UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-10573
ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND, INC.
| (Exact name of registrant as specified in charter) |
1345 Avenue of the Americas, New York, New York 10105
(Address of principal executive offices) (Zip code)
Joseph J. Mantineo
AllianceBernstein L.P.
1345 Avenue of the Americas
New York, New York 10105
| (Name and address of agent for service) |
Registrant’s telephone number, including area code: (800) 221-5672
Date of fiscal year end: October 31, 2008
Date of reporting period: January 31, 2008
| ITEM 1. | SCHEDULE OF INVESTMENTS. |
AllianceBernstein National Municipal Income Fund
Portfolio of Investments
January 31, 2008 (unaudited)
| Principal Amount (000) |
U.S. $ Value | |||||
| MUNICIPAL OBLIGATIONS - 165.8% |
||||||
| Long-Term Municipal Bonds - 164.1% |
||||||
| Alabama - 6.3% |
||||||
| Huntsville Hlth Care Auth |
$ | 6,000 | $ | 6,760,920 | ||
| Jefferson Cnty Ltd Oblig Sch Warrants |
3,100 | 3,324,554 | ||||
| Jefferson Cnty Swr Rev |
1,535 | 1,681,270 | ||||
| Jefferson Cnty Swr Rev |
2,905 | 3,031,629 | ||||
| Jefferson Cnty Wtr & Swr Rev |
2,465 | 2,710,835 | ||||
| Marshall Cnty Hlth Care Auth |
2,500 | 2,572,875 | ||||
| Series 02D 5.75%, 1/01/32 |
3,000 | 3,080,910 | ||||
| Montgomery Spl Care Fac Fin Auth |
1,500 | 1,517,430 | ||||
| Montgomery Spl Care Fac Fin Auth |
1,810 | 2,053,264 | ||||
| 26,733,687 | ||||||
| Alaska - 3.9% |
||||
| Alaska Intl Arpt Rev |
2,000 | 2,053,340 | ||
| Alaska Muni Bond Bank Auth |
1,345 | 1,398,127 | ||
| 5.00%, 2/15/22 |
1,585 | 1,661,349 | ||
| Alaska Muni Bond Bank Auth |
3,000 | 3,399,120 | ||
| Anchorage Wastewtr Rev |
3,050 | 3,436,466 | ||
| Four Dam Pool Alaska |
2,195 | 2,258,567 | ||
| Four Dam Pool Elec Rev |
1,035 | 1,056,549 | ||
| 5.25%, 7/01/26 |
1,385 | 1,414,362 | ||
| 16,677,880 | ||||
| Arizona - 1.7% |
||||
| Arizona Cap Fac Fin Corp Student Hsg Rev |
1,550 | 1,571,127 | ||
| Phoenix Civic Impr Corp. Wastewtr Sys Rev |
1,250 | 1,313,487 | ||
| Salt Verde Financial Corp. |
4,150 | 4,219,223 | ||
| 7,103,837 | ||||
| Arkansas - 0.7% |
||||
| Arkansas Dev Fin Auth SFMR |
3,130 | 3,158,577 | ||
| California - 8.4% |
||||
| California St GO |
2,450 | 2,465,166 | ||
| Series 04 5.00%, 2/01/33 |
1,100 | 1,106,281 | ||
| California St GO |
20 | 20,531 |
| Chula Vista IDR |
4,000 | 4,200,600 | ||
| Coachella Valley USD |
1,000 | 1,025,360 | ||
| Golden St Tobacco Securitization Corp. |
2,250 | 2,532,938 | ||
| XLCA Series 03B 5.50%, 6/01/33 |
3,000 | 3,377,250 | ||
| Hartnell Comnty Coll |
1,155 | 1,290,920 | ||
| La Quinta Fin Auth Loc Agy |
2,000 | 2,126,540 | ||
| Los Angeles Comnty Redev Agy |
1,715 | 1,759,693 | ||
| Los Angeles Regl Arpts |
9,500 | 9,720,210 | ||
