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 has announced dividend distributions for two of 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 pay $0.03961 per share. Both distributions are classified as investment income and share the same important dates: an ex-date and record date of June 5, 2025, with payment scheduled for June 20, 2025.
AllianceBernstein has announced distribution rates for its closed-end funds on April 21, 2025. The distributions include:
- AllianceBernstein Global High Income Fund (NYSE: AWF) will distribute $0.0655 per share of investment income
- AllianceBernstein National Municipal Income Fund (NYSE: AFB) will distribute $0.03961 per share of investment income
Both funds have set their ex-date, record date for May 1, 2025, and payment date for May 16, 2025. The funds are managed by AllianceBernstein L.P.
AllianceBernstein National Municipal Income Fund (NYSE: AFB) has released its March 31, 2025 portfolio update, revealing a total net assets of $346.67 Million. The fund's portfolio shows significant diversification across municipal bonds with Texas (17.19%), Illinois (8.19%), and Florida (7.83%) as top state allocations.
The portfolio maintains strong credit quality with 71.13% of holdings rated A or higher. The fund's structure includes 41.63% total leverage, comprising various instruments including VRDP Shares (17.78%) and VMTP Shares (15.69%). The portfolio contains 159 holdings with an average coupon of 4.48% and effective duration of 10.01 years.
Notable sector concentrations include Health Care - Not-for-Profit (12.36%), Local G.O. (12.19%), and Revenue - Miscellaneous (8.49%). The majority of bonds (61.36%) have maturities between 20-30 years.
AllianceBernstein National Municipal Income Fund (NYSE: AFB) has released its first fiscal quarter earnings report for the period ended January 31, 2025. The Fund's total net assets decreased to $357.19 million, down from $361.43 million in October 2024 and $364.47 million in January 2024.
The Fund reported a net asset value of $12.43 per share based on 28,744,936 outstanding common stock shares. For Q1 FY2025, the Fund generated total net investment income of $3.56 million ($0.12 per share), while experiencing a total net realized and unrealized loss of $4.39 million ($0.15 per share).
AllianceBernstein National Municipal Income Fund (NYSE: AFB) has released its first quarter earnings report for the fiscal quarter ended January 31, 2025. The fund reported total net assets of $357,190,362, showing a decrease from $361,430,563 on October 31, 2024, and $364,468,619 on January 31, 2024.
The fund's net asset value per share was $12.43 based on 28,744,936 outstanding common stock shares. For the period from November 1, 2024, through January 31, 2025, the fund recorded total net investment income of $3,560,640 ($0.12 per share), while experiencing a total net realized and unrealized loss of $4,385,081 ($0.15 per share).
AllianceBernstein Closed-End Funds has announced their distribution rates on March 24, 2025. The funds, which are managed by AllianceBernstein L.P., made this declaration through an official announcement. However, specific distribution rates and affected funds were not detailed in the release.
AllianceBernstein National Municipal Income Fund (NYSE: AFB) has announced the release of its monthly portfolio update as of February 28, 2025. The announcement was made on March 24, 2025 in New York, providing investors with the latest information about the Fund's portfolio composition and performance.
AllianceBernstein Closed-End Funds has announced their distribution rates on February 24, 2025. The funds are under the management of AllianceBernstein L.P. However, the specific distribution rates and details were not disclosed in the press release.
AllianceBernstein National Municipal Income Fund (NYSE: AFB) has released its monthly portfolio update for the period ending January 31, 2025. The update was announced on February 24, 2025, providing investors with the latest information about the Fund's portfolio composition and performance.