AllianceBernstein National Municipal Income Fund Reports Earnings Results for the First Quarter Ended January 31, 2017
March 31, 2017 at 05:06 pm EDT
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AllianceBernstein National Municipal Income Fund reported earnings results for the first quarter ended January 31, 2017. For the quarter, the company reported total net investment income of $4,850,691 or $0.17 per share compared to $5,432,666 or $0.19 per share a year ago. Total net realized/unrealized loss was $24,819,874 or $0.86 per share compared to total net realized/unrealized income of $15,652,542 or $0.54 per share a year ago. NAV per share was $14.49 compared to $15.41 a year ago.
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. 
