Alliance California Municipal Income Fund Releases Monthly Portfolio Update

Sep 24, 2013, 16:06 ET from Alliance California Municipal Income Fund, Inc.

NEW YORK, Sept. 24, 2013 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of August 31, 2013.



Alliance California Municipal Income Fund, Inc.



Top 10 Fixed-Income Holdings



Portfolio %

1)   Los Angeles CA Wstwtr Sys Series 2010A 5.00%, 6/01/26

4.47%

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

4.32%

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

       5.00%, 7/01/25

3.89%

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

       Series 2002A  5.375%, 12/01/26

3.47%

5)    California Pub Wks Brd (Univ Of California Lease) Series 2011G 5.25%,  12/01/26

3.46%

6)    Los Angeles CA Harbor Dept Series 2009C 5.00%, 8/01/26

3.13%

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

2.77%

8)    Coast CA CCD GO AGM 5.00%, 8/21/24

2.52%

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

2.46%

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

2.41%



Sector/Industry Breakdown



Portfolio %

              Revenue


                     Water & Sewer

15.12%

                     Electric Utility

7.91%

                     Port

5.90%

                     Revenue - Miscellaneous

5.77%

                     Higher Education - Public

3.46%

                     Airport

2.56%

                     Higher Education - Private

2.45%

                     Primary/Secondary Ed. - Private

1.46%

                     Health Care - Not-for-Profit

1.45%

                     Industrial Development - Utility

0.19%

              SUBTOTAL

46.27%

              Tax Supported


                     Special Tax

22.95%

                     Local G.O.

10.23%

                     Tax-Supported Local Lease

2.80%

                     Assessment District

2.13%

                     Tax-Supported State Lease

1.87%

                     State G.O.

1.45%

              SUBTOTAL

41.43%

              Insured/Guaranteed


                     Insured

6.99%

              SUBTOTAL

6.99%

              Asset-Backed


                     Housing - Multi-Family

2.98%

              SUBTOTAL

2.98%

              Cash Equivalents


                     Investment Companies

1.79%

              SUBTOTAL

1.79%

              Prerefunded/ETM

0.54%

              Total

100.00%



              State Breakdown



Portfolio %

              California

92.02%

              Puerto Rico

3.94%

              Nevada

1.08%

              Guam

0.98%

              Ohio

0.19%

              Other

1.79%

              Total Investments

100.00%



                     Credit Quality Breakdown



Portfolio %

                            AAA

15.45%

                            AA

50.92%

                            A

20.92%

                            BBB

5.75%

                            BB

1.55%

                            Not Rated

3.08%

                            Pre-refunded Bonds

0.54%

                            Short Term Investments

1.79%

                            Total Investments

100.00%



              Bonds By Maturity



Portfolio %

              Less than 1 year

2.33%

              1 to 5 years

1.34%

              5 to 10 years

12.36%

              10 to 20 years

73.60%

              20 to 30 years

10.36%

              More than 30 years

0.01%

              Other

0.00%

              Total Investments

100.00%



              Portfolio Statistics:


                     AMT Percentage:

13.78%

                     Average Coupon:

5.26%

                     Percentage of Leverage:


                            Bank Borrowing:

0.00%

                            Investment Operations:

0.00%

                            Preferred Stock:

39.14%

                            Tender Option Bonds:

4.56%

                            Term Asset-Backed Loans Facility (TALF):

0.00%

                            Total Fund Leverage:

43.70%*

                     Average Effective Maturity:

7.08 Years

                     Effective Duration:

5.94 Years

                     Total Net Assets:

$185.38 Million**

                     Common Stock Net Asset Value:

$13.19

                     Number of Holdings:

73

                     Portfolio Turnover:

46%



* The total percentage of leverage constitutes 4.56% through the use of tender option bonds, 39.14% 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.