AllianceBernstein National Municipal Fund Reports Earnings Update

AllianceBernstein National Municipal Income Fund's Quarterly Earnings Announcement

AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB), a well-established closed-end investment company, has recently shared its earnings for the latest quarter. Investors and analysts are keen to understand how the fund has performed, given the fluctuating market conditions and economic landscape.

Fund Performance Overview

As of the latest reporting period, the Fund's total net assets stood at approximately $361.43 million, a slight decrease when compared to the $363.57 million recorded at the end of the previous quarter. This comparison to last year reveals even more substantial growth, with assets valued at around $311.65 million at a similar point last year. The net asset value per share saw a number of $12.57 based on 28,744,936 shares of common stock outstanding, slightly down from the previous quarter's price of $12.65.

Investment Income and Losses

During the recent quarter, which concluded on October 31, total net investment income reached $2,985,301 or $0.10 per share. However, the same period also saw total net realized and unrealized losses amounting to $2,015,971, equating to a $0.07 loss per share. Understanding these figures is crucial for investors monitoring the Fund's health and strategy in managing its investments.

Comparative Financial Highlights

When we break down the performance further, specific insights emerge:

• Total Net Investment Income: The Fund registered net investment income of $2,985,301 in the latest quarter, slightly lower than the previous quarter's $3,056,703.
• Losses Recorded: The losses have been significant, with net realized/unrealized losses at ($2,015,971), contrasting starkly with a previous gain reported.
• Per Share Losses: In terms of per share data, this quarter showed a loss of ($0.07) following a comparison against previous success periods, highlighting the financial struggles faced.

What This Means for Investors

The disclosed figures illustrate a mixed performance for the AllianceBernstein National Municipal Income Fund. While the assets indicate growth from last year, the drop in net income and recorded losses are points of consideration for both current and potential investors. It's essential for investors to analyze these trends carefully as they reflect the broader economic environment.

Management Insights

AllianceBernstein National Municipal Income Fund, Inc. is under the capable management of AllianceBernstein L.P., which continues to guide the Fund through strategic investment decisions while also protecting shareholder interests amidst economic fluctuations.

Frequently Asked Questions

What is the main focus of the AllianceBernstein National Municipal Income Fund?

The Fund primarily focuses on investing in municipal securities with the intent of providing income exempt from federal income tax.

How does the Fund's performance compare year over year?

Compared to the same quarter last year, total net assets have increased significantly, indicating initial growth despite the recent declines in net income.

What should investors take away from the latest earnings report?

Investors should note the decline in net investment income and the losses reported, which could indicate challenges that the Fund is facing in the current economic climate.

Who manages the AllianceBernstein National Municipal Income Fund?

The Fund is managed by AllianceBernstein L.P., a global investment management firm.

What is the current net asset value (NAV) per share?

The latest reported NAV per share is $12.57, conditional to the number of shares outstanding, which is 28,744,936.

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