Alliance California Municipal Income Fund Releases Monthly Portfolio Update

Feb 26, 2013, 16:06 ET from Alliance California Municipal Income Fund, Inc.

NEW YORK, Feb. 26, 2013 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of January 31, 2013.

Alliance California Municipal Income Fund, Inc.

Top 10 Fixed-Income Holdings 

Portfolio %

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

4.55%

2)   San Francisco City/Cnty CA Pub Util Wtr Series 2012C   5.00%,   11/01/26

4.46%

3)   Los Angeles Cnty CA Met Trnsp Auth (Los Angeles Cnty Ca Mta Sales Tax)  

      5.00%,   7/01/25

3.78%

4)   California Pub Wks Brd (Univ Of California Lease) Series 2011A   5.25%,   2/01/26

3.56%

5)   Los Angeles CA Cmnty Redev Agy (Los Angeles Ca Cra Grand Ctrl) AMBAC

      Series 02   5.375%,   12/01/26

3.17%

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

3.15%

7)   Puerto Rico Sales Tax Fin Corp. Series 2011A   5.00%,   8/01/43

2.98%

8)   Port of Oakland CA Series 2012P   5.00%,   5/01/29

2.88%

9)   Clovis CA USD GO Series 2012A   5.00%,   8/01/28

2.50%

10) San Diego Cnty CA Regl Trnsp Commn Series 2012A   5.00%,   4/01/28

2.48%

Sector/Industry Breakdown

Portfolio %

Revenue

Water & Sewer

15.36%

Electric Utility

7.96%

Port

6.02%

Revenue - Miscellaneous

5.78%

Higher Education - Public

3.56%

Airport

2.58%

Higher Education - Private

2.40%

Primary/Secondary Ed. - Private

1.51%

Health Care - Not-for-Profit

1.35%

Industrial Development - Utility

0.19%

SUBTOTAL

46.71%

Tax Supported

Special Tax

22.19%

Local G.O.

10.10%

Tax-Supported Local Lease

3.44%

State G.O.

2.11%

Assessment District

2.02%

Tax-Supported State Lease

1.77%

SUBTOTAL

41.63%

Insured/Guaranteed

Insured

6.60%

SUBTOTAL

6.60%

Asset-Backed

Housing - Multi-Family

2.75%

SUBTOTAL

2.75%

Prerefunded/ETM

2.31%

Total

100.00%

State Breakdown

Portfolio %

California

93.19%

Puerto Rico

4.53%

Nevada

1.05%

Guam

1.04%

Ohio

0.19%

Total Investments

100.00%

Credit Quality Breakdown

Portfolio %

AAA

15.11%

AA

51.95%

A

20.21%

BBB

5.92%

BB

1.45%

Not Rated

3.05%

Pre-refunded Bonds

2.31%

Total Investments

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

1.80%

1 to 5 years

0.76%

5 to 10 years

8.15%

10 to 20 years

77.38%

20 to 30 years

8.78%

More than 30 years

3.13%

Other

0.00%

Total Investments

100.00%

Portfolio Statistics:

AMT Percentage:

13.54%

Average Coupon:

0.00%

Percentage of Leverage:

Bank Borrowing:

0.00%

Investment Operations:

0.89%

Preferred Stock:

35.96%

Tender Option Bonds:

4.19%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

41.04%*

Average Effective Maturity:

6.19 Years

Effective Duration:

5.51 Years

Total Net Assets:

$201.77 Million**

Common Stock Net Asset Value:

$15.11

Number of Holdings:

78

Portfolio Turnover:

46%

* The total percentage of leverage constitutes 4.19% through the use of tender option bonds, 35.96% in issued

  and outstanding preferred stock and 0.89% 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.