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Tender Option Bond (TOB) trusts
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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 ...