AllianceBernstein Municipal Income Fund Sets $0.05018 Distribution, $347.5M NAV & 42.5% Leverage
AllianceBernstein National Municipal Income Fund declared a $0.05018 per share distribution payable March 20, with ex- and record dates set for March 5. As of January 31, the fund held $347.52 million in net assets at a $12.09 NAV, 42.51% leverage and 3.69% exposure to San Francisco Intl Airport bonds.
1. Distribution Declaration
AllianceBernstein National Municipal Income Fund declared a distribution of $0.05018 per share of investment income with an ex-date and record date of March 5 and a payment date of March 20.
2. Portfolio Overview
As of January 31, 2026, the fund reported total net assets of $347.52 million and a NAV of $12.09 per share. The portfolio utilized 42.51% total leverage and had an average coupon of 5.02%, average maturity of 13.57 years and effective duration of 11.91 years across 175 holdings.
3. Asset Allocation and Top Holdings
The top fixed-income holding was 3.69% in San Francisco Intl Airport 5.50% bonds maturing 2055, complemented by positions in other municipal revenue issues. Tax-supported sectors comprised 65.53% of assets, airports 13.96% and health care 10.90%, with credit quality weighted 39.85% AA and 10.51% AAA and 64.11% of bonds maturing in 20–30 years.