Alliance California Municipal Income Fund, Inc. Reports Second Quarter Earnings
NEW YORK, June 27, 2014 /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, 2014.
Total net assets of the Fund* on April 30, 2014 were $195,924,573, as compared with $191,919,036 on January 31, 2014 and $201,947,580 on April 30, 2013. On April 30, 2014, the net asset value per share of common stock was $14.42 based on 8,554,668 shares of common stock outstanding.
April 30, 2014 |
January 31, 2014 |
April 30, 2013 |
|
Total Net Assets |
$195,924,573 |
$191,919,036 |
$201,947,580 |
NAV Per Share |
$14.42 |
$13.95 |
$15.13 |
Shares Outstanding |
8,554,668 |
8,554,668 |
8,554,668 |
For the period February 1, 2014 through April 30, 2014, total net investment income was $1,601,339 or $0.19 per share of common stock. The total net realized and unrealized gain was $4,030,043 or $0.47 per share of common stock for the same period.
Second Quarter Ended April 30, 2014 |
First Quarter Ended January 31, 2014 |
Second Quarter Ended April 30, 2013 |
|
Total Net Investment Income |
$1,601,339 |
$1,750,027 |
$1,584,203 |
Per Share |
$0.19 |
$0.20 |
$0.19 |
Total Net Realized/ |
$4,030,043 |
$1,344,697 |
$220,810 |
Per Share |
$0.47 |
$0.16 |
$0.03 |
* 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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