AllianceBernstein National Municipal Income Fund Announces Joint Annual Meeting

TL;DR

<b>AllianceBernstein National Municipal Income Fund will hold a Joint Annual Meeting on March 26, 2024, to elect directors and ratify auditors.</b>

AI Summary

ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND (AFB) filed a Proxy Statement (DEF 14A) with the SEC on February 22, 2024. Joint Annual Meeting of Stockholders for AGHIF and ANMIF scheduled for March 26, 2024. The meeting will include the election of three Class Three Directors for each Fund. Stockholders will vote on ratifying the appointment of Ernst & Young LLP as the independent registered public accounting firm. The fiscal year end for AGHIF is March 31, 2025, and for ANMIF is October 31, 2024. The proxy statement is dated February 28, 2024.

Why It Matters

For investors and stakeholders tracking ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND, this filing contains several important signals. Stockholders will vote on the election of directors, which directly impacts the governance and strategic direction of the fund. The ratification of the independent auditor is crucial for maintaining financial transparency and investor confidence.

Risk Assessment

Risk Level: low — ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational concerns indicated.

Analyst Insight

Review the director nominees and auditor ratification to make informed voting decisions before the March 26, 2024 meeting.

Key Numbers

• 3 — Class Three Directors (To be elected for each Fund.)
• March 26, 2024 — Meeting Date (Joint Annual Meeting of Stockholders.)
• 3:00 p.m. Eastern Time — Meeting Time (Joint Annual Meeting of Stockholders.)
• 2025 — Fiscal Year End (AGHIF) (For independent registered public accounting firm appointment.)
• 2024 — Fiscal Year End (ANMIF) (For independent registered public accounting firm appointment.)

Key Players & Entities

• ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND (company) — Registrant
• ALLIANCEBERNSTEIN GLOBAL HIGH INCOME FUND, INC. (company) — Co-registrant
• Ernst & Young LLP (company) — Independent registered public accounting firm
• March 26, 2024 (date) — Joint Annual Meeting date
• February 28, 2024 (date) — Proxy Statement date
• 1345 Avenue of the Americas, New York, New York 10105 (address) — Business Address

FAQ

Risk Factors

• Director Elections [medium — regulatory]: Stockholders will vote on the election of three Class Three Directors for each Fund, whose terms will end at the third annual meeting following their election.
• Auditor Ratification [medium — regulatory]: The appointment of Ernst & Young LLP as the independent registered public accounting firm for fiscal years ending March 31, 2025 (AGHIF) and October 31, 2024 (ANMIF) will be ratified.

Industry Context

The filing pertains to a closed-end investment fund, specifically a municipal income fund, and its corporate governance procedures.

Regulatory Implications

The filing is made under Section 14(a) of the Securities Exchange Act of 1934, governing proxy solicitations.

What Investors Should Do

1. Review the proxy statement for details on director nominees.
2. Evaluate the ratification of Ernst & Young LLP as the independent auditor.
3. Vote by the deadline for the March 26, 2024, Joint Annual Meeting.

Key Dates

• 2024-03-26: Joint Annual Meeting of Stockholders — Election of directors and ratification of independent auditor.
• 2024-02-28: Proxy Statement Date — Date of the official proxy statement provided to stockholders.

Year-Over-Year Comparison

This is a definitive proxy statement (DEF 14A) filed on February 22, 2024, for a meeting scheduled for March 26, 2024, indicating a routine annual corporate governance event.

Key Financial Figures

• $10,001 — DIRECTORS Jorge A. Bermudez AGHIF: $10,001-$50,000 Over $100,000 Michael J. Do
• $50,000 — S Jorge A. Bermudez AGHIF: $10,001-$50,000 Over $100,000 Michael J. Downey AG
• $100,000 M — rmudez AGHIF: $10,001-$50,000 Over $100,000 Michael J. Downey AGHIF: $10,001-$50,0
• $100,000 — Downey AGHIF: $10,001-$50,000 Over $100,000 Nancy P. Jacklin AGHIF: $10,001-$5
• $50,001 — 000 Marshall C. Turner, Jr. ANMIF: $50,001-$100,000 Over $100,000 INTERESTED D

