AB Plans to Convert Equity Income Mutual Fund Into Active ETF

AllianceBernstein plans to convert the AB Equity Income Fund into the AB Equity Income ETF through a tax-free reorganization expected to close around November 20, 2026. The new active ETF will retain the same investment objective, portfolio management team and substantially similar strategy while offering lower expected expenses, intraday trading, daily portfolio transparency and improved tax efficiency. Shareholders will automatically receive ETF shares if they hold the fund in an eligible brokerage account; otherwise, their holdings may be redeemed for cash, which could have tax implications.