This is neither an offer to sell nor a solicitation of an offer to buy the securities described herein; an offering is made only by prospectus. This information must be preceded or accompanied by a prospectus in order to understand fully all of the implications and risks of the offering. Neither the Securities and Exchange Commission nor any other state securities regulator has approved or disapproved of our securities or determined if our prospectus is truthful or complete. Neither the Attorney General of the State of New York nor any other state securities regulator has approved or disapproved of the securities described herein, determined if the prospectus is truthful or complete or passed on or endorsed the merits of this offering. Any representation to the contrary is a criminal offense. 

AllianceBernstein Investments, Inc. is the dealer manager for the AB-LEND offering.

IMPORTANT RISK INFORMATION

An investment in AB-LEND involves a high degree of risk. You should purchase these securities only if you can afford a complete loss of your investment. Investors should review the offering documents, including the description of risk factors contained in the prospectus, prior to making a decision to invest in the securities described herein. The prospectus will include more complete descriptions of the risks described below as well as additional risks relating to, among other things, conflicts of interest and regulatory and tax matters. Any decision to invest in the securities described herein should be made after reviewing such prospectus, conducting such investigations as the investor deems necessary and consulting the investor’s own legal, accounting and tax advisers in order to make an independent determination of the suitability and consequences of an investment in AB-LEND.

• AB-LEND has no prior operating history and there is no assurance that it will achieve its investment objective.
• An investment in the securities described herein may not be appropriate for all investors and is not designed to be a complete investment program.
• Investors should not expect to be able to sell their shares regardless of how AB-LEND performs.
• Investors should consider that they may not have access to the money invested for an extended period of time.
• AB-LEND does not intend to list its shares on any securities exchange and does not expect a secondary market in the shares to develop.
• Because investors may be unable to sell their shares in AB-LEND, investors will be unable to reduce their exposure in any market downturn.
• AB-LEND intends to implement a share repurchase program, but only a limited number of shares will be eligible for repurchase, and repurchases will be subject to available liquidity and other significant restrictions.
• An investment in AB-LEND common shares is not suitable for investors if access to the money invested is needed. See “Suitability Standards” and “Share Repurchase Program” in the prospectus.
• Distributions are not guaranteed, and any distributions may be funded from sources other than cash flow from operations, including, without limitation, the sale of assets, borrowings, return of capital or offering proceeds, and there are no limits on the amounts to be paid from such sources. The likelihood that distributions are paid from sources other than cash flow from operations is higher in the early stages of the offering.
• Distributions may also be funded in significant part, directly or indirectly, from temporary waivers or expense reimbursements borne by the Adviser or its affiliates, that may be subject to reimbursement to the Adviser or its affiliates. The repayment of any amounts owed to the Adviser or its affiliates will reduce future distributions to which investors would otherwise be entitled.
• AB-LEND expects to use leverage, which will magnify the potential for loss on amounts invested in the Fund. See “Risk Factors” –Leverage Risk in the prospectus.
• AB-LEND qualifies as an “emerging growth company” as defined in the Jumpstart Our Business Startups Act, and AB-LEND cannot be certain if the reduced disclosure requirements applicable to emerging growth companies will make an investment in AB-LEND less attractive to investors.
• AB-LEND intends to invest primarily in securities that are rated below investment grade by rating agencies or that would be rated below investment grade if they were rated. Below-investment-grade securities, which are often referred to as “junk,” have predominantly speculative characteristics with respect to the issuer’s capacity to pay interest and repay principal. They may also be illiquid and difficult to value.

Investors should consider the investment objectives, risks, charges and expenses of the Fund/Portfolio carefully before investing. For copies of our prospectus and/or summary prospectus, which contain this and other information, click here. Please read the prospectus and/or summary prospectus carefully before investing.