Alliance California Municipal Income Fund Releases Monthly Portfolio Update

Dec 26, 2013, 16:35 ET from Alliance California Municipal Income Fund, Inc.

NEW YORK, Dec. 26, 2013 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of November 30, 2013.


Alliance California Municipal Income Fund, Inc.




Top 10 Fixed-Income Holdings



Portfolio %

1) Univ of California Series 2012G 5.00%, 5/15/31

4.10%

2) Los Angeles Cnty CA Met Trnsp Auth (Los Angeles Cnty Ca Mta Sales Tax) 5.00%, 7/01/25

3.67%

3) California Pub Wks Brd Series 2011G 5.25%, 12/01/21 (Prerefunded/ETM)

3.52%

4) Los Angeles CA Dept W&P Wtr Series 2013B 5.00%, 7/01/32

3.21%

5) Los Angeles CA Cmnty Redev Agy (Los Angeles Ca Cra Grand Ctrl) AMBAC Series 2002A 5.375%, 12/01/26

3.19%

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

2.94%

7) San Diego CA USD GO Series 2013C 5.00%, 7/01/32

2.63%

8) Bay Area Toll Auth CA Series 2013S 5.00%, 4/01/33

2.53%

9) San Francisco City/Cnty CA Pub Util Wtr Series 2013B 5.00%, 10/01/32

2.44%

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

2.32%



Sector/Industry Breakdown



Portfolio %

Revenue


Water & Sewer

13.82%

Revenue - Miscellaneous

8.48%

Electric Utility

7.44%

Higher Education - Public

4.10%

Port

2.94%

Toll Roads/Transit

2.53%

Airport

2.44%

Higher Education - Private

2.28%

Primary/Secondary Ed. - Private

1.35%





Health Care - Not-for-Profit

1.33%

Industrial Development - Utility

0.18%

SUBTOTAL

46.89%

Tax Supported


Special Tax

17.04%

Local G.O.

11.82%

Tax-Supported Local Lease

2.62%

State G.O.

2.02%

Assessment District

1.97%

Tax-Supported State Lease

1.73%

SUBTOTAL

37.20%

Insured/Guaranteed


Insured

6.46%

SUBTOTAL

6.46%

Prerefunded/ETM

4.01%

Asset-Backed


Housing - Multi-Family

2.72%

SUBTOTAL

2.72%

Cash Equivalents


Investment Companies

2.72%

SUBTOTAL

2.72%

Total

100.00%



State Breakdown



Portfolio %

California

91.93%

Puerto Rico

3.24%

Nevada

1.00%

Guam

0.93%

Ohio

0.18%

Other

2.72%

Total Investments

100.00%



Credit Quality Breakdown



Portfolio %

AAA

10.13%

AA

53.63%

A

20.08%

BBB

5.19%

BB

1.40%

Not Rated

2.84%

Pre-refunded Bonds

4.01%

Short Term Investments

2.72%

Total Investments

100.00%



Bonds By Maturity



Portfolio %

Less than 1 year

3.21%





1 to 5 years

1.22%

5 to 10 years

16.20%

10 to 20 years

68.07%

20 to 30 years

11.30%

More than 30 years

0.00%

Other

0.00%

Total Investments

100.00%



Portfolio Statistics:


AMT Percentage:

10.96%

Average Coupon:

5.62%

Percentage of Leverage:


Bank Borrowing:

0.00%

Investment Operations:

3.94%

Preferred Stock:

38.34%

Tender Option Bonds:

4.47%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

46.75%*

Average Effective Maturity:

7.27 Years

Effective Duration:

6.07 Years

Total Net Assets:

$189.21 Million**

Common Stock Net Asset Value:

$13.64

Number of Holdings:

76

Portfolio Turnover:

46%

* The total percentage of leverage constitutes 4.47% through the use


of tender option bonds, 38.34% in issued and outstanding preferred


stock and 3.94% 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.