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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