AllianceBernstein National Muni Fund Shares Earnings Results
AllianceBernstein National Municipal Income Fund, Inc. Earnings Overview
AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB), a registered closed-end investment company, has reported its earnings for the third fiscal quarter. This announcement captures vital financial metrics and reflects the fund's performance and management strategies.
Financial Highlights from the Third Quarter
As of the close on July 31, 2025, the total net assets held by the fund stood at $322,750,581. This marks a decrease compared to previous totals of $337,926,439 on April 30, 2025, and $363,570,286 on July 31, 2024.
Asset Valuation
The net asset value (NAV) per share of common stock was assessed at $11.23, derived from 28,744,936 outstanding shares. This valuation is crucial for understanding the fund's position in the market.
Investment Income and Losses
During the period from May 1, 2025, to July 31, 2025, the fund generated total net investment income of $4,015,722, translating to $0.14 per share. However, the performance was impacted by a total net realized and unrealized loss amounting to ($15,775,819), equivalent to ($0.55) per share for this reporting timeframe.
Comparative Financial Analysis
To better appreciate the fund's position, we can compare these figures with past quarters. In the second quarter ending April 30, 2025, net investment income was $3,360,878, or $0.12 per share. Additionally, in the same quarter of the previous year, the fund reported $3,056,703, or $0.11 per share, illustrating growth in the income generation process.
Understanding Investment Decisions
The approach to investment by AllianceBernstein National Municipal Income Fund, Inc. has consistently aimed at generating solid returns while managing risk effectively. The management team focuses on identifying opportunities that balance risk and potential rewards.
Asset Management Insights
The expertise of AllianceBernstein L.P. in managing the fund is critical as they navigate market fluctuations and strive to enhance shareholder value. Their strategies are designed to maximize investment prospects while ensuring liquidity and stability within the portfolio.
Looking Forward
As we look to the future, the focus will remain on reacting to changing market conditions and optimizing the investment portfolio. AllianceBernstein National Municipal Income Fund, Inc. will continue to leverage its market insights and analytical capabilities to identify the best opportunities for growth.
Conclusion
The latest earnings report from AllianceBernstein National Municipal Income Fund, Inc. reveals a dynamic yet challenging landscape. Investors and stakeholders will be keenly watching how the fund adapts to market conditions while delivering on its commitment to reliable returns.
Frequently Asked Questions
What is the latest NAV per share for AFB?
The latest net asset value per share for AllianceBernstein National Municipal Income Fund, Inc. is $11.23.
How much total net investment income was reported?
Total net investment income reported for the third quarter is $4,015,722 or $0.14 per share.
What loss did the fund experience during this period?
The fund experienced a total net realized and unrealized loss amounting to ($15,775,819), which translates to ($0.55) per share.
Who manages the AllianceBernstein National Municipal Income Fund?
The fund is managed by AllianceBernstein L.P., known for its expertise in asset management.
What are the total net assets for the fund?
The total net assets for the fund as of July 31, 2025, are $322,750,581.
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