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AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update

 

NEW YORK, June 26, 2012 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of May 31, 2012.

AllianceBernstein National Municipal Income Fund, Inc.


Top 10 Fixed-Income Holdings




Portfolio %


1) Texas Trnsp Comm   Series 07  5.00%,  4/01/23            

3.13%

2) Wayne State Univ MI   Series 2009  5.00%,                


2.38%

    11/15/29


3) Washington Fed Hwy Grant   Series 2012F                  


2.37%

    5.00%,  9/01/24


4) Metro Atlanta Rapid Tran Auth GA     5.00%,              


2.03%

    7/01/27


5) Chicago IL O'Hare Intl Arpt (O'Hare Intl Arpt)           


1.97%

    NPFGC Series A  5.375%,  1/01/32


6) Triborough Brdg & Tunl Auth NY     5.00%,                


1.57%

    1/01/26


7) Univ of Illinois   AGM Series 07A 5.25%,                 


1.56%

    10/01/26


8) New York NY Trnsl Fin Auth   Series 2011B                


1.56%

    5.00%,  2/01/26


9) Indianapolis IN Loc Bond Bank   NPFGC Series 2A           


1.32%

    5.25%,  7/01/33 (Prerefunded/ETM)


10) Twenty Fifth Ave Pptys WA   NPFGC Series 02               


1.28%

      5.25%,  6/01/33 (Prerefunded/ETM)





Sector/Industry Breakdown



Portfolio %

    Revenue

             Water & Sewer

7.05%

             Airport

6.97%

             Health Care - Not-for-Profit

5.60%

             Revenue - Miscellaneous

5.01%

             Higher Education - Public

3.63%

             Electric Utility

3.30%

             Industrial Development - Utility

2.30%

             Toll Roads/Transit

2.16%

             Industrial Development - Industry

1.51%

             Higher Education - Private

1.45%

             Industrial Development - Airline

1.25%

             Primary/Secondary Ed. - Private

0.79%

             Senior Living

0.77%

             Prepay Energy

0.60%

             Primary/Secondary Ed. - Public

0.46%

    SUBTOTAL

42.85%

    Tax Supported

            Special Tax

15.23%

            Local G.O.

10.45%

            State G.O.

5.02%

            Assessment District

3.49%

            Tax-Supported Local Lease

3.16%

            State Lease

1.56%

            Tax-Supported State Lease

1.40%

    SUBTOTAL

40.31%

    Prerefunded/ETM

10.63%

    Insured/Guaranteed

            Insured

2.39%

            Guaranteed

1.39%

    SUBTOTAL

3.78%

    Asset-Backed

            Housing - Multi-Family

1.75%

            Housing - Single Family

0.68%

    SUBTOTAL

2.43%

    Total

100.00%

State Breakdown



Portfolio %

Texas                                                        


18.35%

California                                                        


11.35%

New York                                                        


10.85%

Illinois                                                        


6.75%

Florida                                                        


5.87%

Washington                                                        


5.82%

Michigan                                                        


4.91%

Louisiana                                                        


4.00%

South Carolina                                                        


3.33%

Colorado                                                        


2.58%

Alabama                                                        


2.43%

Georgia                                                        


2.36%

Ohio                                                        


1.65%

Pennsylvania                                                        


1.63%

Indiana                                                        


1.63%

Nevada                                                        


1.61%

Virginia                                                        


1.61%

Oregon                                                        


1.44%

Alaska                                                        


1.35%

Hawaii                                                        


1.32%

Puerto Rico                                                        


1.31%

Massachusetts  

1.01%

Wisconsin  

0.98%

Rhode Island  

0.79%

Arizona  

0.77%

New Jersey  

0.76%

North Carolina  

0.57%

Mississippi  

0.53%

District of Columbia  

0.46%

Missouri  

0.37%

Tennessee  

0.35%

Maine  

0.32%

North Dakota  

0.29%

Utah  

0.20%

Kansas  

0.18%

Minnesota  

0.16%

New Hampshire  

0.11%

Total Investments  

100.00%

        Credit Quality Breakdown





Portfolio %

            AAA                                            


20.82%

            AA                                             


37.69%

            A                                              


16.73%

            BBB                                            


10.71%

            B                                               


0.40%

            Not Rated                                       


3.02%

            Pre-refunded Bonds                             


10.63%

            Total Investments                             


100.00%

Portfolio Statistics:



    AMT Percentage:                                       


18.33%

    Average Coupon:                                         


6.01

    Percentage of Leverage:

        Bank Borrowing:                                     


0.00%

        Investment Operations:                              


8.18%

        Preferred Stock:                                   


35.96%

        Tender Option Bonds:                                


6.35%

        Term Asset-Backed Loans Facility (TALF):            


0.00%

        Total Fund Leverage:                              


50.49%*

    Average Effective Maturity:                       


5.02 Years

    Effective Duration:                               


4.54 Years

    Total Net Assets:                          


$673.59 Million**

    Common Stock Net Asset Value:                         


$15.02

    Number of Holdings:                                      


211

    Portfolio Turnover:                                         

10


* The total percentage of leverage constitutes 6.35% through the use of tender option bonds, 35.96% in issued and outstanding preferred stock and 8.18% 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.

** Includes 242,225,000 of preferred stock at liquidation value.

The foregoing portfolio characteristics are as of the date indicated and can be expected to change. The Fund is a closed-end U.S.-registered management investment company advised by AllianceBernstein L. P.

SOURCE AllianceBernstein National Municipal Income Fund, Inc.

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