Alliance California Municipal Income Fund, Inc. Reports Second Quarter Earnings
NEW YORK, June 28, 2019 /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, 2019.
Total net assets of the Fund* on April 30, 2019 were $158,150,875, as compared with $155,716,126 on January 31, 2019 and $155,593,079 on April 30, 2018. On April 30, 2019, the net asset value per share of common stock was $14.99 based on 8,554,668 shares of common stock outstanding.
April 30, 2019 |
January 31, 2019 |
April 30, 2018 |
|
Total Net Assets |
$158,150,875 |
$155,716,126 |
$155,593,079 |
NAV Per Share |
$14.99 |
$14.71 |
$14.70 |
Shares Outstanding |
8,554,668 |
8,554,668 |
8,554,668 |
For the period February 1, 2019 through April 30, 2019, total net investment income was $1,052,882 or $0.12 per share of common stock. The total net realized and unrealized gain was $2,863,064 or $0.33 per share of common stock for the same period.
Second Quarter Ended April 30, 2019 |
First Quarter Ended January 31, 2019 |
Second Quarter Ended April 30, 2018 |
|
Total Net Investment |
$1,052,882 |
$1,211,752 |
$1,203,004 |
Per Share |
$0.12 |
$0.14 |
$0.14 |
Total Net Realized/ Unrealized Gain (Loss) |
$2,863,064 |
$2,827,047 |
($3,109,763) |
Per Share |
$0.33 |
$0.33 |
($0.36) |
* 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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