Company Announcements

NEW YORK , Oct. 8, 2025 /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 VMTPS") at a redemption price of $25,000 per share, plus accumulated but unpaid dividends.  The aggregate amount to be paid by the Fund in connection with the redemption of the 2018 VMTPS is $88.275 million, plus accumulated but unpaid dividends.

The redemption of the 2018 VMTPS is subject to certain notice and other requirements and conditioned upon the successful creation of the TOB trusts.  The Fund intends to redeem the 2018 VMTPS on or about October 27, 2025. 

The TOB trusts, if successfully created, will allow the Fund to replace the leverage currently obtained through the 2018 VMTPS with proceeds from the TOB trusts.  AllianceBernstein L.P., the Fund's investment adviser, and the Board of Directors of the Fund believe the full redemption of the 2018 VMTPS and proposed creation of the TOB trusts is in the best interests of the Fund and its stockholders.

This press release is neither an offer to sell nor a solicitation of an offer to buy any of these securities.

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SOURCE AllianceBernstein National Municipal Income Fund, Inc.