AB CarVal Credit Opportunities Fund

AB CarVal Credit Opportunities Fund is a non-diversified, closed-end interval fund registered under the 1940 Act that seeks to maximize total return through current income and capital appreciation. Managed by AB CarVal Investors, L.P., the Fund invests primarily in credit-related instruments including corporate securities of leveraged or financially troubled corporations, structured credit (RMBS, CMBS, CLOs), loan portfolios, and hard assets such as aviation and renewable energy. The Fund operates as an interval fund conducting quarterly repurchase offers of 5-25% of outstanding shares and may use leverage up to 300% asset coverage. The strategy draws on the Adviser's 35+ year global platform spanning 82 countries with approximately $145 billion invested historically.