AllianceBernstein National Municipal Income Fund Reports Earnings Results for the Third Fiscal Quarter Ended July 31, 2016
September 24, 2016 at 02:06 am IST
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AllianceBernstein National Municipal Income Fund reported earnings results for the third fiscal quarter ended July 31, 2016. For the quarter, the company reported total net investment income of $5,011,674 or $0.17 per share compared to $6,136,116 or $0.21 per share a year ago. Total net realized/unrealized gain was $10,066,465 or $0.35 per share compared to total net realized/unrealized loss of $4,803,380 or $0.17 per share a year ago. NAV per share was $15.90 compared to $14.44 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. 
