Director R Jay Gerken buys 2,500 shares of AFB at $10.96 on 2026-05-22, establishing initial position.
R Jay Gerken, a Director of AllianceBernstein National Municipal Income Fund, purchased 2,500 shares at $10.96 on 2026-05-22, totaling $27,387.50, establishing a new position from zero prior holdings. The purchase price of $10.96 is near the current price of $11.18 and sits within the 52-week range of $10.05–$11.25, placing the entry point toward the lower end of recent trading activity. For a closed-end municipal income fund, an initial director share purchase is a routine governance or alignment gesture; the modest size and inaugural nature of the holding provide limited signal regarding fund performance or director conviction about market direction.