| Pomona COP |
3,000 | 3,216,900 | ||
| San Rafael Elem Sch Dist |
2,820 | 2,924,255 | ||
| 35,766,644 | ||||
| Colorado - 5.1% |
||||
| Avon Hsg Auth MFHR |
4,950 | 5,043,505 | ||
| Colorado Ed & Cultural Fac Auth |
500 | 492,750 | ||
| Colorado Hlth Fac Auth |
1,725 | 1,785,996 | ||
| Colorado Hlth Fac Auth |
700 | 744,555 | ||
| Colorado Hlth Fac Auth |
2,560 | 2,545,101 |
| Colorado Toll Rev |
10,000 | 1,423,300 | ||
| Denver City & Cnty MFHR |
2,155 | 2,174,007 | ||
| Northwest Metro Dist No. 3 GO |
1,000 | 904,030 | ||
| Park Creek Metro Dist Rev Ltd |
3,000 | 2,952,030 | ||
| 5.50%, 12/01/30 |
890 | 879,667 | ||
| Todd Creek Farms Metro Dist No 1 |
1,970 | 1,887,536 | ||
| Series 04 6.125%, 12/01/19 |
1,180 | 1,144,411 | ||
| 21,976,888 | ||||
| District Of Columbia - 2.8% |
||||
| Dist of Columbia Conv Ctr |
8,500 | 8,397,915 | ||
| Dist of Columbia Spl Tax Rev |
3,500 | 3,647,175 | ||
| 12,045,090 | ||||
| Florida - 16.6% |
||||
| Beacon Tradeport CDD |
4,930 | 5,065,674 | ||
| Brevard Cnty HFA SFMR |
680 | 683,515 | ||
| Collier Cnty CFD |
2,910 | 2,936,888 | ||
| Series 02B 6.625%, 5/01/33 |
2,185 | 2,175,430 | ||
| Dade Cnty Arpt Rev |
6,040 | 6,112,601 |
| Florida Ed & Athletic Fac |
5,000 | 5,082,650 | ||
| Florida Hsg Fin Corp MFHR |
3,000 | 3,027,510 | ||
| Florida Hsg Fin Corp Rev MFHR |
8,780 | 8,862,883 | ||
| Hamal CDD |
2,460 | 2,800,120 | ||
| Lee Cnty Arpt Rev |
9,500 | 9,916,745 | ||
| Lee Cnty Hlth Fac Auth Rev |
6,170 | 6,572,099 | ||
| Miami Beach Hlth Fac Auth |
4,000 | 4,124,200 | ||
| Miami-Dade Cnty Spl Oblig |
4,000 | 4,167,360 | ||
| Midtown Miami CDD |
2,500 | 2,358,725 | ||
| Miromar Lakes CDD |
1,185 | 1,198,841 | ||
| Orange Cnty Hosp Rev |
2,800 | 3,168,704 | ||
| Pinellas Cnty HFA SFMR |
695 | 697,231 | ||
| Univ of Central Florida Athletics Assoc, Inc. |
1,325 | 1,377,496 |
| Village CDD |
745 | 767,544 | ||
| 71,096,216 | ||||
| Georgia - 1.5% |
||||
| Cartersville Dev Auth AMT |
2,510 | 2,582,464 | ||
| Georgia HFA SFMR |
3,790 | 3,953,046 | ||
| 6,535,510 | ||||
| Hawaii - 1.1% |
||||
| Hawaii St Dept of Budget & Fin Spl |
4,500 | 4,612,635 | ||
| Illinois - 18.2% |
||||
| Bolingbrook GO |
5,000 | 5,515,900 | ||
| Chicago |
1,785 | 1,988,080 | ||
| Chicago |
380 | 395,941 | ||
| Chicago Arpt Rev |
4,860 | 4,926,193 | ||
| Chicago Arpt Rev |
15,000 | 15,217,800 | ||
| Chicago GO |
9,135 | 9,905,994 | ||
| Chicago GO |
5,450 | 5,804,032 | ||
| Chicago Hsg Agy SFMR |
510 | 539,799 |
| Chicago Incr Alloc |
1,900 | 1,961,465 | ||
| Chicago Parking Rev |
8,600 | 9,015,982 | ||
| Chicago Sales Tax Rev |
5,710 | 5,872,335 | ||
| Cook Cnty Sch Dist |
2,000 | 2,153,500 | ||
| Gilberts Spl Svc Area No 15 Spl Tax |
2,766 | 2,617,908 | ||
| Hampshire Spl Svc Area No 14 |
