Welcome to our dedicated page for AllianceBernstein Nat Muni SEC filings (Ticker: AFB), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page is dedicated to regulatory information for Alliance National Municipal Income Fund, Inc. (NYSE: AFB), also known as AllianceBernstein National Municipal Income Fund, Inc., a registered closed‑end investment company managed by AllianceBernstein L.P. While no specific SEC filings are listed in the available data, the fund’s public communications and status as a registered closed‑end investment company indicate that it files reports and other documents with the U.S. Securities and Exchange Commission.
According to the Polygon description, the fund seeks to provide high current income exempt from regular federal income tax by investing substantially all of its net assets in municipal securities that pay interest exempt from federal income tax. In the context of SEC reporting, this type of fund typically discloses information about its portfolio of municipal securities, the composition of its assets, and the income it generates from tax‑exempt interest, along with details on expenses and leverage.
Press releases for AFB provide a preview of the kind of information that is often expanded upon in formal filings. These releases report total net assets, net asset value 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 and describe actions such as the redemption of 2018 Variable Rate MuniFund Term Preferred Shares and the creation of tender option bond ("TOB") trusts as substitute leverage.
On Stock Titan’s filings page, users can access AFB’s SEC documents as they become available and use AI‑powered tools to summarize lengthy reports. These tools can help explain key sections of annual and periodic filings, highlight discussions of municipal securities and tax‑exempt income, and make it easier to interpret disclosures about leverage mechanisms such as preferred shares and TOB trusts.
ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND reported an initial insider ownership filing for officer Vercelia Petty, who serves as Controller. This Form 3 lists her as an officer of the fund but does not report any insider stock purchases, sales, or other transactions in the underlying securities.
AllianceBernstein Global High Income Fund, Inc. (AFB) and AllianceBernstein National Municipal Income Fund, Inc. will hold a virtual joint annual stockholder meeting on March 30, 2026 at 3:00 p.m. Eastern Time. Stockholders of record as of February 17, 2026 may attend online and vote.
Investors are being asked to elect Class Two directors for each fund, including Alexander Chaloff and Carol C. McMullen. Holders of ANMIF preferred shares will separately elect a Preferred Director while also voting with common holders on other items.
Stockholders are also asked to ratify Ernst & Young LLP as independent registered public accounting firm for AFB’s fiscal year ending March 31, 2027 and ANMIF’s fiscal year ending October 31, 2026. The boards, which feature a majority of independent directors and several standing committees, unanimously recommend voting FOR all nominees and FOR ratifying Ernst & Young.
Saba Capital Management, L.P. and related reporting persons filed Amendment No. 9 to a Schedule 13D disclosing their position in AllianceBernstein National Municipal Income Fund, Inc. They report beneficial ownership of 1,404,891 common shares, representing 4.89% of the fund’s outstanding shares based on 28,744,936 shares as of October 31, 2025.
The filing states that approximately $14,583,630 was paid to acquire these common shares, primarily through investor subscription proceeds, capital appreciation, and ordinary-course margin borrowings. All reported transactions between February 11 and February 13, 2026 were executed in the open market through funds and accounts advised by Saba Capital.
Karpus Management, Inc. reported beneficial ownership of 1,539,698 common shares of AllianceBernstein National Municipal Income Fund, equal to 5.36% of the class as of 12/31/2025. Karpus has sole voting and dispositive power over these shares, which are held in client accounts it manages.
The firm, a New York–based registered investment adviser, states the position was acquired and is held in the ordinary course of business and not for the purpose of changing or influencing control of the fund. Information barriers separate Karpus from its parent, City of London Investment Group plc, so ownership is attributed solely to Karpus.
Saba Capital Management and related entities report beneficial ownership of 1,591,447 common shares of AllianceBernstein National Municipal Income Fund, Inc., representing 5.54% of the fund’s outstanding common stock based on 28,744,936 shares as of 10/31/25.