Filing Documents

• d10983245_def-14a.htm (DEF 14A) — 215KB
• g748165g11m12.jpg (GRAPHIC) — 25KB
• g748165g67z55.jpg (GRAPHIC) — 21KB
• image_002.jpg (GRAPHIC) — 90KB
• image_003.jpg (GRAPHIC) — 65KB
• image_004.jpg (GRAPHIC) — 89KB
• image_005.jpg (GRAPHIC) — 65KB
• 0000919574-24-001647.txt (&nbsp;) — 702KB

From the Filing

DEF 14A 1 d10983245_def-14a.htm SCHEDULE 14A INFORMATION (RULE 14a-101) PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. ) Filed by the Registrant [X] Filed by a Party other than the Registrant [_] Check the appropriate box: [_] Preliminary Proxy Statement [_] Confidential, for Use of the Commission Only (as permitted by Rule14a-6(e)(2)) [X] Definitive Proxy Statement [_] Definitive Additional Materials [_] Soliciting Material Under Rule 14a-12 AllianceBernstein National Municipal Income Fund, Inc. (Name of Registrant as Specified in Its Charter) (Name of Persons(s) Filing Proxy Statement, if Other Than the Registrant) Payment of Filing Fee (Check the appropriate box): [X] No fee required. [_] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: (5) Total fee paid: [_] Fee paid previously with preliminary materials: [_] Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the form or schedule and the date of its filing. (1) Amount previously paid: (2) Form, Schedule or Registration Statement No.: (3) Filing Party: (4) Date Filed: ALLIANCEBERNSTEIN GLOBAL HIGH INCOME FUND, INC. ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND, INC. 1345 Avenue of the Americas, New York, New York 10105 Toll Free (800) 221-5672 NOTICE OF JOINT ANNUAL MEETING OF STOCKHOLDERS MARCH 26, 2024 To the stockholders of AllianceBernstein Global High Income Fund, Inc. (AGHIF) and AllianceBernstein National Municipal Income Fund, Inc. (ANMIF): Notice is hereby given that a Joint Annual Meeting of Stockholders (the Meeting) of AGHIF and ANMIF, each of which is a Maryland corporation (each, a Fund and collectively, the Funds), will be held on Tuesday, March 26, 2024 at 3:00 p.m., Eastern Time, for the following purposes, each of which is more fully described in the accompanying Proxy Statement dated February 28, 2024: 1. To elect three Class Three Directors of each Fund, each such Director to hold office for a term ending at the third annual meeting of stockholders following his or her election and until his or her successor is duly elected and qualifies; 2. To ratify the appointment of Ernst & Young LLP as each Funds independent registered public accounting firm for the fiscal year ending, as applicable, March 31, 2025 (AGHIF) and October 31, 2024 (ANMIF); and 3. To transact such other business as may properly come before the Meeting or any postponement or adjournment thereof. The Meeting will be held in a virtual meeting format only, which will be conducted online via a live webcast at www.meetnow.global/MNJUX7D . Stockholders may attend and vote at the virtual Meeting by following the instructions included in the accompanying Proxy Any stockholder of record of AGHIF or ANMIF at the close of business on February 20, 2024 is entitled to notice of, and to vote at, the Meeting or any postponement or adjournment thereof. The enclosed proxy is being solicited on behalf of the Board of Directors of each Fund. By Order of the Boards of Directors, Nancy E. Hay Secretary New York, New York February 28, 2024 YOUR VOTE IS IMPORTANT Please indicate your voting instructions on the enclosed Proxy Card, sign and date it, and return it in the envelope provided, which needs no postage if mailed in the United States. You may also, by telephone or through the Internet, authorize proxies to cast your vote. To do so, please follow the instructions on the enclosed Proxy Card. Your vote is very important no matter how many shares you own. Please complete, date, sign and return your proxy promptly in order to save the Funds any additional cost of further proxy solicitation and in order for the Meeting to be held as scheduled. The [A/B] Logo is a service mark of AllianceBernstein and AllianceBernstein &reg; is a registered trademark used by permission of its owner, AllianceBernstein L.P. PROXY STATEMENT ALLIANCEBERNSTEIN GLOBAL HIGH INCOME FUND, INC. ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND, INC. 1345 Avenue of the Americas New York, New York 10105 JOINT ANNUAL MEETING OF STOCKHOLDERS March 26, 2024 INTRODUCTION This Proxy Statement is furnished in connection with the solicitation of proxies on behalf of the respective Boards of Directors (collectively, the Board) of AllianceBernstein Global High Income Fund, Inc. (AGHIF

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View this DEF 14A filing on SEC EDGAR