1,845 | 1,729,208 | ||
| Illinois Fin Auth |
1,495 | 1,555,548 | ||
| Illinois Fin Auth |
1,250 | 1,190,625 | ||
| Manhattan |
1,863 | 1,777,470 | ||
| Metro Pier & Expo Auth |
5,500 | 5,707,515 | ||
| 77,875,295 | ||||
| Indiana - 4.5% |
||||
| Hendricks Cnty Bldg Fac Corp. |
1,045 | 1,138,370 | ||
| Hendricks Cnty Bldg Fac Corp. |
1,105 | 1,198,505 | ||
| Indiana Bd Bk Rev |
1,100 | 1,163,459 | ||
| Indiana Dev Fin Auth |
2,925 | 2,968,963 |
| Indiana HFA SFMR |
1,735 | 1,754,970 | ||
| Indianapolis Pub Impr Bond Bank |
10,000 | 11,082,900 | ||
| 19,307,167 | ||||
| Iowa - 0.2% |
||||
| Coralville Urban Rev Tax Incr |
260 | 268,991 | ||
| Iowa Fin Auth SFMR |
390 | 392,157 | ||
| 661,148 | ||||
| Kansas - 0.3% |
||||
| Lenexa Hlth Care Fac |
1,395 | 1,340,693 | ||
| Louisiana - 5.3% |
||||
| Calcasieu Parish SFMR |
315 | 324,585 | ||
| Ernest N Morial-New Orleans |
4,020 | 4,501,154 | ||
| Louisiana HFA SFMR |
1,095 | 1,097,354 | ||
| Louisiana St Agriculture Fin Auth |
4,270 | 4,366,801 | ||
| New Orleans GO |
1,000 | 1,086,690 | ||
| MBIA Series 05 5.00%, 12/01/29 |
2,700 | 2,761,209 | ||
| RADIAN 5.00%, 12/01/22 |
5,875 | 5,951,963 | ||
| New Orleans Ltd. Tax |
2,285 | 2,466,817 | ||
| 22,556,573 | ||||
| Massachusetts - 4.8% |
||||
| Massachusetts Hlth & Ed Fac Hosp Rev |
2,000 | 2,054,700 | ||
| Massachusetts Hlth & Ed Fac Hosp Rev |
2,100 | 2,071,755 | ||
| Massachusetts Hlth & Ed Fac Hosp Rev |
2,900 | 2,951,214 | ||
| Massachusetts Hsg Fin Agy |
1,740 | 1,786,893 | ||
| Massachusetts Hsg Fin Agy MFHR |
540 | 561,665 | ||
| Massachusetts St GO |
6,530 | 7,241,248 | ||
| Massachusetts St GO |
3,470 | 3,847,952 | ||
| 20,515,427 | ||||
| Michigan - 6.1% |
||||
| Detroit Swr Disp |
5,000 | 5,420,450 | ||
| Detroit Tax Incr |
1,605 | 1,481,463 | ||
| Kent Hosp Fin Auth |
1,080 | 1,098,144 | ||
| Michigan Hosp Fin Auth |
3,000 | 3,157,290 | ||
| Michigan Strategic Fund |
5,000 | 5,202,800 |
| Plymouth Ed Ctr Charter Sch Pub Sch |
2,140 | 2,034,391 | ||
| Saginaw Hosp Fin Auth |
7,185 | 7,553,160 | ||
| 25,947,698 | ||||
| Minnesota - 0.5% |
||||
| Shakopee Hlth Care Fac |
1,200 | 1,187,604 | ||
| St. Paul Hsg & Redev Auth |
1,000 | 1,016,650 | ||
| 2,204,254 | ||||
| Mississippi - 1.2% |
||||
| Adams Cnty PCR |
1,000 | 1,016,530 | ||
| Gulfport Hosp Fac Rev |
4,000 | 4,061,400 | ||
| 5,077,930 | ||||
| Missouri - 0.4% |
||||
| Missouri SFMR |
1,095 | 1,136,019 | ||
| Riverside IDA |
600 | 549,942 | ||
| 1,685,961 | ||||
| Nevada - 10.6% |
||||
| Carson City Hosp Rev |
4,700 | 4,738,446 | ||
| Clark Cnty Arpt Rev |
11,920 | 13,007,939 | ||
| Nevada Dept Bus & Indl |
6,720 | 6,182,064 |
| Reno Cap Impr Rev |
4,710 | 5,234,788 | ||
| Reno Cap Impr Rev |
2,790 | 2,966,914 | ||
| Truckee Meadows Wtr Auth |
