NEW YORK, Feb. 22 /PRNewswire-FirstCall/ -- At a Special Meeting of Stockholders of ACM Municipal Securities Income Fund, Inc. ("ACM Municipal Securities" - NYSE: AMU), the proposed acquisition of the assets and assumption of the liabilities of ACM Municipal Securities by Alliance National Municipal Income Fund, Inc. ("Alliance National Municipal" - NYSE: AFB) (the "Acquisition") was approved by the ACM Municipal Securities' preferred stockholders and common stockholders voting as a single class. However, approval of the Acquisition is also contingent on the approval of the preferred stockholders of ACM Municipal Securities voting as a separate class. The Special Meeting with respect to ACM Municipal Securities' preferred stockholders voting as a separate class has been adjourned in order to allow additional time for the solicitation of proxies. Only preferred stockholders of record on December 15, 2006 will be entitled to vote at the adjourned meeting. ACM Municipal Securities is a diversified, closed-end U.S.-registered management investment company advised by AllianceBernstein L.P. DATASOURCE: ACM Municipal Securities Income Fund, Inc. CONTACT: Shareholder Contact, 1-800-221-5672 Web site: http://www.alliancebernstein.com/

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