Director MOODY GARRY L purchases 13,500 shares of AFB at blended $11.07, initiating position from zero holdings
Director Moody Garry L executed two purchases totaling 13,500 shares for $149,507.10 on 2025-10-31, establishing an initial position from zero prior holdings. The blended average purchase price of $11.07 sits modestly above the current price of $10.99, positioning the acquisition near recent market levels without pronounced discount. The stock trades -4.6% from its 52-week high of $11.52 and shows positive momentum over both 30-day (+0.6%) and 90-day (+7.8%) periods, reflecting a fund recovering from lower valuations seen earlier in the year (52-week low $9.89). As a closed-end fund holding municipal bonds, AFB's price action reflects broader fixed-income and municipal bond market conditions rather than operational performance, making this purchase a market-timing decision by the director at a point where the fund has recovered but remains below recent peaks.