AllianceBernstein National Municipal Income Fund, Inc. Announces Earnings Results for the Second Quarter Ended April 30, 2017
June 23, 2017 at 04:53 pm EDT
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AllianceBernstein National Municipal Income Fund Inc. announced earnings results for the second quarter ended April 30, 2017. For the quarter, the company's total net investment income was $4,702,657, or $0.16 per share compared with $5,208,382 or $0.18 per share a year ago. The total net realized and unrealized gain was $6,501,161 or $0.23 per share compared to $4,653,001 or $0.16 per share a year ago. As on April 30, 2017, the company’s net asset value per share was $14.71.
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.