AllianceBernstein National Municipal Income Fund Reports Earnings Results for the Fourth Fiscal Quarter Ended October 31, 2018
December 28, 2018 at 04:06 pm EST
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AllianceBernstein National Municipal Income Fund reported earnings results for the fourth fiscal quarter ended October 31, 2018. For the quarter, the company reported total net investment income of $4,297,472 or $0.15 per share against $4,640,196 or $0.16 per share a year ago. Total net realized/unrealized loss was $14,273,226 or $0.50 per share against $629,470 or $0.02 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.