AllianceBernstein National Municipal Income Fund, Inc. Announces Earnings Results for the Second Quarter Ended April 30, 2016
June 24, 2016 at 04:06 pm EDT
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AllianceBernstein National Municipal Income Fund Inc. announced earnings results for the second quarter ended April 30, 2016. For the quarter, the company's total net investment income was $5,208,382, or $0.18 per share compared with $5,764,478 or $0.20 per share a year ago. The total net realized and unrealized gain was $4,653,001 or $0.16 per share compared with loss of $18,256,169 or $0.64 per share a year ago. As on April 30, 2016, the company’s net asset value per share was $15.57.
AllianceBernstein National Municipal Income Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide high current income exempt from regular federal income tax. The Fund is focused on investing approximately 80%, and normally substantially all, of its net assets in municipal securities paying interest that is exempt from regular federal income tax. The Fund also normally invest at least 75% of its assets in investment-grade municipal securities or unrated municipal securities. The Fund may invest up to 25% of its net assets in municipal bonds rated below investment-grade and unrated municipal bonds. The Fund also invests in securities of other open- or closed-end investment companies that invest primarily in municipal bonds of the types in which the Fund invests directly. The Fund's investment adviser is AllianceBernstein L.P.
ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND, INC. 
