AllianceBernstein Income Fund Final Distribution Declaration

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.

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