Alliance New York Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Oct. 25, 2011 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of September 30, 2011.
Alliance New York Municipal Income Fund, Inc. |
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Top 10 Fixed-Income Holdings |
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Portfolio % |
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1) New York St Mortgage Agy SFMR (New York St Mortgage Agy) Series 01-29 5.45%, 4/01/31 |
7.23% |
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2) Metropolitan Trnsp Auth NY Series 02A 5.125%, 11/15/31 |
4.91% |
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3) New York St Dormitory Auth (Maimonides Med Ctr) NPFGC Series 04 5.75%, 8/01/29 |
4.59% |
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4) New York NY Mun Wtr Fin Auth Series 02A 5.125%, 6/15/34 |
4.45% |
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5) New York St UDC Series 02A 5.25%, 3/15/32 (Prerefunded/ETM) |
4.45% |
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6) New York NY Trst for Cult Res (Museum of Modern Art) AMBAC Series 01D 5.125%, 7/01/31 |
4.40% |
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7) Erie Cnty NY Fiscal Stability Auth (Erie Cnty NY Sales Tax) Series 2011C 5.00%, 12/01/25 |
4.03% |
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8) New York St Thruway Auth (New York St Thruway Auth Ded Tax) Series 2011A 5.00%, 4/01/25 |
3.98% |
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9) Puerto Rico Sales Tax Fin Corp. 5.50%, 8/01/28 |
3.79% |
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10) Tobacco Settlement Fin Corp. NY (New York St Lease Tobacco Asset Sec) AMBAC Series 03A-1 5.25%, 6/01/21 |
3.70% |
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Sector/Industry Breakdown |
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Portfolio % |
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Tax Supported |
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Special Tax |
22.33% |
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Tax-Supported State Lease |
5.43% |
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Local G.O. |
4.61% |
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State G.O. |
2.35% |
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Assessment District |
2.23% |
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SUBTOTAL |
36.95% |
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Revenue |
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Water & Sewer |
9.19% |
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Health Care - Not-for-Profit |
8.27% |
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Toll Roads/Transit |
6.55% |
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Revenue - Miscellaneous |
5.34% |
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Higher Education - Private |
2.68% |
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Electric Utility |
1.97% |
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Senior Living |
1.73% |
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Industrial Development - Airline |
0.91% |
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Industrial Development - Utility |
0.23% |
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SUBTOTAL |
36.87% |
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Prerefunded/ETM |
13.42% |
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Asset-Backed |
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Housing - Single Family |
8.53% |
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Housing - Multi-Family |
2.91% |
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SUBTOTAL |
11.44% |
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Note/VRDBs |
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Money Market |
0.70% |
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SUBTOTAL |
0.70% |
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Cash Equivalents |
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Investment Companies |
0.62% |
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SUBTOTAL |
0.62% |
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Total |
100.00% |
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State Breakdown |
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Portfolio % |
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New York |
83.07% |
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Puerto Rico |
9.49% |
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Ohio |
3.00% |
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Florida |
1.86% |
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California |
1.32% |
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Colorado |
0.37% |
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Illinois |
0.27% |
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Other |
0.62% |
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Total Investments |
100.00% |
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Credit Quality Breakdown |
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Portfolio % |
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AAA |
25.02% |
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AAA(Pre-refunded Bonds) |
13.42% |
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AA |
32.89% |
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A |
12.83% |
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BBB |
10.86% |
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BB |
0.73% |
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Short Term Investments |
1.31% |
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Not Rated |
2.94% |
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Total Investments |
100.00% |
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Portfolio Statistics: |
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AMT Percentage: |
13.30% |
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Average Coupon: |
5.44 |
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Percentage of Leverage: |
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Bank Borrowing: |
0.00% |
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Investment Operations: |
0.00% |
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Preferred Stock: |
36.76% |
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Tender Option Bonds: |
3.78% |
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Term Asset-Backed Loans Facility (TALF): |
0.00% |
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Total Fund Leverage: |
40.54%* |
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Average Maturity: |
3.57 Years |
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Effective Duration: |
3.56 Years |
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Total Net Assets: |
$110.98 Million** |
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Common Stock Net Asset Value: |
$14.53 |
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Number of Holdings: |
64 |
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* The total percentage of leverage constitutes 3.78% through the use of tender option bonds, 36.76% 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 40,800,000 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 New York Municipal Income Fund, Inc.
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