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.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

熱議股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hant","ssrTDKData":{"titleTemplate":"%s - 老虎證券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎證券,老虎證券開戶,老虎券商,老虎證券官網,老虎證券app,tigertrade老虎證券,股票,炒股,新加坡股票交易平臺,投資,投資理財","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hant/news/2574723409"},"companyName":"老虎證券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2574723409\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2574723409?lang=zh_TW&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-10-09 04:06","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2574723409","market":"fut","top_or_hot":-1,"title":"Alliancebernstein National Municipal Income Fund Announces Full Redemption of Preferred Shares and Plans to Replace Leverage with TOB Trusts","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Alliancebernstein National Municipal Income Fund Announces Full Redemption of Preferred Shares and Plans to Replace Leverage with TOB Trusts\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        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.\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>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alliancebernstein National Municipal Income Fund Announces Full Redemption of Preferred Shares and Plans to Replace Leverage with TOB Trusts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlliancebernstein National Municipal Income Fund Announces Full Redemption of Preferred Shares and Plans to Replace Leverage with TOB Trusts\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-10-09 04:06</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Alliancebernstein National Municipal Income Fund Announces Full Redemption of Preferred Shares and Plans to Replace Leverage with TOB Trusts\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        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.\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</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AFB","symbol_name":"聯博全國市政債券收益基金","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. While PUBT strives to provide accurate and timely information, this AI-generated content is for ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"AFB":"联博全国市政债券收益基金"},"translate_title":"联博全国市政收益基金宣布全额赎回优先股拟以TOB信托替代杠杆","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AFB":0.9},"content_text":"Alliancebernstein National Municipal Income Fund Announces Full Redemption of Preferred Shares and Plans to Replace Leverage with TOB Trusts\n    \n\n        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.\n      \n\nDisclaimer: 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.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}