AllianceBernstein Income Fund, Inc. Reports Second Quarter Earnings

• Press Release
• Source: AllianceBernstein Income Fund, Inc.
• On 4:06 pm EDT, Friday August 28, 2009

NEW YORK, Aug. 28 /PRNewswire-FirstCall/ -- AllianceBernstein Income Fund, Inc. (NYSE: ACG - News), a registered closed-end investment company, today announced earnings for the second quarter ended June 30, 2009.

Total net assets of the Fund on June 30, 2009 were $1,909,282,336, as compared with $1,814,845,701 on March 31, 2009 and $2,043,059,534 on June 30, 2008. On June 30, 2009 the net asset value per share was $7.87 based on 242,705,693 shares of common stock outstanding.

                           June 30, 2009   March 31, 2009    June 30, 2008
                           -------------   --------------    -------------
    Total Net Assets      $1,909,282,336   $1,814,845,701   $2,043,059,534
    NAV Per Share                  $7.87            $7.48            $8.42
    Shares Outstanding       242,705,693      242,705,693      242,556,594

For the period April 1, 2009 through June 30, 2009, total net investment income was $32,739,640 or $0.13 per share. The total net realized and unrealized gain was $98,048,066 or $0.40 per share for the same period.

                         Second Quarter    First Quarter    Second Quarter
                                  Ended            Ended             Ended
                          June 30, 2009   March 31, 2009     June 30, 2008
                          -------------   --------------     -------------
    Total Net Investment                     $32,957,035
     Income                 $32,739,640                        $36,884,909
    Per Share                     $0.13            $0.14             $0.15
    Total Net Realized/
     Unrealized Gain
     (Loss)                 $98,048,066     ($12,118,499)     ($46,375,357)
    Per Share                     $0.40           ($0.05)           ($0.19)

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

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