AllianceBernstein National Municipal Income Fund Adopts Managed Distribution Policy
The AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) has announced the adoption of a Managed Distribution Policy effective October 26, 2026. The policy involves regular monthly distributions to shareholders at $0.067 per share of Common Stock, as established by its Board of Directors. This approach aims to provide predictable cash flow for investors while allowing the Fund to continue pursuing its investment objectives. The distribution level may exceed the Fund's net investment income and realized capital gains in a given year, which could result in returns of capital to shareholders. Such returns are not indicative of performance but rather reflect the return of invested funds. The policy is overseen by AllianceBernstein L.P., the fund’s adviser, and its Board. The adoption does not obligate the Fund to maintain this distribution strategy indefinitely; it may be modified or terminated at any time.
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Topics: closed-end fund distribution policy investment funds