Stockholders Approve the Acquisition of Assets of ACM Municipal Securities Income Fund, Inc. By Alliance National Municipal Inco

Name	Symbol	Market	Type
ETRACS Alerian MLP Index	AMEX:AMU	AMEX	Bond

Name

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ETRACS Alerian MLP Index

AMEX:AMU

AMEX

Bond

	Price Change	% Change	Price	High Price	Low Price	Open Price	Traded	Last Trade
	0.00	0.00%	8.43				0	01:00:00

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8.43

01:00:00

Stockholders Approve the Acquisition of Assets of ACM Municipal Securities Income Fund, Inc. By Alliance National Municipal Inco

13/04/2007 10:06pm

PR Newswire (US)

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NEW YORK, April 13 /PRNewswire-FirstCall/ -- At a Special Meeting of Stockholders of ACM Municipal Securities Income Fund, Inc. ("ACM Municipal Securities" - NYSE: AMU) held today, the preferred stockholders of ACM Municipal Securities voting as a separate class approved the acquisition of the assets and the assumption of the liabilities of ACM Municipal Securities by Alliance National Municipal Income Fund, Inc. ("Alliance National Municipal" - NYSE: AFB) (the "Acquisition"). The Acquisition was previously approved by ACM Municipal Securities' preferred stockholders and common stockholders voting as a single class at a Special Meeting held on February 22, 2007. It is anticipated that the Acquisition will occur as soon as practicable in the second quarter of 2007. As a result of the Acquisition, (i) each holder of ACM Municipal Securities common stock will receive shares of Alliance National Municipal common stock having an aggregate net asset value ("NAV") equal to the aggregate NAV of the stockholder's shares in ACM Municipal Securities and (ii) each holder of a class of ACM Municipal Securities preferred stock will receive shares of a similar class of Alliance National Municipal preferred stock having the same aggregate liquidation preference and value. Common stockholders participating in ACM Municipal Securities' dividend reinvestment plan will receive full and fractional Alliance National Municipal shares. Other common stockholders will receive cash in lieu of fractional shares. There may be a final distribution of income and/or capital gains for ACM Municipal Securities and/or Alliance National Municipal made prior to the Acquisition. ACM Municipal Securities and Alliance National Municipal are diversified, closed-end U.S.-registered management investment companies. Both Funds are advised by AllianceBernstein L.P. As of April 5, 2007, the total net assets of ACM Municipal Securities and Alliance National Municipal were $215,373,083 and $510,235,610, respectively. DATASOURCE: ACM Municipal Securities Income Fund, Inc. CONTACT: Shareholder Contact: +1-800-221-5672 Web site: http://www.alliancebernstein.com/

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