12,000 | 13,095,240 | ||
| 45,225,391 | ||||
| New Hampshire - 1.3% |
||||
| New Hampshire Hlth & Ed Fac |
820 | 842,058 | ||
| New Hampshire Hlth & Ed Fac |
4,200 | 4,762,506 | ||
| 5,604,564 | ||||
| New Jersey - 1.8% |
||||
| Morris-Union Jointure Commn COP |
7,185 | 7,152,811 | ||
| New Jersey EDA |
500 | 534,345 | ||
| 7,687,156 | ||||
| New Mexico - 1.4% |
||||
| Dona Ana Cnty Tax Rev |
500 | 523,945 | ||
| Univ of New Mexico |
5,430 | 5,665,336 | ||
| 6,189,281 | ||||
| New York - 1.9% |
||||
| Erie Cnty IDA Sch Fac Rev |
810 | 903,612 | ||
| New York City GO |
1,600 | 1,659,776 | ||
| Series 04I 5.00%, 8/01/21 |
3,300 | 3,454,308 |
| New York St HFA |
300 | 312,921 | ||
| Ulster Cnty IDA |
1,775 | 1,727,039 | ||
| 8,057,656 | ||||
| North Carolina - 1.6% |
||||
| Charlotte NC Arpt Rev |
2,895 | 3,069,047 | ||
| North Carolina Eastern Muni Pwr Agy Pwr |
3,500 | 3,803,765 | ||
| 6,872,812 | ||||
| North Dakota - 1.1% |
||||
| North Dakota HFA SFMR |
1,115 | 1,128,190 | ||
| North Dakota HFA SFMR |
1,630 | 1,638,020 | ||
| Ward Cnty Hlth Care Fac |
2,075 | 2,085,274 | ||
| 4,851,484 | ||||
| Ohio - 3.5% |
||||
| Cleveland Cuyahoga Port Auth |
5,000 | 5,139,350 | ||
| Cuyahoga Cnty Hosp Fac Rev |
2,400 | 2,524,344 | ||
| Fairfield Cnty Hosp Rev |
5,210 | 5,226,298 | ||
| Port Auth of Columbiana Cnty Swr |
1,840 | 1,891,777 | ||
| 14,781,769 | ||||
| Oregon - 1.1% |
||||
| Forest Grove Rev |
4,760 | 4,676,414 | ||
| Pennsylvania - 4.0% |
||||
| Alleghany Cnty IDA |
500 | 486,535 | ||
| Allegheny Cnty Dev Auth Hosp |
4,800 | 4,116,768 | ||
| Montgomery Cnty IDA |
875 | 880,442 | ||
| Pennsylvania EDA |
4,100 | 4,096,925 | ||
| Pennsylvania Trpk Transp Rev |
2,000 | 2,186,540 | ||
| Philadelphia Auth IDR |
1,150 | 1,048,363 | ||
| Philadelphia Gas Wks Rev |
3,045 | 3,278,246 | ||
| Wilkes-Barre Fin Auth |
990 | 997,148 | ||
| 17,090,967 | ||||
| Puerto Rico - 2.3% |
||||
| Puerto Rico Comwlth GO |
2,625 | 2,716,796 | ||
| Series 01A 5.50%, 7/01/19 |
1,705 | 1,866,890 | ||
| Series 03A 5.25%, 7/01/23 |
500 | 512,010 | ||
| Puerto Rico Comwlth Govt Dev Bank |
1,000 | 1,074,190 | ||
| Puerto Rico Pub Bldg Auth |
3,370 | 3,583,422 | ||
| 9,753,308 | ||||
| Rhode Island - 1.6% |
||||
| Rhode Island Hlth & Ed Bldg Corp Rev |
5,845 | 5,919,115 | ||
| Rhode Island Hlth & Ed Bldg Corp Rev |
1,000 | 1,085,130 | ||
| 7,004,245 | ||||
| South Carolina - 2.5% |
||||
| Charleston Cnty Sch Dist |
2,000 | 2,051,420 | ||
| Dorchester Cnty Sch Dist No 2 |
1,600 | 1,644,704 | ||
| Newberry Investing in Childrens Ed |
5,450 | 5,613,173 | ||
| Series 05 5.00%, 12/01/30 |
550 | 510,510 | ||
| Scago Ed Fac Corp. for Calhoun Sch Dist |
1,000 | 1,019,220 | ||
| 10,839,027 | ||||
| Tennessee - 4.9% |
||||
| Johnson City Hlth & Ed Fac Hosp Rev |
