2018 Variable Rate MuniFund Term Preferred Shares
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Saba Capital Management Sells Shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB)
Financial Modeling Prep· 2025-10-29 07:05
Saba Capital Management, L.P. sold 25,686 shares of AFB at $10.99 per share, retaining 2,950,359 shares.AFB redeemed all its 2018 Variable Rate MuniFund Term Preferred Shares at $25,000 per share, totaling approximately $88.275 million.The fund's portfolio update highlights top fixed-income holdings with yields of 4.25% and 5.00%, focusing on sectors like revenue health care, airports, and miscellaneous revenue.On October 27, 2025, Saba Capital Management, L.P., a significant stakeholder in AllianceBernstei ...
ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND, INC. ANNOUNCES COMPLETION OF FULL REDEMPTION OF 2018 VARIABLE RATE MUNIFUND TERM PREFERRED SHARES AND CREATION OF TENDER OPTION BOND TRUSTS AS SUBSTITUTE LEVERAGE
Prnewswire· 2025-10-28 04:06
NEW YORK, Oct. 27, 2025 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (the "Fund"; NYSE: AFB), a registered closed-end investment company, announced today that it used the proceeds from the creation of tender option bond ("TOB") trusts by the Fund to redeem all of its outstanding 2018 Variable Rate MuniFund Term Preferred Shares ("2018 VMTPS") at a redemption price of $25,000 per share, plus accumulated but unpaid dividends. The aggregate amount paid by the Fund in connection wit ...
ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND, INC. ANNOUNCES PLAN FOR FULL REDEMPTION OF 2018 VARIABLE RATE MUNIFUND TERM PREFERRED SHARES AND CREATION OF TENDER OPTION BOND TRUSTS AS SUBSTITUTE LEVERAGE
Prnewswire· 2025-10-09 04:06
SOURCE AllianceBernstein National Municipal Income Fund, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers , /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (the "Fund"; NYSE: AFB), a registered closed-end investment company, announced today that it intends to use proceeds from the creation of tender option bond ("TOB") trusts by the Fund to redeem all of the Fund's currently outstanding 2018 Variable Rate MuniFund Term Preferred Shares ("2018 ...