EX-99.I 2 d8663123_ex99-i.htm

Exhibit (i)

 

SEWARD & KISSEL LLP

901 K Street, NW

Suite 800

Washington, DC 20001

Telephone: (202) 737-8833

Facsimile: (202) 737-5184

www.sewkis.com

 

 

  January 28, 2021

 

 

 

 

AB Bond Fund, Inc.

-AB Total Return Bond Portfolio
-AB Limited Duration High Income Portfolio
-AB Income Fund
-AB Short Duration Income Portfolio
-AB Tax-Aware Fixed Income Opportunities Portfolio

AB Global Bond Fund, Inc.

AB High Income Fund, Inc.

 1345 Avenue of the Americas

New York, New York 10105

 

Ladies and Gentlemen:

 

We have acted as counsel for each of the corporations named above (each, a “Company,” and collectively, the “Companies”) and the individual portfolios of certain of the Companies (each, a “Portfolio”), as applicable, in connection with the registration under the Securities Act of 1933, as amended (the “Securities Act”), of an indefinite number of shares, par value per share as set forth in each Company’s Charter, of Class A Common Stock, Class C Common Stock, Class R Common Stock, Class K Common Stock, Class I Common Stock, Class Z Common Stock and Advisor Class Common Stock, as applicable (each, a “Class,” and collectively, the “Shares”), of each Company or Portfolio, as applicable. Each Company is a Maryland corporation and is registered under the Investment Company Act of 1940, as amended, as an open-end management investment company. This opinion is rendered to each Company severally, and not to the Companies jointly.

As counsel for a Company, we have participated in the preparation of the Post-Effective Amendment to that Company’s Registration Statement on Form N-1A to be filed with the Securities and Exchange Commission (the “Commission”) to become effective on January 29, 2021, pursuant to paragraph (b) of Rule 485 under the Securities Act (as so amended, the “Registration Statement”) in which this letter is included as Exhibit (i). We have examined the Charter and By-laws of that Company and any amendments and supplements thereto and have relied upon such corporate records of that Company and such other documents and certificates as to factual matters as we have deemed necessary to render the opinion expressed herein.

Based on such examination, we are of the opinion that the Shares of each Company to be offered for sale pursuant to the Registration Statement of that Company are, to the extent of the numbers of Shares of

 

 

 

 

The AB Bond Funds
January 28, 2021
Page 2 

 

the relevant Classes of each Portfolio in the Company, as applicable, authorized to be issued by that Company in its Charter, duly authorized, and, when sold, issued and paid for as contemplated by the Registration Statement, will have been validly issued and will be fully paid and non-assessable under the laws of the State of Maryland.

We do not express an opinion with respect to any laws other than the laws of Maryland applicable to the due authorization, valid issuance and non-assessability of shares of common stock of corporations formed pursuant to the provisions of the Maryland General Corporation Law. Accordingly, our opinion does not extend to, among other laws, the federal securities laws or the securities or “blue sky” laws of Maryland or any other jurisdiction. Additionally, we do not express any opinion with respect to any laws, rules, regulations or orders concerning emergencies declared by any governmental authority or the effect thereof on the opinions expressed herein. Members of this firm are admitted to the bars of the State of New York and the District of Columbia.

We hereby consent to the filing of this opinion with the Commission as an exhibit to the Registration Statement and to the reference to our firm under the caption “General Information--Counsel” in Part B thereof.

  Very truly yours,
   
  /s/ Seward & Kissel LLP