AllianceBernstein National Municipal Income Fund, Inc. RELEASES MONTHLY PORTFOLIO UPDATE | AFB Stock News

, /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of January 31, 2026.AllianceBernstein National Municipal Income Fund, Inc.Top 10 Fixed-Income HoldingsPortfolio %1) San Francisco Intl Airport Series 2026-2 5.50%, 05/01/553.69 %2) Melissa Independent School District Series 2024-2 4.25%, 02/01/532.13 %3) Commonwealth of Massachusetts Series 2025-2 5.00%, 01/01/541.99 %4) Oklahoma Turnpike Authority Series 2023 4.50%, 01/01/531.98 %5) New York Transportation Development Corp. Series 2024 Zero Coupon, 12/31/541.97 %6) Dallas Independent School District Series 2024-2 4.00%, 02/15/541.90 %7) Metropolitan Washington Airports Authority Aviation Revenue Series 2025-2 5.50%, 10/01/551.86 %8) State of Hawaii Airports System Revenue Series 2025-2 5.50%, 07/01/541.85 %9) Worthington City School District Series 2025-2 5.50%, 12/01/541.85 %10) City of Atlanta GA Department of Aviation Series 2025-2 5.50%, 07/01/551.83 %Sector/Industry BreakdownPortfolio %RevenueAirport13.96 %Health Care - Not-for-Profit10.90 %Revenue - Miscellaneous6.95 %Toll Roads/Transit5.88 %Industrial Development - Airline5.18 %Prepay Energy4.78 %Higher Education - Private3.81 %Primary/Secondary Ed. - Public3.56 %Port2.62 %Industrial Development - Industry2.04 %Higher Education - Public1.77 %Electric Utility1.46 %Senior Living1.35 %Water & Sewer0.80 %Tobacco Securitization0.30 %Primary/Secondary Ed. - Private0.17 %SUBTOTAL65.53 %Tax SupportedLocal G.O.10.56 %State G.O.6.38 %Special Tax3.67 %Local Lease1.48 %Assessment District0.36 %SUBTOTAL22.45 %Guaranteed9.95 %Asset-BackedHousing - Multi-Family1.03 %SUBTOTAL1.03 %Commercial Mortgage-Backed SecuritiesNon-Agency Fixed Rate CMBS0.49 %Non-Agency Floating Rate CMBS0.35 %SUBTOTAL0.84 %Cash & Cash EquivalentsFunds and Investment Trusts0.18 %SUBTOTAL0.18 %Prerefunded/ETM0.02 %Total100.00 %State BreakdownPortfolio %Texas12.56 %California12.42 %New York7.96 %Florida7.90 %Illinois7.87 %Massachusetts5.81 %Wisconsin5.80 %Georgia4.56 %Ohio4.16 %Pennsylvania3.00 %District of Columbia2.59 %New Hampshire2.48 %Oklahoma2.37 %Louisiana2.29 %Arizona2.07 %Colorado1.95 %Michigan1.91 %Hawaii1.85 %Minnesota1.30 %Alabama0.97 %Nebraska0.95 %Indiana0.84 %North Carolina0.76 %Virginia0.76 %South Carolina0.69 %Washington0.69 %Tennessee0.52 %Alaska0.48 %Maryland0.37 %New Jersey0.36 %Arkansas0.35 %North Dakota0.35 %Oregon0.24 %Connecticut0.20 %Utah0.18 %South Dakota0.13 %Other0.31 %Total Investments100.00 %Credit Quality BreakdownPortfolio %AAA10.51 %AA39.85 %A19.82 %BBB18.16 %BB6.66 %B0.54 %Not Rated4.26 %Pre-refunded Bonds0.02 %Short Term Investments0.18 %Total100.00 %Bonds by MaturityPortfolio %Less than 1 Year0.32 %1 to 5 Years0.13 %5 to 10 Years2.57 %10 to 20 Years13.93 %20 to 30 Years64.11 %More than 30 Years18.94 %Other0.00 %Total Net Assets100.00 %Portfolio Statistics:AMT Percent:22.49 %Average Coupon:5.02 %Percentage of Leverage:Bank Borrowing:0.00 %Investment Operations:0.00 %Auction Preferred Shares (APS):0.00 %Tender Option Bonds:25.69 %VMTP Shares:0.00 %VRDP Shares:16.82 %Total Fund Leverage:42.51%*Average Maturity: 13.57 YearsEffective Duration: 11.91 YearsTotal Net Assets:$347.52 Million**Common Stock Net Asset Value:$12.09Total Number of Holdings:175Portfolio Turnover:56.00 %* The total percentage of leverage constitutes 25.69% through the use of tender option bonds, 16.82% in issued and outstanding VRDPs and 0.00% in investment operations, which may include the use of certain portfolio management techniques such as credit default swaps, dollar rolls, negative cash, reverse repurchase agreements and when-issued securities.** The Fund also had outstanding $100,000,000 of VRDPs at liquidation value, which is not includedin Total Net Assets because it is treated as a liability for financial reporting purposes.The foregoing portfolio characteristics are as of the date indicated and can be expected to change. TheFund is a closed-end U.S.-registered management investment company advised by AllianceBernstein L. P.SOURCE AllianceBernstein National Municipal Income Fund, Inc.