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 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.
AllianceBernstein has announced distribution rates for its closed-end funds. The AllianceBernstein Global High Income Fund (NYSE: AWF) will distribute $0.0655 per share of investment income, while the AllianceBernstein National Municipal Income Fund (NYSE: AFB) will distribute $0.03961 per share of investment income.
Both funds share the same important dates: an ex-date and record date of February 6, 2025, with a payment date set for February 21, 2025. The funds are managed by AllianceBernstein L.P.
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 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 (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 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.