2,140 | 2,103,941 | ||
| Sullivan Cnty Hlth Ed |
1,760 | 1,756,322 | ||
| Sullivan Cnty Hlth Ed |
725 | 724,115 | ||
| Tennessee Ed Loan Rev |
8,985 | 8,999,825 | ||
| Tennessee Energy Acquisition Corp |
7,000 | 7,167,950 | ||
| 20,752,153 | ||||
| Texas - 22.1% |
||||
| Bexar Cnty Hlth Fac Dev Corp Rev |
525 | 489,158 | ||
| Bexar Cnty Hsg Fin Corp MFHR |
14,625 | 14,986,969 | ||
| Camino Real Regl Mobility Auth |
480 | 487,397 |
| Series 2008 5.00%, 8/15/21 |
1,210 | 1,231,042 | ||
| Dallas Arpt Rev |
2,000 | 2,025,520 | ||
| Dallas-Fort Worth Arpt Rev |
6,500 | 6,567,145 | ||
| Frisco GO |
3,220 | 3,398,452 | ||
| Garza Cnty Pub Fac Corp. |
865 | 895,059 | ||
| Gulf Coast Waste Disp Auth |
9,000 | 9,378,630 | ||
| Harris Cnty |
4,000 | 4,181,920 | ||
| Harris Cnty Toll Road Rev |
7,500 | 8,293,800 | ||
| Hidalgo Cnty Hlth Svc |
1,090 | 1,111,259 | ||
| Houston Area Wtr Corp. |
7,000 | 7,684,320 | ||
| Lewisville Combination Contract |
1,100 | 1,089,275 | ||
| Lower Colorado River Auth Texas Auth |
30 | 33,278 | ||
| Lower Colorado River Texas Auth |
1,460 | 1,484,251 | ||
| Lower Colorado River Auth |
125 | 140,184 | ||
| MBIA Series 02A 5.00%, 5/15/31 |
10 | 11,093 |
| Lower Colorado River Auth |
1,675 | 1,749,303 | ||
| Matagorda Cnty Rev |
2,000 | 2,026,680 | ||
| McAllen Wtr & Swr Rev |
3,215 | 3,487,483 | ||
| Richardson Hosp Auth |
3,465 | 3,549,442 | ||
| Richardson Hosp Auth Rev |
2,745 | 2,879,121 | ||
| San Antonio Arpt Rev AMT |
5,250 | 5,340,457 | ||
| Seguin Hgr Ed Auth |
1,000 | 993,740 | ||
| Seguin Hgr Ed Auth |
1,250 | 1,222,412 | ||
| Texas St GO AMT |
9,470 | 9,882,229 | ||
| 94,619,619 | ||||
| Utah - 0.8% |
||||
| Davis Cnty Sales Tax Rev |
2,005 | 2,121,390 | ||
| Utah Hsg Corp MFHR |
1,480 | 1,517,873 | ||
| 3,639,263 | ||||
| Virginia - 2.0% |
||||
| Fauquier Cnty IDA Hosp Rev |
8,500 | 8,508,840 | ||
| Washington - 3.6% |
||||
| King Cnty Swr Rev |
3,000 | 3,095,880 | ||
| Seattle Hsg Auth Rev MFHR |
1,475 | 1,503,954 | ||
| Twenty-Fifth Ave Ppty |
9,750 | 10,033,725 | ||
| Washington Hlth Care Fac Auth |
600 | 600,000 | ||
| 15,233,559 | ||||
| Wisconsin - 6.4% |
||||
| Wisconsin Hlth & Ed Fac Auth |
1,000 | 1,006,720 | ||
| Series 05 5.00%, 7/01/20 |
1,785 | 1,853,134 | ||
| Wisconsin Hlth & Ed Fac Hosp Rev |
13,615 | 14,057,351 | ||
| Wisconsin Hsg Auth SFMR |
4,880 | 4,980,870 | ||
| Series 02A 5.50%, 9/01/32 |
1,530 | 1,546,019 | ||
| Wisconsin St GO |
3,700 | 3,729,082 | ||
| 27,173,176 | ||||
| Total Long-Term Municipal Bonds |
701,439,794 | |||
| Short-Term Municipal Notes - 1.7% |
||||
| Kentucky - 0.4% |
||||
| Christian Cnty |
2,000 | 2,000,000 | ||
| Nevada - 0.6% |
||||
| Clark Cnty Sch Dist |
2,500 | 2,500,000 | ||
| Tennessee - 0.7% |
||||
| Chattanooga Hlth Ed & Hsg Fac Brd |
