Karpus Management, Inc. acquired a 12.56% stake in AllianceBernstein National Municipal Income Fund Inc. common shares. The firm reported ownership of 3,609,635 shares as of July 15, 2026 and filed its Schedule 13D on July 16, 2026. The purchase positions Karpus as a significant holder with sole voting and dispositive power over the shares.
Investor Intent
Karpus bought the shares for investment. The firm states, "Securities were acquired for investment purposes," and adds, "Karpus does not currently have any plans or proposals relating to the matters listed in Item 4(a)-(j)."
Karpus holds sole power to vote and sell the shares and reports no agreements with other parties regarding the stock.
Investor's Background
Karpus Management, Inc., doing business as Karpus Investment Management, is a registered investment adviser based in Pittsford, New York. The firm manages money for individuals, pensions, endowments, trusts, and other clients, and it is part of City of London Investment Group plc with formal information barriers in place. Karpus is known for research-driven investing in closed-end funds and fixed income strategies, often seeking value and improved shareholder outcomes.
Original SEC Filing:
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