Liquidation: AB BOND FUND, INC.

Form Type: 497K

Filing Date: 2025-01-30

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525017067

Filing Summary: The document outlines the reorganization (the 'Conversion') of AB Bond Fund, Inc. into AB Core Plus Bond ETF, which is set to take place on or about February 7, 2025. The conversion involves the transfer of the Fund's assets and liabilities to the Acquiring Portfolio, and stockholders of the Fund will receive shares of the Acquiring Portfolio equivalent in aggregate NAV to their Fund shares (less cash for any fractional shares). Following the Conversion, the Fund will be liquidated, making the Acquiring Portfolio the accounting survivor. The conversion does not require stockholder approval, and specific instructions are given for stockholders regarding the brokerage accounts that can accept ETF shares. Important deadlines are highlighted: purchase orders up to January 31, 2025, and exchange/redemption orders until February 6, 2025. Additionally, information related to minimum purchase amounts for different share classes is specified, along with tax implications associated with income dividends and capital gains distributions.