AllianceBernstein National Municipal Income Fund Shows Gains
AllianceBernstein National Municipal Income Fund Reports Earnings
AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB), a prominent closed-end investment company, has announced its earnings for the second fiscal quarter. The announcement highlights the financial performance of the Fund, reflecting a comprehensive analysis of its assets and returns over the recent period.
Financial Overview of the Fund
As of the latest evaluation, the Fund's total net assets were reported at $337,926,439. This marks a decrease compared to the previous total of $357,190,362 recorded on January 31. The Fund also shows a broader perspective when examining its net assets from the same period last year, which stood at $350,576,798.
Net Asset Value Per Share
The net asset value (NAV) per share of common stock is an important indicator for stakeholders. The current NAV is $11.76, calculated based on 28,744,936 shares outstanding. This figure is essential for investors to evaluate their return potential.
Investment Income Report
During the reporting period, which spans from February 1 to April 30, the Fund's total net investment income was recorded at $3,360,878, translating to a per-share income of $0.12. This represents an analysis of the Fund's ability to generate returns from its investment activities.
Realized and Unrealized Losses
However, not all aspects of the financial performance were positive. The total net realized and unrealized loss during this timeframe amounted to ($19,051,276), equating to a per-share loss of ($0.66). This illustrates the challenges faced by the Fund, adding depth to the overall financial narrative.
Comparative Earnings Analysis
When comparing to the first quarter of 2025, net investment income has seen a slight decline, where the first quarter totaled $3,560,640. This comparison offers insight into the Fund's performance across consecutive quarters.
Total Realized Losses Overview
The disclosure of total net realized and unrealized gains or losses is crucial for investors. In earlier reports, the first quarter realized a loss of ($4,385,081), while the second quarter's losses reflect a compounded effect that may raise concerns among stakeholders.
Understanding Total Net Assets
It’s important to understand that total net assets reported by the Fund encompass both common and preferred shares. This comprehensive outlook aids in providing a more accurate picture of the Fund's overall market position.
About AllianceBernstein National Municipal Income Fund
AllianceBernstein National Municipal Income Fund, Inc. operates under the experienced management of AllianceBernstein L.P., a key player in the investment industry. With a strong focus on management practices, the firm is dedicated to maximizing value for its shareholders and navigating market challenges effectively.
Frequently Asked Questions
What is the current NAV per share for the Fund?
The current NAV per share is $11.76 based on the latest evaluation.
How much loss did the Fund report for the second quarter?
The Fund reported a total net realized and unrealized loss of ($19,051,276) in the second quarter.
What is the total net investment income for the Fund?
The total net investment income for the second quarter was $3,360,878.
Who manages the AllianceBernstein National Municipal Income Fund?
The Fund is managed by AllianceBernstein L.P., a noted investment management firm.
What is the significance of total net assets in this report?
Total net assets represent the Fund's financial health and ability to generate returns for shareholders, including both common and preferred shares.
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