Core Points - AllianceBernstein National Municipal Income Fund, Inc. announced the redemption of all outstanding 2018 Variable Rate MuniFund Term Preferred Shares at a price of $25,000 per share, totaling $88.275 million plus unpaid dividends [1][4] Group 1 - The Fund utilized proceeds from the creation of tender option bond (TOB) trusts to facilitate the redemption of the 2018 VMTPS [1][4] - The redemption allows the Fund to replace leverage previously obtained through the 2018 VMTPS with proceeds from the TOB trusts [1][4]