2,900 | 2,900,000 | ||
| Total Short-Term Municipal Notes |
7,400,000 | |||
| Total Investments - 165.8% |
708,839,794 | |||
| Other assets less liabilities - 0.9% |
3,616,025 | |||
| Preferred Stock at redemption value - (66.7)% |
(285,000,000 | ) | ||
| Net Assets Applicable to |
$ | 427,455,819 | ||
INTEREST RATE SWAP TRANSACTIONS
| Rate Type | |||||||||||||||
| Swap Counterparty |
Notional Amount (000) |
Termination Date |
Payments made by the Portfolio |
Payments received by the Portfolio |
Unrealized Appreciation/ (Depreciation) |
||||||||||
| Citibank, N.A. (h) |
$ | 7,100 | 2/20/08 | MMD | + | MMD | ++ | $ | 187,944 | ||||||
| Merrill Lynch |
95,000 | 9/06/09 | 3.375 | % | BMA | * | (1,745,809 | ) | |||||||
| Merrill Lynch |
3,000 | 7/30/26 | 4.090 | % | BMA | * | (177,974 | ) | |||||||
| Merrill Lynch |
6,500 | 8/09/26 | 4.063 | % | BMA | * | (368,711 | ) | |||||||
| Merrill Lynch |
7,100 | 11/15/26 | 4.378 | % | BMA | * | (690,530 | ) | |||||||
| + | If MMD on February 20, 2008 exceeds the strike rate of 3.29%, the portfolio makes a payment equal to the difference in basis points multipled by .047 multiplied by the Notional Amount. |
| ++ | If MMD on February 20, 2008 is less than the strike rate of 3.29%, the portfolio receives a payment equal to the difference in basis points multipled by .047 multiplied by the Notional Amount. |
| * | Variable interest rate based on the Securities Industry & Financial Markets Association, formerly the Bond Market Association (BMA). |
FINANCIAL FUTURES CONTRACTS
| Type |
Number of Contracts |
Expiration Month |
Original Value |
Value at January 31, 2008 |
Unrealized Appreciation/ (Depreciation) |
|||||||||
| Sold Contracts |
||||||||||||||
| U.S. T-Note 5 |
60 | March 2008 |
$ | 6,603,525 | $ | 6,780,000 | $ | (176,475 | ) | |||||
| (a) | Position, or a portion thereof, has been segregated to collateralize interest rate swaps. |
| (b) | Variable rate coupon, rate shown as of January 31, 2008. |
| (c) | Indicates a security that has a zero coupon that remains in effect until a predetermined date at which time the stated coupon rate becomes effective until final maturity. |
| (d) | Position, or a portion thereof, has been segregated to collateralize margin requirements for open futures contracts. The market value of this security amounted to $69,956. |
| (e) | Inverse Floater Security - Security with variable or floating interest rate that moves in the opposite direction of short-term interest rates. |
| (f) | Variable Rate Demand Notes (VRDN) are instruments whose interest rates change on a specific date (such as coupon date or interest payment date) or whose interest rates vary with changes in a designated base rate (such as the prime interest rate). This instrument is payable on demand and is secured by letters of credit or other credit support agreements from major banks. |
