AllianceBernstein National Fund Reports Profitable Quarter

Author: Owen Jenkins Updated: 03-28-2025 04:09 PM

AllianceBernstein National Municipal Income Fund Announces Earnings

AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB), a well-established closed-end investment company, has recently shared its earnings for the first fiscal quarter. The period ended January 31 marks a significant point in the Fund's financial journey.

Financial Overview

As of January 31, the total net assets of the Fund stood at $357,190,362. This demonstrates a slight decrease compared to $361,430,563 on October 31 of the previous year and a notable decline from $364,468,619 reported a year prior. These figures underline the fluctuating nature of investments in the current financial landscape.

Net Asset Value Per Share

The net asset value (NAV) per share of common stock was calculated at $12.43 based on a total of 28,744,936 shares outstanding. Understanding NAV is crucial for shareholders, as it represents the intrinsic value of the Fund's shares.

Investment Income and Loss

During the period from November 1 to January 31, the Fund reported a total net investment income of $3,560,640, equating to approximately $0.12 per share. However, this was accompanied by a total net realized and unrealized loss of $4,385,081 or $0.15 per share for the same duration, illustrating the challenges faced in the current economic climate.

Investment Performance Comparison

For comparison, in the previous quarter ending October 31, the total net investment income was significantly lower at $2,985,301, which translates to $0.10 per share. The documented loss of $2,015,971 during that period emphasizes the volatility present in municipal investments.

Asset Management and Strategy

AllianceBernstein National Municipal Income Fund, Inc. is expertly managed by AllianceBernstein L.P., a firm well-regarded for its strategic investment approaches and commitment to delivering value to its shareholders. Their management strategy encompasses a meticulous selection of investment opportunities designed to navigate through economic fluctuations.

Looking Ahead

This quarter's results provide valuable insights into the Fund's performance and the overarching trends in the market. Investors are encouraged to stay informed about the Fund's strategies and the overall economic conditions that may influence future performance.

Frequently Asked Questions

What is the current total net asset value for the Fund?

The current total net asset value stands at $357,190,362.

How does the net asset value per share compare to last year?

The net asset value per share is $12.43, reflecting a decrease from previous values over the last year.

What was the net investment income for the last quarter?

For the last quarter, the net investment income amounted to $3,560,640, or $0.12 per share.

Who manages the AllianceBernstein National Municipal Income Fund?

The Fund is managed by AllianceBernstein L.P., known for its investment expertise.

What are the future implications for the Fund based on this quarter's performance?

Given the current performance and market conditions, investors should closely monitor strategies for potential adjustments that align with emerging trends.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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