AllianceBernstein National Municipal Fund Reports End-of-Year Earnings for 2025
AllianceBernstein National Municipal Income Fund Reports Fourth Quarter Earnings
On December 26, 2025, the AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) announced its financial results for the fourth quarter of the fiscal year ending October 31, 2025. This registered closed-end investment company has shown robust financial health in a fluctuating economic climate, providing investors with a glimpse of its performance and future directions.
Financial Overview
The Fund reported total net assets of $350,811,480 as of October 31, 2025, an increase from $322,750,581 on July 31, 2025. This marks a slight decrease compared to $361,430,563 recorded on the same date in the previous year, October 31, 2024. Each share of common stock had a net asset value (NAV) of $12.20, based on the outstanding shares of 28,744,936.
| Metric | Oct 31, 2025 | Jul 31, 2025 | Oct 31, 2024 |
|---|---|---|---|
| ------ | --- | --- | ----- |
| Total Net Assets | $350,811,480 | $322,750,581 | $361,430,563 |
| NAV Per Share | $12.20 | $11.23 | $12.57 |
| Shares Outstanding | 28,744,936 | 28,744,936 | 28,744,936 |
Earnings Report
For the quarter lasting from August 1 to October 31, 2025, the total net investment income reached $3,811,647, translating to about $0.13 per share. In the same timeframe, the total net realized and unrealized gain was significant, totaling $28,025,102, or $0.97 per share. This positive performance showcases the fund's ability to withstand market volatility while still generating returns for its shareholders.
| Financial Metric | Q4 2025 | Q3 2025 | Q4 2024 |
|---|---|---|---|
| -------- | --- | --- | ----- |
| Total Net Investment Income | $3,811,647 | $4,015,722 | $2,985,301 |
| Earnings Per Share | $0.13 | $0.14 | $0.10 |
| Total Net Realized/Unrealized Gain | $28,025,102 | $(15,775,819) | $(2,015,971) |
| Earnings Per Share (G/L) | $0.97 | $(0.55) | $(0.07) |
Insights and Future Directions
The strong performance exhibited by the AllianceBernstein National Municipal Income Fund demonstrates its resilience and operational effectiveness in a diverse investment landscape. Despite a decline in total assets from the previous year, the increase in net investment income and significant realized gains indicates a strategic positioning that could bode well for future quarters.
The management team, under the banner of AllianceBernstein L.P., appears committed to navigating the complexities of municipal finance while maximizing returns for its investors. The positive earnings show not only the strength of the underlying assets but also the effective risk management practices employed by the fund management.
As we move into the next fiscal year, stakeholders can keep an eye on how market conditions evolve and how the Fund adapts to maintain its strong performance. The financial data highlights a potential for growth and stability that may attract both current and prospective investors looking for reliable income streams in the municipal investment sector.
Conclusion
AllianceBernstein National Municipal Income Fund's fourth quarter results for 2025 not only underscore the firm’s financial fortitude but also set the stage for what investors can expect in the future. As the fund continues to evolve in response to market dynamics, its commitment to delivering shareholder value remains steadfast. Investors should remain engaged with upcoming reports and updates to fully leverage the opportunities presented by the market.
Topics Financial Services & Investing）
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