| (g) | Portfolio percentages are calculated based on net assets applicable to common shareholders. |
| (h) | Rate lock swap agreement where a payment or receipt of cash is made on the termination date based on the difference between the strike rate and the Municipal Market Data General obligation, 2013, AAA Index (MMD). |
As of January 31, 2008, the Fund held 59% of total investments in insured bonds (of this amount 28% represents the Fund’s holding in pre-refunded bonds).
| Glossary: | ||||
| ACA |
- |
ACA Capital | ||
| AMBAC |
- |
American Bond Assurance Corporation | ||
| AMT |
- |
Alternative Minimum Tax (subject to) | ||
| ASSURED GTY |
- |
Assured Guaranty | ||
| CDD |
- |
Community Development District | ||
| CFD |
- |
Community Facilities District | ||
| COP |
- |
Certificate of Participation | ||
| FGIC |
- |
Financial Guaranty Insurance Company | ||
| FHLB |
- |
Federal Home Loan Bank | ||
| FNMA |
- |
Federal National Mortgage Association | ||
| FSA |
- |
Financial Security Assurance Inc. | ||
| GNMA |
- |
Government National Mortgage Association | ||
| GO |
- |
General Obligation | ||
| HFA |
- |
Housing Finance Authority | ||
| IDA |
- |
Industrial Development Authority/Agency | ||
| IDR |
- |
Industrial Development Revenue | ||
| MBIA |
- |
Municipal Bond Investors Assurance | ||
| MFHR |
- |
Multi-Family Housing Revenue | ||
| MTN |
- |
Medium Term Note | ||
| RADIAN |
- |
Radian Group, Inc. | ||
| SFMR |
- |
Single Family Mortgage Revenue | ||
| XLCA |
- |
XL Capital Assurance Inc. | ||
| ITEM 2. | CONTROLS AND PROCEDURES. |
(a) The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended) are effective at the reasonable assurance level based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this document.
(b) There were no changes in the registrant’s internal controls over financial reporting that occurred during the last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.
| ITEM 3. | EXHIBITS. |
The following exhibits are attached to this Form N-Q:
| EXHIBIT NO. |
DESCRIPTION OF EXHIBIT | |
| 3 (a) (1) | Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | |
| 3 (a) (2) | Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| (Registrant): AllianceBernstein National Municipal Income Fund, Inc. | ||
| By: | /s/ Marc O. Mayer | |
| Marc O. Mayer | ||
| President | ||
Date: March 26, 2008
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| By: | /s/ Marc O. Mayer | |
| Marc O. Mayer | ||
| President | ||
Date: March 26, 2008
| By: | /s/ Joseph J. Mantineo | |
| Joseph J. Mantineo | ||
| Treasurer and Chief Financial Officer | ||
Date: March 26, 2008