Business & Finance
Tue, March 27, 2012Mon, March 26, 2012AllianceBernstein National Municipal Income Fund, Inc. Reports First Quarter Earnings
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Published in Business and Finance on Monday, March 26th 2012 at 13:16 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
AllianceBernstein National Municipal Income Fund, Inc. Reports First Quarter Earnings -- NEW YORK, March 26, 2012 /PRNewswire/ --
AllianceBernstein National Municipal Income Fund, Inc. Reports First Quarter Earnings
NEW YORK, March 26, 2012 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: [ AFB ]), a registered closed‑end investment company, today announced earnings for the Fund's first fiscal quarter ended January 31, 2012.
Total net assets of the Fund* on January 31, 2012 were $672,304,449 as compared with $651,419,558 on October 31, 2011 and $617,130,700 on January 31, 2011. On January 31, 2012, the net asset value per share of common stock was $14.98 based on 28,706,677 shares of common stock outstanding.
| January 31, 2012 | October 31, 2011 | January 31, 2011 |
Total Net Assets | $672,304,449 | $651,419,558 | $617,130,700 |
NAV Per Share | $14.98 | $14.26 | $13.06 |
Shares Outstanding | 28,706,677 | 28,697,204 | 28,697,204 |
For the period November 1, 2011 through January 31, 2012, total net investment income was $7,312,369, or $0.25 per share of common stock. The total net realized and unrealized gain was $17,675,232 or $0.62 per share of common stock for the same period.
| First quarter Ended January 31, 2012 | Fourth quarter Ended October 31, 2011 | First Quarter Ended January 31, 2011 |
Total Net Investment Income |
$7,312,369 |
$7,424,463 |
$7,599,461 |
Per Share | $0.25 | $0.26 | $0.26 |
Total Net Realized/ Unrealized Gain/(Loss) |
$17,675,232 |
$5,657,073 |
($40,851,733) |
Per Share | $0.62 | $0.20 | ($1.43) |
* 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.
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