AllianceBernstein National Municipal Income Fund Reveals Fourth Quarter Earnings for 2024
Fourth Quarter Earnings Report of AllianceBernstein National Municipal Income Fund, Inc.
On December 30, 2024, AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) disclosed its earnings for the fourth quarter ending October 31, 2024. The Fund is a registered closed-end investment company that aims to provide a source of income through investments in municipal securities. The earnings report reflects the Fund’s financial health and investment performance over the specified period.
As of October 31, 2024, the Fund's total net assets amounted to $361,430,563, a slight decrease from $363,570,286 reported on July 31, 2024. However, this shows a significant increase compared to the total assets of $311,650,529 that were recorded on October 31, 2023.
In terms of per share value, the net asset value (NAV) for common stock as of the end of October 2024 was $12.57. It is important to highlight that there were a total of 28,744,936 shares outstanding during this period, a consistent figure with previous reports.
The period from August 1, 2024, to October 31, 2024, yielded a total net investment income of $2,985,301, translating to $0.10 per share of common stock. Nevertheless, the Fund faced challenges with a total net realized and unrealized loss of $2,015,971, which equated to $0.07 loss per share for the same timeframe.
Historical Comparison of Net Investment Income and Gains/Losses
| Metric | Q4 2024 | Q3 2024 | Q4 2023 |
|---|---|---|---|
| -- | - | - | --- |
| Total Net Investment Income | $2,985,301 | $3,056,703 | $2,742,139 |
| Per Share | $0.10 | $0.11 | $0.10 |
| Total Net Realized/Unrealized Gain (Loss) | ($2,015,971) | $12,753,214 | ($43,892,817) |
| Per Share | ($0.07) | $0.44 | ($1.53) |
The table clearly outlines the fluctuation in net investment income and the tax-equivalent values it brought in comparison to prior quarters. The fourth quarter of 2024 saw an investment income decrease compared to the third quarter, although performance metrics remained relatively stable when juxtaposed against the fourth quarter of the previous year.
Management: AllianceBernstein L.P. operates the Fund, and they continue to strategize on portfolio adjustments amid fluctuating market conditions to accommodate evolving economic trends that affect municipal investments. This report serves as a crucial insight into the ongoing performance and future outlook of the AllianceBernstein National Municipal Income Fund, as it navigates through a complex financial landscape that has considerable implications for income-generating investments.
Investors and stakeholders can derive essential insights from this earnings report, which highlights the Fund's net assets, earnings performance, and investment strategies aimed towards maximizing returns while managing risks associated with municipal securities.
As the market environment changes, reviewing these performance trends will help align investment strategies with overall financial goals and risk tolerance levels.
Topics Financial Services & Investing）
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