Alliance California Municipal Income Fund, Inc. Reports Fourth Quarter Earnings

Dec 28, 2015, 16:06 ET from Alliance California Municipal Income Fund, Inc.

NEW YORK, Dec. 28, 2015 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP), a registered closed‑end investment company, today announced earnings for the Fund's fourth fiscal quarter ended October 31, 2015.

Total net assets of the Fund* on October 31, 2015 were $159,492,007, as compared with $198,816,763 on July 31, 2015 and $200,886,957 on October 31, 2014.  On October 31, 2015, the net asset value per share of common stock was $15.15 based on 8,554,668 shares of common stock outstanding.

October 31, 2015

July 31, 2015

October 31, 2014

Total Net Assets

$159,492,007

$198,816,763

$200,886,957

NAV Per Share

$15.15

$14.76

$15.00

Shares Outstanding

8,554,668

8,554,668

8,554,668

For the period August 1, 2015 through October 31, 2015, total net investment income was $1,493,885 or $0.17 per share of common stock.  The total net realized and unrealized gain was $990,897 or $0.12 per share of common stock for the same period.

Fourth Quarter

Ended

October 31, 2015

Third Quarter

Ended

July 31, 2015

Fourth Quarter

 Ended

October 31, 2014

Total Net Investment Income

$1,493,885

$1,679,689

$1,560,091

Per Share

$0.17

$0.20

$0.18

Total Net Realized/

 Unrealized Gain (Loss)

$990,897

($1,103,482)

$3,741,200

Per Share

$0.12

($0.13)

$0.44

 

* Total net assets include assets attributable to both common and preferred shares.

Alliance California Municipal Income Fund, Inc. is managed by AllianceBernstein L.P.

 

SOURCE Alliance California Municipal Income Fund, Inc.



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http://www.alliancebernstein.com