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AllianceBernstein National Municipal Income Fund, Inc. RELEASES MONTHLY PORTFOLIO UPDATE

AllianceBernstein National Municipal Income Fund, Inc. RELEASES MONTHLY PORTFOLIO

Alliancebernstein Holding L.p.August 24, 20265
AllianceBernstein National Municipal Income Fund, Inc. RELEASES MONTHLY PORTFOLIO UPDATE

About this update from Alliancebernstein Holding L.p.

NEW YORK , Aug. 24, 2026 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of July 31, 2026. AllianceBernstein National Municipal Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio % 1) San Francisco Intl Airport Series 2026-2 5.50%, 05/01/55 3.71 % 2) Melissa Independent School District Series 2024-2 4.25%, 02/01/53 2.11 % 3) Commonwealth of Massachusetts Series 2025-2 5.00%, 01/01/54 2.00 % 4) New York Transportation Development Corp. Series 2024 Zero Coupon, 12/31/54 1.96 % 5) Oklahoma Turnpike Authority Series 2023 4.50%, 01/01/53 1.93 % 6) Dallas Independent School District Series 2024-2 4.00%, 02/15/54 1.87 % 7) State of Hawaii Airports System Revenue Series 2025-2 5.50%, 07/01/54 1.85 % 8) Worthington City School District Series 2025-2 5.50%, 12/01/54 1.85 % 9) Metropolitan Washington Airports Authority Aviation Revenue Series 2025-2 5.50%, 10/01/55 1.85 % 10) City of Atlanta GA Department of Aviation Series 2025-2 5.50%, 07/01/55 1.84 % Sector/Industry Breakdown Portfolio % Revenue Airport 14.72 % Health Care - Not-for-Profit 10.30 % Toll Roads/Transit 5.87 % Industrial Development - Airline 5.19 % Revenue - Miscellaneous 4.63 % Prepay Energy 4.36 % Primary/Secondary Ed. - Public 4.25 % Higher Education - Private 3.15 % Student Housing 2.39 % Port 2.18 % Industrial Development - Industry 2.00 % Senior Living 1.86 % Higher Education - Public 1.78 % Water & Sewer 1.50 % Electric Utility 0.57 % Tobacco Securitization 0.30 % Primary/Secondary Ed. - Private 0.17 % SUBTOTAL 65.22 % Tax Supported Local G.O. 9.79 % State G.O. 6.76 % Special Tax 3.44 % Local Lease 1.58 % Assessment District 0.54 % State Lease 0.28 % SUBTOTAL 22.39 % Guaranteed 9.89 % Asset-Backed Housing - Multi-Family 1.80 % SUBTOTAL 1.80 % Commercial Mortgage-Backed Securities Non-Agency Fixed Rate CMBS 0.51 % SUBTOTAL 0.51 % Cash & Cash Equivalents Funds and Investment Trusts 0.17 % SUBTOTAL 0.17 % Prerefunded/ETM 0.02 % Total 100.00 % State Breakdown Portfolio % Texas 12.57 % California 12.04 % Florida 8.45 % New York 8.30 % Illinois 7.49 % Massachusetts 6.22 % Wisconsin 5.80 % Ohio 4.19 % Georgia 3.68 % Hawaii 3.67 % New Hampshire 3.43 % District of Columbia 2.57 % Pennsylvania 2.49 % Oklahoma 2.32 % Arizona 1.96 % Colorado 1.96 % Louisiana 1.39 % Minnesota 1.30 % Michigan 1.26 % Alabama 0.98 % Nebraska 0.91 % Connecticut 0.90 % Utah 0.76 % Virginia 0.76 % South Carolina 0.69 % Washington 0.68 % Maryland 0.54 % Tennessee 0.52 % Indiana 0.51 % New Jersey 0.36 % Arkansas 0.35 % North Dakota 0.35 % Oregon 0.24 % South Dakota 0.13 % North Carolina 0.05 % Other 0.18 % Total Investments 100.00 % Credit Quality Breakdown Portfolio % AAA 10.45 % AA 39.31 % A 18.07 % BBB 16.72 % BB 7.94 % B 0.53 % Not Rated 6.79 % Pre-refunded Bonds 0.02 % Short Term Investments 0.17 % Total 100.00 % Bonds by Maturity Portfolio % Less than 1 Year 0.32 % 1 to 5 Years 0.13 % 5 to 10 Years 2.57 % 10 to 20 Years 14.32 % 20 to 30 Years 64.16 % More than 30 Years 18.50 % Other 0.00 % Total Net Assets 100.00 % Portfolio Statistics: AMT Percent: 21.99 % Average Coupon: 5.90 % Percentage of Leverage: Bank Borrowing: 0.00 % Investment Operations: 0.09 % Auction Preferred Shares (APS): 0.00 % Tender Option Bonds: 23.40 % VMTP Shares: 0.00 % VRDP Shares: 17.66 % Total Fund Leverage: 41.15%* Average Maturity:    14.04 Years Effective Duration:    12.36 Years Total Net Assets: $339.07 Million** Common Stock Net Asset Value: $11.80 Total Number of Holdings: 189 Portfolio Turnover: 56.00 % * The total percentage of leverage constitutes 23.40% through the use of tender option bonds, 17.66%  in issued and outstanding VRDPs and 0.09% 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 included in 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. The Fund is a closed-end U.S.-registered management investment company advised by AllianceBernstein L. P.   View original content: https://www.prnewswire.com/news-releases/alliancebernstein-national-municipal-income-fund-inc-releases-monthly-portfolio-update-302858563.html SOURCE AllianceBernstein National Municipal Income Fund, Inc.

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