AllianceBernstein National Municipal Income Fund, Inc. has announced the full redemption of its 2018 Variable Rate MuniFund Term Preferred Shares (VMTPS). The fund used proceeds from the creation of tender option bond (TOB) trusts to redeem all outstanding 2018 VMTPS at a redemption price of $25,000 per share, plus any accumulated but unpaid dividends. The total amount paid for the redemption was $88.275 million, with the TOB trusts now serving as the fund's substitute leverage.
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: NY07874) on October 27, 2025, and is solely responsible for the information contained therein.