AllianceBernstein Income Fund, Inc. Reports First Quarter Earnings

Friday, May 29, 2009 4:06 PM

NEW YORK, May 29 /PRNewswire-FirstCall/ -- AllianceBernstein Income Fund, Inc. (NYSE: ACG), a registered closed-end investment company, today announced earnings for the first quarter ended March 31, 2009.

Total net assets of the Fund on March 31, 2009 were $1,814,845,701, as compared with $1,817,231,226 on December 31, 2008 and $2,088,861,959 on March 31, 2008. On March 31, 2009 the net asset value per share was $7.48 based on 242,705,693 shares of common stock outstanding.

                         March 31, 2009  December 31, 2008     March 31, 2008
                         --------------  -----------------     --------------
    Total Net Assets     $1,814,845,701     $1,817,231,226     $2,088,861,959
    NAV Per Share                 $7.48              $7.49              $8.61
    Shares Outstanding      242,705,693        242,556,594        242,556,594

For the period January 1, 2009 through March 31, 2009, total net investment income was $32,957,035 or $0.14 per share. The total net realized and unrealized loss was $12,118,499 or $0.05 per share for the same period.

                         First Quarter     Fourth Quarter    First Quarter
                                 Ended              Ended            Ended
                        March 31, 2009  December 31, 2008   March 31, 2008
                        --------------  -----------------   --------------
    Total Net
      Investment Income    $32,957,035        $33,770,891      $35,694,769
    Per Share                    $0.14              $0.14            $0.15
    Total Net Realized/
     Unrealized Loss      ($12,118,499)     ($101,892,183)     ($6,949,264)
    Per Share                   ($0.05)            ($0.42)          ($0.03)

AllianceBernstein Income Fund, Inc. is managed by AllianceBernstein L.P.

SOURCE AllianceBernstein Income Fund, Inc.

(Source: PR Newswire )

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