average coupon of 4.55%, average maturity of 11.53 years, and effective duration of 8.92 years. The fund maintains significant positions in Texas (19.18%), Illinois (8.73%), and New York (7.71%). Credit quality is predominantly in AA (29.86%) and A (25.06%) rated securities, with the majority of bonds (55.94%) having maturities between 20-30 years.
AllianceBernstein has announced distribution rates for its closed-end funds. The Global High Income Fund (NYSE: AWF) will distribute $0.0655 per share, while the National Municipal Income Fund (NYSE: AFB) will distribute $0.03961 per share. Both distributions are classified as investment income and share the same schedule: ex-date, record date of November 7, 2024, and payment date of November 22, 2024.
AllianceBernstein National Municipal Income Fund (NYSE: AFB) has released its monthly portfolio update as of September 30, 2024. The fund's total net assets stand at $371.52 Million, with a common stock net asset value of $12.92. The portfolio comprises 171 holdings with a 55% turnover rate.
Key portfolio metrics include an average coupon of 4.57%, average maturity of 10.09 years, and effective duration of 8.05 years. The fund maintains significant positions in Texas (19.31%), Illinois (8.77%), and Florida (7.01%). Credit quality is predominantly in AA (29.45%) and A (26.06%) ratings, with 56.06% of bonds maturing in 20-30 years. The total fund leverage is 39.49%, including various financing instruments.
AllianceBernstein National Municipal Income Fund (NYSE: AFB) reported its third fiscal quarter earnings for the period ended July 31, 2024. The Fund's total net assets increased to $363,570,286, up from $350,576,798 on April 30, 2024, and $355,617,637 on July 31, 2023. The net asset value per share rose to $12.65, based on 28,744,936 outstanding shares.
For the quarter, the Fund reported total net investment income of $3,056,703 or $0.11 per share. The total net realized and unrealized gain was $12,753,214 or $0.44 per share. This marks a significant improvement from the previous quarter's loss of $13,883,276 or $0.48 per share, and the year-ago quarter's loss of $793,105 or $0.03 per share.
AllianceBernstein Closed-End Funds has announced distribution rates for two of its funds. AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) will distribute $0.0655 per share of investment income. AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) will distribute $0.03961 per share of investment income, which is an increase of $0.00372 from the previous distribution.
The ex-date, record date, and payment date for both funds are set for October 3, 2024, October 3, 2024, and October 18, 2024, respectively. The increase in AFB's distribution rate is aimed at aligning the Fund's monthly distributions with its current and projected earnings power. Both funds are managed by AllianceBernstein L.P.
AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) has released its monthly portfolio update as of August 31, 2024. The fund's top fixed-income holding is Lamar Consolidated Independent School District Series 2024-2 at 2.71% of the portfolio. The sector breakdown shows Revenue at 51.35% and Tax Supported at 31.19% as the largest categories.
Texas leads the state breakdown at 20.17%, followed by Illinois at 9.38%. The credit quality breakdown indicates AA rated bonds at 29.69% as the largest segment. The majority of bonds (55.34%) have maturities between 20 to 30 years. The fund's total leverage is 39.32%, with VRDP Shares accounting for 16.78%. The fund's total net assets are $365.87 Million, with a common stock net asset value of $12.73.
AllianceBernstein National Municipal Income Fund (NYSE: AFB) has announced a conference call scheduled for Monday, September 23, 2024, at 4:30 p.m. Eastern Time. Fund representatives will lead the discussion during this live event. Interested parties can join the call using the following details:
- USA + Canada Toll-Free: (800) 715-9871
- USA/International Toll: +1 (646) 307-1963
- Canada - Toronto: (647) 932-3411
- Conference ID: 1665940
Participants are advised to dial in about 15 minutes before the scheduled call time. A written summary of the call will be available on the company's website, www.abfunds.com, within 24 hours after the call. AFB is a registered closed-end management investment company managed by AllianceBernstein L.P.
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