NEW YORK, April 14, 2016 /PRNewswire/
-- AllianceBernstein Income Fund, Inc. (the "Fund") (NYSE:
ACG), today announced on this date, April
14, 2016, a final distribution of $0.01784 per share of Common Stock, payable on
April 19, 2016 to shareholders of
record at the close of business on April 18,
2016. This final distribution will be paid entirely in cash,
with no option for dividend reinvestment. The distribution
represents an amount necessary or appropriate to maintain the
Fund's qualification as a "regulated investment company" under the
Internal Revenue Code of 1986.
As previously announced, the Fund's stockholders approved the
acquisition of the assets and the assumption of the liabilities of
the Fund by AB Income Fund (the "Acquiring Fund"), a series of AB
Bond Fund, Inc. and an open-end investment company (the
"Acquisition").The Acquisition is scheduled to close on
April 22, 2016 (the "Closing Date").
On the Closing Date, each shareholder of the Fund will receive
Advisor Class shares of the Acquiring Fund with an aggregate net
asset value equal to the aggregate net asset value of the Fund
shares held by the shareholder as of 4:00
p.m. Eastern Time on the day before the Closing Date.
The Fund's shares will cease trading on the New York Stock
Exchange ("NYSE") after the close of trading on April 18, 2016. After that time, holders of the
Fund's shares will not be able to sell their shares on the NYSE and
their investment will be temporarily illiquid. Effective
April 25, 2016, the first business
day following the Acquisition, holders of Advisor Class shares of
the Acquiring Fund received in the Acquisition may redeem their
shares at net asset value, subject to a 0.75% redemption fee for
the first three months after the date of the Acquisition.
AllianceBernstein Income Fund, Inc. is managed by
AllianceBernstein L.P.
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SOURCE AllianceBernstein Income Fund, Inc.