AllianceBernstein National Municipal Income Fund Reports Earnings Results for the First Quarter Ended January 31, 2019
March 29, 2019 at 04:06 pm EDT
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AllianceBernstein National Municipal Income Fund reported earnings results for the first quarter ended January 31, 2019. For the quarter, the company reported total net investment income of $4,175,237 or $0.15 per share against $4,535,084 or $0.16 per share a year ago. Total net realized/unrealized gain was $12,235,254 or $0.43 per share against loss of $9,768,396 or $0.34 per share 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.