NEW YORK, May 7, 2015 /PRNewswire/
-- AllianceBernstein Income Fund, Inc. (NYSE: ACG, the "Fund")
announced today details concerning the results of voting at the
Fund's annual meeting of stockholders on April 16, 2015 (the "Meeting"). At the
Meeting, three Directors were re-elected to the Board of Directors
by stockholders, in each case by stockholders holding over 74% of
the outstanding shares of the Fund. A non-binding stockholder
proposal was also submitted to stockholders, which requested the
Board of Directors to consider authorizing a self-tender offer for
all outstanding shares of the Fund at or close to net asset value,
and, if more than 50% of the Fund's outstanding shares are
tendered, to cancel the tender offer and take the steps necessary
to liquidate, merge or convert the Fund to an open-end mutual
fund. The non-binding stockholder proposal passed with 51.33%
of the votes cast in favor (representing approximately 28.80% of
the Fund's outstanding shares), 46.56% of the votes opposed
(representing approximately 26.13% of the Fund's outstanding
shares), and 2.11% abstaining.
The Fund further announced that its Board of Directors recently
discussed, and intends to further consider, the results of the
recent stockholder vote, as well as whether any additional actions
may be in the best interests of the Fund.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/alliancebernstein-income-fund-announces-details-of-recent-stockholder-vote-and-board-of-directors-consideration-of-results-of-vote-300079896.html
SOURCE AllianceBernstein Income Fund, Inc.