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

NEW YORK, June 28, 2013 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP), a registered closed‑end investment company, today announced earnings for the Fund's second fiscal quarter ended April 30, 2013.

Total net assets of the Fund* on April 30, 2013 were $201,947,580, as compared with $201,770,146 on January 31, 2013 and $198,232,247 on April 30, 2012.  On April 30, 2013, the net asset value per share of common stock was $15.13 based on 8,554,668 shares of common stock outstanding.


April 30, 2013

January 31, 2013

April 30, 2012

Total Net Assets

$201,947,580

$201,770,146

$198,232,247

NAV Per Share

$15.13

$15.11

$14.71

Shares Outstanding

8,554,668

8,553,536

8,541,817

For the period February 1, 2013 through April 30, 2013, total net investment income was $1,584,203 or $0.19 per share of common stock.  The total net realized and unrealized gain was $220,810 or $0.03 per share of common stock for the same period.


Second Quarter

Ended

April 30, 2013

First Quarter

Ended

January 31, 2013

Second Quarter

 Ended

April 30, 2012

Total Net Investment 

  Income

$1,584,203

$1,641,841

 

$1,894,439

Per Share

$0.19

$0.19

$0.22

Total Net Realized/

  Unrealized Gain/(Loss)

$220,810

$595,266

 

($181,720)

Per Share

$0.03

$0.07

($0.02)

* 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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