<SEC-DOCUMENT>0000919574-25-002034.txt : 20250320
<SEC-HEADER>0000919574-25-002034.hdr.sgml : 20250320
<ACCEPTANCE-DATETIME>20250320130119
ACCESSION NUMBER: 0000919574-25-002034
CONFORMED SUBMISSION TYPE: 497
PUBLIC DOCUMENT COUNT: 2
FILED AS OF DATE: 20250320
DATE AS OF CHANGE: 20250320
EFFECTIVENESS DATE: 20250320
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: AB MUNICIPAL INCOME FUND II
CENTRAL INDEX KEY: 0000899774
ORGANIZATION NAME:
IRS NUMBER: 000000000
STATE OF INCORPORATION: MA
FISCAL YEAR END: 0930
FILING VALUES:
FORM TYPE: 497
SEC ACT: 1933 Act
SEC FILE NUMBER: 033-60560
FILM NUMBER: 25755464
BUSINESS ADDRESS:
STREET 1: ALLIANCEBERNSTEIN LP
STREET 2: 66 HUDSON BOULEVARD EAST, 26TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10001
BUSINESS PHONE: 2129691000
MAIL ADDRESS:
STREET 1: ALLIANCEBERNSTEIN LP
STREET 2: 66 HUDSON BOULEVARD EAST, 26TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10001
FORMER COMPANY:
FORMER CONFORMED NAME: ALLIANCEBERNSTEIN MUNICIPAL INCOME FUND II
DATE OF NAME CHANGE: 20030319
FORMER COMPANY:
FORMER CONFORMED NAME: ALLIANCE MUNICIPAL INCOME FUND II
DATE OF NAME CHANGE: 19930714
<SERIES-AND-CLASSES-CONTRACTS-DATA>
<EXISTING-SERIES-AND-CLASSES-CONTRACTS>
<SERIES>
<OWNER-CIK>0000899774
<SERIES-ID>S000010353
<SERIES-NAME>AB Arizona Portfolio
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000028637
<CLASS-CONTRACT-NAME>Class A
<CLASS-CONTRACT-TICKER-SYMBOL>AAZAX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000028639
<CLASS-CONTRACT-NAME>Class C
<CLASS-CONTRACT-TICKER-SYMBOL>AAZCX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000082954
<CLASS-CONTRACT-NAME>Advisor Class
<CLASS-CONTRACT-TICKER-SYMBOL>AAZYX
</CLASS-CONTRACT>
</SERIES>
</EXISTING-SERIES-AND-CLASSES-CONTRACTS>
</SERIES-AND-CLASSES-CONTRACTS-DATA>
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<FILENAME>d11634925_497.htm
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">
<P STYLE="margin: 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Courier New, Courier, Monospace; font-size: 12pt"><IMG SRC="image_002.jpg" ALT="" STYLE="height: 82px; width: 81px"></FONT></P>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B> </B></P>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: right"><B><I>AB Municipal Income Fund I</I>I</B></P>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: right"><B>-<I>AB Arizona Portfolio</I></B></P>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: right">Class A (Ticker: AAZAX); Class C (Ticker:
AAZCX); Advisor Class (Ticker: AAZYX)</P>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: right">(the “Portfolio”)</P>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in"> </P>
<!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid"> </DIV></DIV><!-- Field: /Rule-Page -->
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in"></P>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in"> </P>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I></I></P>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>Supplement dated March 20, 2025 to the
Summary Prospectus and Prospectus (the “Prospectuses”) dated September 30, 2024, offering Class A, Class C, and Advisor
Class shares of the Portfolio.</I></P>
<P STYLE="font: 10pt Courier New, Courier, Monospace; margin: 0; text-align: justify"> </P>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">At a Special Meeting of Shareholders of the Portfolio
held on March 19, 2025, shareholders, at the recommendation of the Board of Trustees of AB Municipal Income Fund II (the “Board”),
approved a proposal to liquidate and terminate the Portfolio (the “Liquidation”). It is anticipated that the Portfolio will
make its liquidating distribution or distributions on or shortly after May 22, 2025, subject to the satisfactory winding up of the Portfolio’s
operations.</P>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </P>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On November 8, 2024, the Portfolio suspended most
sales of its shares and exchanges into the Portfolio, in anticipation of the Liquidation. In addition, the Board has approved a waiver
of contingent deferred sales charges (“CDSCs”) upon redemption of the Portfolio’s shares. The CDSC waiver will also
apply to redemptions of shares of other AB Mutual Funds that are acquired through exchange of the Portfolio’s shares on or after
the date of this Supplement. The Portfolio reserves the right to change these policies at any time.</P>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </P>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Shareholders may redeem shares of the Portfolio and
may exchange shares of the Portfolio for shares of the same class of other AB Mutual Funds in the manner described in the Portfolio’s
Prospectus until May 20, 2025. Shareholders should be aware that the Portfolio will begin to convert its assets to cash and/or cash equivalents
approximately four weeks before the liquidating distributions are made to shareholders. The Portfolio will no longer pursue its stated
investment objective or engage in any business activities, except for the purposes of winding up its business and affairs, preserving
the value of its assets, paying its liabilities, and distributing its remaining assets to shareholders.</P>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"> </P>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"> </P>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><I>This Supplement should be read in conjunction with the Prospectuses
for the Portfolio. </I></P>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><I> </I></P>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt"><I>You should retain this Supplement with your Prospectus or Prospectuses
for future reference.</I></P>
<P STYLE="padding-bottom: 3pt; font: 12pt Times New Roman, Times, Serif; margin: 0pt">______________________</P>
<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0">The [A/B] logo is a service mark of AllianceBernstein and AllianceBernstein®
is a registered trademark used by permission of the owner, AllianceBernstein L.P.</P>
<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0"> </P>
<P STYLE="font: 8pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt"> </P>
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</TEXT>
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<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
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