Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

NEW YORK, Aug. 29, 2012 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of July 31, 2012.

Alliance New York Municipal Income Fund, Inc.




Top 10 Fixed-Income Holdings



Portfolio %

1)

Port Authority of NY & NJ   5.00%,   10/01/27

4.91%

2)

 

Metropolitan Trnsp Auth NY Series 02A  
5.125%,   11/15/31

4.73%

3)

 

New York St Dormitory Auth (Maimonides Med Ctr)
NPFGC Series   04 5.75%,   8/01/29

4.54%

 

4)

 

Erie Cnty NY Fiscal Stability Auth (Erie Cnty
Ny Sales Tax) Series 2011C   5.00%,   12/01/25

4.14%

 

5)

 

New York St Thruway Auth (New York St Thruway
Auth Ded Tax) Series 2011A   5.00%,   4/01/25

4.10%

 

6)

 

Puerto Rico Sales Tax Fin Corp. Series 2009A
5.50%,   8/01/28

3.85%

 

7)

 

Tobacco Settlement Fin Corp. NY (New York St Lease
Tobacco Asset Sec) AMBAC Series 03A-1   5.25%,   6/01/21

3.53%

 

8)

New York St Envrn Fac Corp.   5.00%,   8/15/24

3.17%

9)

 

New York St Thruway Auth (New York St Pers Income Tax)
Series 2011A   5.00%,   3/15/26

3.06%

 

10)

New York NY Trnsl Fin Auth   5.00%,   5/01/27

3.05%



Sector/Industry Breakdown



Portfolio %

Tax Supported


Special Tax

31.77%

Local G.O.

12.43%

Tax-Supported State Lease

7.26%

State G.O.

2.35%

Assessment District

0.42%

SUBTOTAL

54.23%

Revenue


Water & Sewer

10.30%

Toll Roads/Transit

9.02%

Health Care - Not-for-Profit

8.41%

Airport

4.91%

Higher Education - Private

3.61%

Electric Utility

1.95%

Senior Living

1.68%

Industrial Development - Airline

1.02%

Industrial Development - Utility

0.20%

SUBTOTAL

41.10%

Asset-Backed


Housing - Multi-Family

1.78%

Housing - Single Family

1.22%

SUBTOTAL

3.00%

Prerefunded/ETM

0.94%

Cash Equivalents


Investment Companies

0.73%

SUBTOTAL

0.73%

Total

100.00%



State Breakdown



Portfolio %

New York

90.92%

Puerto Rico

6.59%

California

0.87%

Colorado

0.42%

Illinois

0.27%

Ohio

0.20%

Other

0.73%

Total Investments

100.00%



Credit Quality Breakdown



Portfolio %

AAA

28.31%

AA

45.64%

A

13.43%

BBB

9.03%

BB

0.84%

Not Rated

1.08%

Pre-refunded Bonds

0.94%

Short Term Investments

0.73%

Total Investments

100.00%



Portfolio Statistics:


AMT Percentage:

12.08%

Average Coupon:

5.37

Percentage of Leverage:


Bank Borrowing:

0.00%

Investment Operations:

0.00%

Preferred Stock:

35.94%

Tender Option Bonds:

3.70%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

3 9.64%*

Average Effective Maturity:

6.44 Years

Effective Duration:

5.44 Years

Total Net Assets:

$113.54 Million**

Common Stock Net Asset Value:

$15.05

Number of Holdings:

66

Portfolio Turnover:

15

* The total percentage of leverage constitutes 3.70% through the use of tender option bonds, 35.94% 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.



RELATED LINKS
http://www.alliancebernstein.com

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