Alliance New York Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Jan. 25, 2012 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of December 31, 2011.
Alliance New York Municipal Income Fund, Inc. |
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Top 10 Fixed-Income Holdings |
Portfolio % |
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1) New York St Mortgage Agy SFMR (New York St |
7.20% |
Mortgage Agy) Series 01-29 5.45%, 4/01/31 |
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2) Metropolitan Trnsp Auth NY Series 02A |
4.90% |
5.125%, 11/15/31 |
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3) New York St Dormitory Auth (Maimonides Med |
4.63% |
Ctr) NPFGC Series 04 5.75%, 8/01/29 |
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4) New York NY Mun Wtr Fin Auth Series 02A |
4.39% |
5.125%, 6/15/34 |
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5) New York St UDC Series 02A 5.25%, 3/15/32 |
4.37% |
(Prerefunded/ETM) |
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6) New York NY Trst for Cult Res (Museum Of |
4.36% |
Modern Art) AMBAC Series 01D 5.125%, 7/01/31 |
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7) Erie Cnty NY Fiscal Stability Auth (Erie Cnty |
4.07% |
NY Sales Tax) Series 2011C 5.00%, 12/01/25 |
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8) New York St Thruway Auth (New York St Thruway |
4.03% |
Auth Ded Tax) Series 2011A 5.00%, 4/01/25 |
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9) Puerto Rico Sales Tax Fin Corp. Series 2009A |
3.75% |
5.50%, 8/01/28 |
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10) Tobacco Settlement Fin Corp. NY (New York St |
3.68% |
Lease Tobacco Asset Sec) AMBAC Series 03A-1 |
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5.25%, 6/01/21 |
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Sector/Industry Breakdown |
Portfolio % |
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Revenue |
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Water & Sewer |
9.12% |
Health Care - Not-for-Profit |
8.35% |
Toll Roads/Transit |
8.12% |
Revenue - Miscellaneous |
4.36% |
Higher Education - Private |
2.67% |
Electric Utility |
1.99% |
Senior Living |
1.69% |
Industrial Development - Airline |
0.92% |
Industrial Development - Utility |
0.21% |
SUBTOTAL |
37.43% |
Tax Supported |
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Special Tax |
22.03% |
Tax-Supported State Lease |
5.41% |
Local G.O. |
4.70% |
State G.O. |
2.37% |
Assessment District |
1.27% |
SUBTOTAL |
35.78% |
Prerefunded/ETM |
13.88% |
Asset-Backed |
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Housing - Single Family |
8.47% |
Housing - Multi-Family |
2.90% |
SUBTOTAL |
11.37% |
Cash Equivalents |
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Investment Companies |
1.54% |
SUBTOTAL |
1.54% |
Total |
100.00% |
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State Breakdown |
Portfolio % |
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New York |
83.67% |
Puerto Rico |
12.15% |
Florida |
0.90% |
California |
0.89% |
Colorado |
0.37% |
Illinois |
0.27% |
Ohio |
0.21% |
Other |
1.54% |
Total Investments |
100.00% |
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Credit Quality Breakdown |
Portfolio % |
AAA |
24.94% |
AA |
33.25% |
A |
13.24% |
BBB |
10.49% |
BB |
0.73% |
Not Rated |
1.93% |
Pre-refunded Bonds |
13.88% |
Short Term Investments |
1.54% |
Total Investments |
100.00% |
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Portfolio Statistics: |
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AMT Percentage: |
15.89% |
Average Coupon: |
5.39 |
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Percentage of Leverage: |
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Bank Borrowing: |
0.00% |
Investment Operations: |
0.00% |
Preferred Stock: |
36.57% |
Tender Option Bonds: |
3.76% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
40.33%* |
Average Maturity: |
3.50 Years |
Effective Duration: |
3.18 Years |
Total Net Assets: |
$111.56 Million** |
Common Stock Net Asset Value: |
$14.66 |
Number of Holdings: |
62 |
* The total percentage of leverage constitutes 3.76% through the use of tender option bonds, 36.57% 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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