AllianceBernstein Funds Reveal New Distribution Facts Today
AllianceBernstein Funds Announce Recent Distribution Rates
Today, the AllianceBernstein Closed-End Funds have made significant announcements regarding their distribution rates for investors. Understanding these rates is crucial for shareholders as it provides insight into the income generated by their investments and the management's ongoing strategies.
Distribution Rates for Key Funds
The following are the distribution details for notable funds managed by AllianceBernstein, including their payment dates and ex-dates:
AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF)
This fund has declared a distribution of $0.0655 per share, reflecting its commitment to providing a steady income stream to its investors. The ex-date and record date for this distribution are both set for July 3, 2025, with the payment to be made on July 18, 2025.
AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB)
The National Municipal Income Fund is also set to distribute $0.03961 per share. Similar to the Global High Income Fund, the ex-date and record date are July 3, 2025, while payment will occur on July 18, 2025.
Understanding Ex-Date and Record Date
To fully grasp the significance of these dates, it's important to understand what they mean. The ex-date refers to the first date on which the security buys or sells without the right to receive the next dividend payment. Therefore, if an investor purchases shares on or after this date, they will not receive the upcoming distribution.
The record date, conversely, is the cut-off date established by the fund to determine which shareholders are eligible to receive the distribution. If you are listed on the fund’s records by this date, you will receive the distribution payment on the scheduled date.
About AllianceBernstein
AllianceBernstein L.P. is a leading investment management firm known for its rigorous investment strategies and performance-driven approach. The firm manages a diverse portfolio of closed-end funds, tailored to meet the needs of various investors. Their commitment to promoting transparency and providing valuable insights is a testament to their reputation in the industry.
As investors continue to seek robust options for income generation, understanding distribution rates and dates is essential. The recent announcements from AllianceBernstein serve as a reminder of the opportunities available for those looking to invest wisely.
Frequently Asked Questions
What is an ex-date?
The ex-date is the first date when a security trades without the right to receive the next dividends or distributions.
When are the payments scheduled for the distributions?
The payments for the recent distributions are scheduled for July 18, 2025.
What are the distribution rates for the two funds?
The distribution rates are $0.0655 per share for the Global High Income Fund and $0.03961 per share for the National Municipal Income Fund.
Who manages AllianceBernstein's closed-end funds?
The closed-end funds are managed by AllianceBernstein L.P., a well-regarded investment management firm.
Why is it important to know the record date?
The record date determines which shareholders are entitled to receive the distribution; being on the record by this date ensures you receive payment.
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