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Saba Capital Management, L.P., a ten-percent owner of ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND (NYSE:AFB), reported selling 2,509 shares of common stock on October 9, 2025. The shares were sold at a price of $10.9, for a total transaction value of $27,348. AFB, with a market capitalization of $312.46 million, has maintained a consistent dividend payment track record for 24 consecutive years, currently offering investors a 5.14% yield. According to InvestingPro, the fund demonstrates low price volatility with a beta of 0.66.
Following the transaction, Saba Capital Management, L.P. directly owns 3,019,242 shares of ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND.
The sales were disclosed in a Form 4 filing with the Securities and Exchange Commission. The filing was signed by Zachary Gindes, on behalf of Saba Capital Management, L.P., and by Boaz Weinstein.
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