2014

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

NEW YORK, Sept. 30, 2013 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP), a registered closed‑end investment company, today announced earnings for the Fund's third fiscal quarter ended July 31, 2013.

Total net assets of the Fund* on July 31, 2013 were $188,529,949, as compared with $201,947,580 on April 30, 2013 and $201,200,786 on July 31, 2012.  On July 31, 2013, the net asset value per share of common stock was $13.56 based on 8,554,668 shares of common stock outstanding.






July 31, 2013

April 30, 2013

July 31, 2012

Total Net Assets

$188,529,949

$201,947,580

$201,200,786

NAV Per Share

$13.56

$15.13

$15.05

Shares Outstanding

8,554,668

8,554,668

8,545,980





For the period May 1, 2013 through July 31, 2013, total net investment income was $1,559,029 or $0.18 per share of common stock.  The total net realized and unrealized loss was ($13,333,538) or ($1.56) per share of common stock for the same period.






Third Quarter

Ended

July 31, 2013

Second Quarter

Ended

April 30, 2013

Third Quarter

 Ended

July 31, 2012

Total Net Investment      

   Income

$1,559,029

$1,584,203

 

$1,689,517

Per Share

$0.18

$0.19

$0.20

Total Net Realized/

   Unrealized Gain/(Loss)

($13,333,538)

$220,810

 

$3,223,960

Per Share

($1.56)

$0.03

$0.38





* 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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