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
Share
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.