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) has released its monthly portfolio update as of December 31, 2024. The fund's total net assets stand at $358.53 Million, with a common stock net asset value of $12.47.
The portfolio shows significant diversification across states, with Texas leading at 19.24%, followed by Illinois (7.89%) and New York (7.51%). In terms of credit quality, the majority of holdings are in AA (27.70%) and A (25.86%) rated securities. The fund maintains a strong focus on longer-term investments, with 59.18% of bonds having 20-30 year maturities.
The fund's top holding is Lamar Consolidated Independent School District Series 2024-2 at 2.72%. The portfolio leveraging stands at 39.75%, including 7.52% in Tender Option Bonds, 15.11% in VMTP Shares, and 17.12% in VRDP Shares. The fund maintains 166 total holdings with a portfolio turnover of 32.00%.
AllianceBernstein National Municipal Income Fund (NYSE: AFB) has released its Q4 2024 earnings report. The Fund's total net assets reached $361.43 million as of October 31, 2024, showing an increase from $311.65 million year-over-year but a slight decrease from $363.57 million in the previous quarter. The net asset value (NAV) per share was $12.57, up from $10.84 in the previous year.
For Q4 2024, the Fund reported total net investment income of $2.99 million ($0.10 per share), compared to $2.74 million ($0.10 per share) in Q4 2023. However, the Fund experienced a total net realized and unrealized loss of $2.02 million ($0.07 per share), which contrasts with a gain of $12.75 million in the previous quarter.
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.
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