Key information

🔎 Fund Overview

AllianceBernstein National Municipal Income Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide high current income exempt from regular federal income tax. The Fund seeks to achieve its objective by investing substantially all of its net assets in municipal bonds that pay interest that are exempt from regular federal income tax. The Fund normally invests at least 75% of its net assets in municipal bonds that are of investment grade quality or unrated municipal securities. The Fund also invests up to 25% of its net assets in municipal bonds that are rated below investment grade and unrated municipal bonds. The Fund also invests in securities of other open- or closed-end investment companies that invest primarily in municipal bonds of the types in which the Fund invests directly. The Fund's investment adviser is AllianceBernstein L.P.