The dual approval ensures that AllianceBernstein L.P. will continue its role as the investment adviser for both entities. Each fund functions as a registered closed-end management investment company, relying on the firm to oversee portfolio operations and strategy. The vote concludes the formal process required to renew these advisory mandates, maintaining stability for investors currently holding shares under the AWF and AFB tickers on the New York Stock Exchange.
AllianceBernstein Funds Secure Shareholder Approval for New Advisers
Shareholders of the AllianceBernstein Global High Income Fund and the AllianceBernstein National Municipal Income Fund voted to approve new investment advisory agreements during a joint meeting held in New York. The decision cements the ongoing management relationship between the two closed-end funds and AllianceBernstein L.P.
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