Alliance California Municipal Income Fund Releases Monthly Portfolio Update

NEW YORK, Jan. 29, 2013 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of December 31, 2012.

Alliance California Municipal Income Fund, Inc.



Top 10 Fixed-Income Holdings



Portfolio %



1) Los Angeles CA Wstwtr Sys  5.00%,  6/01/26       

4.52%

2) San Francisco City/Cnty CA Pub Util Wtr         

4.46%

Series 2012C  5.00%,  11/01/26


3) Los Angeles Cnty CA Met Trnsp Auth (Los           

3.80%

Angeles Cnty Ca Mta Sales Tax)    5.00%,


7/01/25


4) California Pub Wks Brd (Univ Of California         

3.52%

Lease)  Series 2011A  5.25%,  12/01/26


5) Los Angeles CA Cmnty Redev Agy (Los Angeles Ca       

3.18%

Cra Grand Ctrl) AMBAC Series 02  5.375%,


12/01/26


6) Los Angeles CA Harbor Dept     5.00%,  8/01/26      

3.16%

7) Port of Oakland CA   Series 2012P  5.00%,             

2.89%

5/01/29


8) Puerto Rico Sales Tax Fin Corp.   Series 2011A        

2.87%

5.00%,  8/01/43


9) Clovis CA USD GO   Series 2012A  5.00%,           

2.51%

8/01/28


10) San Diego Cnty CA Regl Trnsp Commn   Series       

2.48%

2012A  5.00%,  4/01/28


 

Sector/Industry Breakdown


Portfolio %

Revenue


  Water & Sewer                           

15.30%

  Electric Utility                            

8.00%

  Port                                           

6.05%

  Revenue - Miscellaneous             

5.77%

  Higher Education - Public            

3.52%

  Airport                                    

2.59%

  Higher Education - Private       

2.39%

  Primary/Secondary Ed. - Private       

1.54%

  Health Care - Not-for-Profit      

1.34%

  Industrial Development - Utility         

0.19%


SUBTOTAL                 

46.69%

Tax Supported

  Special Tax              

22.13%

  Local G.O.              

10.14%

  Tax-Supported Local Lease       

3.45%

  State G.O.                     

2.09%

  Assessment District          

2.02%

  Tax-Supported State Lease      

1.77%

SUBTOTAL                     

41.60%

Insured/Guaranteed

  Insured                         

6.63%

SUBTOTAL                         

6.63%

Asset-Backed

  Housing - Multi-Family              

2.76%

SUBTOTAL                          

2.76%

Prerefunded/ETM                 

2.32%

Total                                   

100.00%

 

State Breakdown


  Portfolio %

California                 

93.33%

Puerto Rico                

4.40%

Nevada                  

1.05%

Guam                 

1.03%

Ohio                  

0.19%

Total Investments     

100.00%

 

Credit Quality Breakdown


Portfolio %

    AAA                        

15.17%

    AA                              

51.98%

    A                                  

20.14%

    BBB                             

5.87%

    BB                               

1.45%

    Not Rated                    

3.07%

    Pre-refunded Bonds          

2.32%

    Total Investments              

100.00%

 

Bonds By Maturity


Portfolio %

     Less than 1 year                   

1.81%

     1 to 5 years                        

0.76%

     5 to 10 years                       

8.15%

     10 to 20 years                     

77.49%

     20 to 30 years                      

8.75%

     More than 30 years           

3.04%

     Other                                 

0.00%

     Total Investments              

100.00%

 

Portfolio Statistics:

  AMT Percentage:              

13.58%

  Average Coupon:                

5.39%

  Percentage of Leverage:

    Bank Borrowing:                    

0.00%

    Investment Operations:         

1.01%

    Preferred Stock:                 

36.01%

    Tender Option Bonds:                 

4.19%

    Term Asset-Backed Loans Facility (TALF):      

0.00%

    Total Fund Leverage:                   

              41.21%*

  Average Effective Maturity:             

             6.28 Years

  Effective Duration:                      

            5.71 Years

  Total Net Assets:                 

            $201.48 Million**

  Common Stock Net Asset Value:          

$15.07

  Number of Holdings:                 

78

  Portfolio Turnover:                          

46%

* The total percentage of leverage constitutes 4.19% through the use of tender option bonds, 36.01% in issued and outstanding preferred stock and 1.01% in investment operations, which may include the use of
certain portfolio management techniques such as credit default swaps, dollar rolls, negative cash, reverse repurchase agreements and when-issued securities.

** Includes 72,550,000 of preferred stock at liquidation value.

The foregoing portfolio characteristics are as of the date indicated and can be expected to change. The Fund is a closed-end U.S.-registered management investment company advised by AllianceBernstein L. P.

SOURCE Alliance California Municipal Income Fund, Inc.



More by this Source


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.