Alliance New York Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Feb. 28, 2012 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of January 31, 2012.
Alliance New York Municipal Income Fund, Inc. |
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Top 10 Fixed-Income Holdings |
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Portfolio % |
1) New York St Mortgage Agy SFMR (New York St |
7.09% |
Mortgage Agy) Series 01-29 5.45%, 4/01/31 |
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2) Metropolitan Trnsp Auth NY Series 02A |
4.83% |
5.125%, 11/15/31 |
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3) New York St Dormitory Auth (Maimonides Med |
4.61% |
Ctr) NPFGC Series 04 5.75%, 8/01/29 |
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4) New York NY Mun Wtr Fin Auth Series 02A |
4.32% |
5.125%, 6/15/34 |
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5) New York NY Trst for Cult Res (Museum of |
4.30% |
Modern Art) AMBAC Series 01D 5.125%, 7/01/31 |
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6) New York St UDC Series 02A 5.25%, 3/15/32 |
4.28% |
(Prerefunded/ETM) |
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7) Erie Cnty NY Fiscal Stability Auth (Erie Cnty |
4.18% |
NY Sales Tax) Series 2011C 5.00%, 12/01/25 |
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8) New York St Thruway Auth (New York St Thruway |
4.14% |
Auth Ded Tax) Series 2011A 5.00%, 4/01/25 |
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9) Puerto Rico Sales Tax Fin Corp. Series 2009A |
3.83% |
5.50%, 8/01/28 |
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10) Tobacco Settlement Fin Corp. NY (New York St |
3.62% |
Lease Tobacco Asset Sec) AMBAC Series 03A-1 |
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5.25%, 6/01/21 |
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Sector/Industry Breakdown |
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Portfolio % |
Revenue |
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Water & Sewer |
9.14% |
Health Care - Not-for-Profit |
8.42% |
Toll Roads/Transit |
8.13% |
Revenue - Miscellaneous |
4.30% |
Higher Education - Private |
2.67% |
Electric Utility |
1.97% |
Senior Living |
1.68% |
Industrial Development - Airline |
0.94% |
Industrial Development - Utility |
0.21% |
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SUBTOTAL |
37.46% |
Tax Supported |
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Special Tax |
23.55% |
Tax-Supported State Lease |
5.32% |
Local G.O. |
4.69% |
State G.O. |
2.37% |
Assessment District |
1.22% |
SUBTOTAL |
37.15% |
Prerefunded/ETM |
12.97% |
Asset-Backed |
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Housing - Single Family |
8.34% |
Housing - Multi-Family |
2.85% |
SUBTOTAL |
11.19% |
Cash Equivalents |
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Investment Companies |
1.23% |
SUBTOTAL |
1.23% |
Total |
100.00% |
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State Breakdown |
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Portfolio % |
New York |
84.07% |
Puerto Rico |
12.10% |
California |
0.89% |
Florida |
0.84% |
Colorado |
0.38% |
Illinois |
0.28% |
Ohio |
0.21% |
Other |
1.23% |
Total Investments |
100.00% |
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Credit Quality Breakdown |
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Portfolio % |
AAA |
26.02% |
AA |
33.34% |
A |
13.30% |
BBB |
10.49% |
BB |
0.76% |
Not Rated |
1.89% |
Pre-refunded Bonds |
12.97% |
Short Term Investments |
1.23% |
Total Investments |
100.00% |
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Portfolio Statistics: |
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AMT Percentage: |
15.83% |
Average Coupon: |
5.40 |
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Percentage of Leverage: |
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Bank Borrowing: |
0.00% |
Investment Operations: |
0.00% |
Preferred Stock: |
36.03% |
Tender Option Bonds: |
3.71% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
39.74%* |
Average Maturity: |
3.59 Years |
Effective Duration: |
3.07 Years |
Total Net Assets: |
$113.24 Million** |
Common Stock Net Asset Value: |
$15.00 |
Number of Holdings: |
62 |
* The total percentage of leverage constitutes 3.71% through the use of tender option bonds, 36.03% 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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