AllianceBernstein Fund Reports Q1 Earnings

Written by Emily J. Thompson, Senior Investment Analyst

Source: Newsfilter

Updated: Mar 27 2026

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Source: Newsfilter

Net Asset Value Decline: As of January 31, 2026, the total net assets of the AllianceBernstein National Municipal Income Fund stood at $347.52 million, down from $350.81 million on October 31, 2025, indicating the impact of market fluctuations on the fund's assets.
NAV Per Share: The net asset value per share of common stock was reported at $12.09 as of January 31, 2026, a slight decrease from $12.20 on October 31, 2025, reflecting the fund's underperformance during the quarter.
Investment Income Growth: For the period from November 1, 2025, to January 31, 2026, the fund generated total net investment income of $4.78 million, an increase from $3.85 million in the previous quarter, indicating an improvement in income generation capabilities.
Loss Overview: During the same period, the fund reported total net realized and unrealized losses of $3.70 million, translating to a loss of $0.13 per share, highlighting the negative impact of the market environment on the fund's investment portfolio.

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About AFB

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.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

AllianceBernstein National Municipal Income Reports Q1 Financials

Mar 27 2026seekingalpha

Investment Income Overview: AllianceBernstein National Municipal Income reported a total net investment income of $4.77 million for Q1 2026, translating to $0.17 per share of common stock, indicating a stable income source.
Loss Situation: During the same period, the total net realized and unrealized loss amounted to $3.70 million, resulting in a loss of $0.13 per share of common stock, reflecting the impact of market volatility on fund performance.
Net Asset Value Changes: As of January 31, 2026, the total net assets of the fund were $347.52 million, down from $350.81 million on October 31, 2025, highlighting challenges in asset management.
Per Share Net Asset Value: On January 31, 2026, the net asset value per share of common stock was $12.09, based on 28.74 million shares outstanding, indicating stability in the fund's market value.