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Alliance California Municipal Income Fund Releases Monthly Portfolio Update

NEW YORK, Aug. 27, 2013 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of July 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					4.46%
	2) San Francisco City/Cnty CA Pub Util Wtr					4.31%
	Series 2012C 5.00%, 11/01/26
	3) Los Angeles Cnty CA Met Trnsp Auth (Los					3.89%
	Angeles Cnty CA MTA Sales Tax) 5.00%,
	7/01/25
	4) California Pub Wks Brd (Univ Of California					3.47%
	Lease) Series 2011A 5.25%, 12/01/26
	5) Los Angeles CA Cmnty Redev Agy (Los Angeles Ca					3.41%
	Cra Grand Ctrl) AMBAC Series 02 5.375%,
	12/01/26
	6) Los Angeles CA Harbor Dept 5.00%, 8/01/26					3.13%
	7) Port of Oakland CA Series 2012P 5.00%,					2.78%
	5/01/29
	8) Puerto Rico Sales Tax Fin Corp. Series 2011A					2.59%
	5.00%, 8/01/43
	9) Coast CA CCD GO AGM 5.00%, 8/21/24					2.49%
	10) Clovis CA USD GO Series 2012A 5.00%,					2.42%
	8/01/28

	Sector/Industry Breakdown
						Portfolio %
		Revenue
			Water & Sewer			15.08%
			Electric Utility			7.94%
			Port			5.91%
			Revenue - Miscellaneous			5.81%
			Higher Education - Public			3.47%
			Airport			2.62%
			Higher Education - Private			2.43%
			Primary/Secondary Ed. - Private			1.46%
			Health Care - Not-for-Profit			1.43%
			Industrial Development - Utility			0.20%
		SUBTOTAL				46.35%
		Tax Supported
			Special Tax			23.13%
			Local G.O.			10.06%
			Tax-Supported Local Lease			2.79%
			Assessment District			2.12%
			Tax-Supported State Lease			1.85%
			State G.O.			1.52%
		SUBTOTAL				41.47%
		Insured/Guaranteed
			Insured			6.92%
		SUBTOTAL				6.92%
		Asset-Backed
			Housing - Multi-Family			2.94%
		SUBTOTAL				2.94%
		Cash Equivalents
			Investment Companies			1.73%
		SUBTOTAL				1.73%
		Prerefunded/ETM				0.59%
		Total				100.00%

		State Breakdown
						Portfolio %
		California				91.81%
		Puerto Rico				4.19%
		Nevada				1.08%
		Guam				0.99%
		Ohio				0.20%
		Other				1.73%
		Total Investments				100.00%

				Credit Quality Breakdown
						Portfolio %
					AAA	15.37%
					AA	53.01%
					A	18.81%
					BBB	5.89%
					BB	1.53%
					Not Rated	3.07%
					Pre-refunded Bonds	0.59%
					Short Term Investments	1.73%
					Total Investments	100.00%

		Bonds By Maturity
						Portfolio %
		Less than 1 year				2.31%
		1 to 5 years				1.35%
		5 to 10 years				7.80%
		10 to 20 years				77.93%
		20 to 30 years				8.01%
		More than 30 years				2.60%
		Other				0.00%
		Total Investments				100.00%

		Portfolio Statistics:
			AMT Percentage:			13.73%
			Average Coupon:			5.26%
			Percentage of Leverage:
				Bank Borrowing:		0.00%
				Investment Operations:		0.00%
				Preferred Stock:		38.48%
				Tender Option Bonds:		4.48%
				Term Asset-Backed Loans Facility (TALF):		0.00%
				Total Fund Leverage:		42.96%*
			Average Effective Maturity:			6.93 Years
			Effective Duration:			5.89 Years
			Total Net Assets:			$188.53 Million**
			Common Stock Net Asset Value:			$13.56
			Number of Holdings:			76
			Portfolio Turnover:			46%

* The total percentage of leverage constitutes 4.48% through the use of tender option bonds, 38.48% in issued and outstanding preferred stock and 0.00% 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.