The filing shows Saba Capital, its general partner Saba Capital Management GP, LLC, and Boaz R. Weinstein each with shared voting and dispositive power over the same 1,591,447 shares, and no sole power. Approximately $16,520,196 was paid to acquire these shares using investor subscription proceeds, capital appreciation, and ordinary-course margin borrowings. This Amendment No. 8 updates the disclosure on funding, ownership levels, and related exhibit information, while stating no specific change in transaction purpose.
Saba Capital Management and related parties have updated their ownership disclosure for AllianceBernstein National Municipal Income Fund, Inc. In Amendment No. 7 to a Schedule 13D, Saba Capital, Saba Capital Management GP, LLC, and Boaz R. Weinstein report beneficial ownership of 1,898,909 common shares.
This stake represents 6.61% of the fund’s 28,744,936 common shares outstanding as of 10/31/25, based on the issuer’s N-CSR. The filing states that approximately
Saba Capital Management and related parties report a significant stake in AllianceBernstein National Municipal Income Fund, Inc. They disclose beneficial ownership of 2,277,251 common shares, representing 7.92% of the fund’s outstanding stock, based on 28,744,936 shares outstanding as of 10/31/25.
The filing, Amendment No. 6 to Schedule 13D, is a joint report by Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein. The shares were acquired for a total of approximately $23,639,262, funded through investor subscriptions, capital appreciation, and ordinary-course margin borrowings.
The reporting persons state that the funds and accounts advised by Saba Capital are entitled to dividends and sale proceeds from these shares. They indicate no criminal or relevant civil securities law proceedings in the past five years and note that this amendment updates Items 3, 5, and 7 of the prior filing.
AFB filed its Form N-CEN annual census report as a registered investment company. The filing is a structured questionnaire covering the fund’s governance, service providers, trading practices, and capital structure rather than a performance report.
The report lists directors, the chief compliance officer, investment advisers, transfer agents, pricing services, custodians, shareholder servicing agents, administrators, and affiliated broker-dealers. Affiliated broker-dealers are shown with total commissions of 0.00000000 for the period, indicating no commissions paid to those affiliates.
AFB also reports principal transactions with multiple dealers, with total values of purchases and sales (excluding maturing securities) by dealer, including amounts such as 306,726,248.45000000 and 224,409,034.24000000. The form further covers items like securities lending authorization, expense limitation arrangements, reliance on specific Investment Company Act rules, long-term debt defaults, dividends in arrears, market price and net asset value per share, and required signatures.
Saba Capital Management, L.P. and affiliates have filed Amendment No. 5 to a Schedule 13D for AllianceBernstein National Municipal Income Fund, Inc. (AFB), reporting beneficial ownership of 2,674,609 common shares. This represents 9.3% of the fund’s common shares, based on 28,744,936 shares outstanding as of 10/31/25, as disclosed in the fund’s N-CSR filed 1/2/26.
The reporting group consists of Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein, each showing shared voting and dispositive power over 2,674,609 shares and no sole power. They state that about $27,764,082 was paid to acquire these shares, using investor subscription proceeds, related capital appreciation, and ordinary-course margin borrowings. The amendment updates Items 3, 5, and 7, and notes that funds and accounts advised by Saba Capital are entitled to dividends and sale proceeds from these shares.
AllianceBernstein National Municipal Income Fund, Inc. (AFB) reports modest results for the year ended October 31, 2025. On a net asset value (NAV) basis, the Fund returned 1.58% over 12 months and 6.34% over six months, compared with the Bloomberg Municipal Bond Index at 4.17% and 4.99%, respectively. The market price was $10.99 and NAV was $12.20 per share at period-end.
Management attributes 12‑month underperformance mainly to sector allocation and security selection, while leverage helped over six months but slightly detracted over the year. The Fund focuses on federally tax‑exempt municipal bonds, normally keeping at least 75% of assets in investment‑grade issues and up to 25% in below‑investment‑grade bonds. As of October 31, 2025, insured municipal holdings were 11.6% of investments.
Net investment income was $14.8 million, offset by realized and unrealized losses to produce a $3.4 million net increase in net assets from operations. The Fund paid $14.1 million in distributions, largely tax‑exempt, and ended the period with $350.8 million in net assets and significant leverage through variable rate preferred shares and tender option bond structures, which can amplify both income and volatility.