AllianceBernstein National Municipal Income Fund, Inc. Reports Third Quarter Earnings

NEW YORK, Sept. 29 /PRNewswire-FirstCall/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB), a registered closed-end investment company, today announced earnings for the Fund's third fiscal quarter ended July 31, 2009.

Total net assets of the Fund* on July 31, 2009 were $608,352,250, as compared with $598,990,456 on April 30, 2009 and $642,683,156 on July 31, 2008. On July 31, 2009, the net asset value per share of common stock was $12.77 based on 28,662,865 shares of common stock outstanding.

                         July 31, 2009   April 30, 2009   July 31, 2008

    Total Net Assets      $608,352,250     $598,990,456    $642,683,156
    NAV Per Share               $12.77           $12.45          $13.97
    Shares Outstanding      28,662,865       28,656,080      28,656,080

For the period May 1, 2009 through July 31, 2009, total net investment income was $7,880,940 or $0.27 per share of common stock. The total net realized and unrealized gain was $8,218,675 or $0.29 per share of common stock for the same period.

                           Third Quarter    Second Quarter    Third Quarter
                                   Ended             Ended            Ended
                           July 31, 2009    April 30, 2009    July 31, 2008

    Total Net Investment
      Income                  $7,880,940        $7,579,616       $7,817,525
    Per Share                      $0.27             $0.26            $0.27
    Total Net Realized/
     Unrealized Gain/(Loss)   $8,218,675       $20,335,348     ($12,015,989)
    Per Share                      $0.29             $0.71           ($0.42)

* Total net assets include assets attributable to both common and preferred shares.

AllianceBernstein National Municipal Income Fund, Inc. is managed by AllianceBernstein L.P.

SOURCE AllianceBernstein National Municipal Income Fund, Inc.