Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

Sep 25, 2012, 16:06 ET from Alliance New York Municipal Income Fund, Inc.

NEW YORK, Sept. 25, 2012 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of August 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           

4.95%

2)   Metropolitan Trnsp Auth NY   Series 02A                  

4.76%

5.125%,     11/15/31


3)   New York St Dormitory Auth (Maimonides Med               

4.57%

Ctr) NPFGC Series 04      5.75%,     8/01/29


4)   Erie Cnty NY Fiscal Stability Auth (Erie Cnty            

4.16%

Ny Sales Tax)  Series 2011C      5.00%,      12/01/25


5)   New York St Thruway Auth (New York St Thruway            

4.12%

Auth Ded Tax)  Series 2011A     5.00%,     4/01/25


6)   Puerto Rico Sales Tax Fin Corp.   Series 2009A           

3.88%

5.50%,     8/01/28


7)   Tobacco Settlement Fin Corp. NY (New York St             

3.55%

Lease Tobacco Asset Sec) AMBAC Series 03A-1


5.25%,     6/01/21


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

3.22%

9)   New York St Thruway Auth (New York St Pers               

3.08%

Income Tax)  Series 2011A     5.00%,     3/15/26


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

3.07%



Sector/Industry Breakdown



Portfolio %

Tax Supported


Special Tax

31.98%

Local G.O.

12.50%

Tax-Supported State Lease

7.31%

State G.O.

2.36%

Assessment District

0.42%

SUBTOTAL

54.57%

Revenue


Water & Sewer

10.39%

Toll Roads/Transit

9.10%

Health Care - Not-for-Profit

8.47%

Airport

4.95%

Higher Education - Private

3.64%

Electric Utility

1.96%

Senior Living

1.70%

Industrial Development - Airline

1.04%

Industrial Development - Utility

0.21%

SUBTOTAL

41.46%

Asset-Backed


Housing - Multi-Family

1.80%

Housing - Single Family

1.23%

SUBTOTAL

3.03%

Prerefunded/ETM

0.94%

Total

100.00%



State Breakdown



Portfolio %

New York

91.59%

Puerto Rico

6.63%

California

0.88%

Colorado

0.42%

Illinois

0.27%

Ohio

0.21%

Total Investments

100.00%



Credit Quality Breakdown



Portfolio %

AAA

28.55%

AA

45.95%

A

13.52%

BBB

9.09%

BB

0.86%

Not Rated

1.09%

Pre-refunded Bonds

0.94%

Total Investments

100.00%



Portfolio Statistics:


AMT Percentage:

11.93%

Average Coupon:

5.37%

Percentage of Leverage:


Bank Borrowing:

0.00%

Investment Operations:

0.22%

Preferred Stock:

36.03%

Tender Option Bonds:

3.71%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

39.96%*

Average Effective Maturity:

6.22 Years

Effective Duration:

5.36 Years

Total Net Assets:

$113.25 Million**

Common Stock Net Asset Value:

$14.99

Number of Holdings:

65

Portfolio Turnover:

15%



* The total percentage of leverage constitutes 3.71% through the use of tender option bonds, 36.03% in issued and outstanding preferred stock and 0.22% 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.