AFB

AllianceBernstein National Municipal Income Fund Inc. is a diversified, closed-end management investment company that seeks to provide high current income exempt from federal income tax. The fund invests primarily in investment-grade and below-investment-grade municipal bonds issued by states, territories, and local governments across the United States. The portfolio includes general obligation bonds, revenue bonds for essential services (water, sewer, transportation, education), and special tax bonds. The fund employs active management to identify attractive risk-adjusted opportunities across the municipal bond market, considering credit quality, duration, sector allocation, and state exposure. The fund may use leverage to enhance income, which amplifies both returns and risks. Managed by AllianceBernstein L.P., a leading global investment management firm, the fund provides investors access to professional municipal bond expertise and a diversified tax-exempt income stream. The fund trades on a stock exchange and may trade at premiums or discounts to net asset value. It is designed for investors in higher tax brackets seeking tax-advantaged income with professional portfolio management.