ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND, INC. REPORTS FOURTH QUARTER EARNINGS

Core Viewpoint - AllianceBernstein National Municipal Income Fund, Inc. reported its earnings for the fourth fiscal quarter ending October 31, 2025, showing a decrease in total net assets compared to the previous year but an increase from the previous quarter [1]. Financial Performance - Total net assets on October 31, 2025, were $350,811,480, an increase from $322,750,581 on July 31, 2025, but a decrease from $361,430,563 on October 31, 2024 [2][3]. - The net asset value (NAV) per share of common stock was $12.20 based on 28,744,936 shares outstanding, compared to $11.23 on July 31, 2025, and $12.57 on October 31, 2024 [2][3]. - For the period from August 1, 2025, to October 31, 2025, total net investment income was $3,811,647, or $0.13 per share, while total net realized and unrealized gain was $28,025,102, or $0.97 per share [3][4]. Comparative Analysis - Total net investment income for the third quarter of 2025 was $3,851,687, compared to $4,015,722 in the second quarter and $2,985,301 in the third quarter of 2024 [4]. - The per share net investment income decreased from $0.14 in the second quarter of 2025 to $0.13 in the third quarter, while it increased from $0.10 in the third quarter of 2024 [4]. - The total net realized and unrealized gain for the third quarter of 2025 was $28,025,102, a significant increase from a loss of $15,775,819 in the second quarter and a loss of $2,015,971 in the third quarter of 2024 [4].