Morningstar, Inc. Commentaries
Feb 11, 2014
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AllianceBernstein Income Fund (ACG) announced that its board of directors approved a proposal to eliminate the fund's fundamental and nonfundamental investment policies, which will be submitted to shareholders at the annual meeting on March 27. The fund's primary fundamental policy requires it to invest at least 65% of total assets in obligations issued or guaranteed by the U.S. government, including agency securities and repurchase agreements pertaining to U.S. government securities.