SEC Form 4 · accession 0001567619-18-008488
ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND · AFB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Dec 19, 2018
Accepted (ET)
Dec 21, 2018 · 12:47 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001162027
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Auction Rate Preferred SharesF1,F3,F4 | Dec 19, 2018 | J | 1,770 | — | D | 0 | I | By Subsidiary |
| Variable Rate MuniFund Term Preferred SharesF2,F3,F4 | Dec 19, 2018 | J | 3,531 | — | A | 9,175 | I | By Subsidiary |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The 1,770 auction rate preferred shares shown reported as disposed of in Table I represent auction rate preferred shares of the Issuer ("ARP Shares") that were beneficially owned in part by Bank of America, N.A. ("BANA") and in part by Blue Ridge Investments, L.L.C. ("Blue Ridge"). The ARP Shares were sold to the Issuer as a result of a tender offer made by the Issuer for an aggregate tender price of $43,720,024.61 (which included a payment equal to $24,687.50 per share (representing 98.75% percent of the $25,000 liquidation preference per share) and accrued dividends of $23,149.61). BANA and Blue Ridge are each a wholly owned subsidiaries of Bank of America Corporation.
- F2The 3,531 variable rate munifund term preferred shares (the "VMTP Shares") reported as acquired in Table I represent VMTP Shares of which 1,983 VMTP Shares are beneficially owned by Banc of America Preferred Funding Corporation ("PFC") and 1,548 VMTP Shares are beneficially owned by Blue Ridge. The VMTP Shares were acquired from the Issuer at a price of $25,000 per share. PFC held 5,644 VMTP Shares prior to the date of this filing. PFC and Blue Ridge are each a wholly owned subsidiaries of Bank of America Corporation.
- F3This statement is jointly filed by Bank of America Corporation, PFC, and Blue Ridge. Bank of America Corporation holds an indirect interest in the securities listed in Table I by virtue of its indirect ownership of its subsidiaries PFC and Blue Ridge.
- F4Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) of the US Securities Exchange Act of 1934 or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate or other group for the purpose of acquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer.