AllianceBernstein Income Fund Announces Details Of Recent Stockholder Vote And Board Of Directors Consideration Of Results Of...

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.

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SOURCE AllianceBernstein Income Fund, Inc.

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