Alliancebernstein National Municipal Income Fund Announces Full Redemption of Preferred Shares and Plans to Replace Leverage with TOB Trusts

Reuters

2025/10/09

Alliancebernstein National Municipal Income Fund Announces Full Redemption of Preferred Shares and Plans to Replace Leverage with TOB Trusts

AllianceBernstein National Municipal Income Fund Inc. has announced plans to fully redeem its outstanding 2018 Variable Rate MuniFund Term Preferred Shares (2018 VMTPS) at a redemption price of $25,000 per share, plus any accumulated but unpaid dividends. The total payment for the redemption will be approximately $88.275 million, in addition to unpaid dividends. The Fund intends to use proceeds from the creation of tender option bond (TOB) trusts to replace the leverage currently provided by the 2018 VMTPS. The redemption is expected to take place on or about October 27, 2025, subject to necessary conditions including the successful establishment of the TOB trusts.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alliancebernstein National Municipal Income Fund Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: NY93526) on October 08, 2025, and is solely responsible for the information contained therein.

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The total payment for the redemption will be approximately $88.275 million, in addition to unpaid dividends. The Fund intends to use proceeds from the creation of tender option bond (TOB) trusts to replace the leverage currently provided by the 2018 VMTPS. The redemption is expected to take place on or about October 27, 2025, subject to necessary conditions including the successful establishment of the TOB trusts.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alliancebernstein National Municipal Income Fund Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: NY93526) on October 08, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AFB","symbol_name":"联博全国市政债券收益基金","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251008:nNDL667LYc:1","article_id":"2574723409","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2574723409","pubTimestamp":1759953981,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Alliancebernstein National Municipal Income Fund Announces Full Redemption of Preferred Shares and Plans to Replace Leverage with TOB Trusts. AllianceBernstein National Municipal Income Fund Inc. has announced plans to fully redeem its outstanding 2018 Variable Rate MuniFund Term Preferred Shares  at a redemption price of $25,000 per share, plus any accumulated but unpaid dividends. The total payment for the redemption will be approximately $88.275 million, in addition to unpaid dividends. The Fund intends to use proceeds from the creation of tender option bond  trusts to replace the leverage currently provided by the 2018 VMTPS. The redemption is expected to take place on or about October 27, 2025, subject to necessary conditions including the successful establishment of the TOB trusts.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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