AllianceBernstein National Municipal Income Fund, Inc. Reports First Quarter Earnings

Mar 25, 2011, 16:06 ET from AllianceBernstein National Municipal Income Fund, Inc.

NEW YORK, March 25, 2011 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB), a registered closedend investment company, today announced earnings for the Fund's first fiscal quarter ended January 31, 2011.

Total net assets of the Fund* on  January 31, 2011 were $617,130,700 as compared with $656,699,238 on October 31, 2010 and $637,764,379 on January 31, 2010.  On January 31, 2011, the net asset value per share of common stock was $13.06 based on 28,697,204 shares of common stock outstanding.

January 31, 2011

October 31, 2010

January 31, 2010

Total Net Assets

$617,130,700

$656,699,238

$637,764,379

NAV Per Share

$13.06

$14.44

$13.79

Shares Outstanding

28,697,204

28,697,204

28,682,544

For the period November 1, 2010 through January 31, 2011, total net investment income was $7,599,461, or $0.26 per share of common stock.  The total net realized and unrealized loss was ($40,851,733) or ($1.43) per share of common stock for the same period.

First Quarter   Ended   January 31, 2011  

Fourth Quarter   Ended   October 31, 2010  

First Quarter   Ended   January 31, 2010  

Total Net Investment Income

$7,599,461

$7,521,025

$7,816,565

Per Share

$0.26

$0.26

$0.27

Total Net Realized/  Unrealized Gain/(Loss)

($40,851,733)

$4,925,862

$2,240,722

Per Share

($1.43)

$0.17

$0.08

* Total net assets include assets attributable to both common and preferred shares.

AllianceBernstein National Municipal Income Fund, Inc. is managed by AllianceBernstein L.P.

SOURCE AllianceBernstein National Municipal Income Fund, Inc.