Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

Oct 31, 2012, 16:05 ET from Alliance New York Municipal Income Fund, Inc.

NEW YORK, Oct. 31, 2012 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of September 30, 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           

4.97%

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

4.75%

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

4.57%

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

4.18%

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

4.14%

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

3.84%

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

3.55%

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

3.23%

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

3.12%

10) New York NY Trnsl Fin Auth Series 2002B   5.00%,   2/01/27 

3.09%



Sector/Industry Breakdown



Portfolio %

Tax Supported


Special Tax

32.13%

Local G.O.

12.55%

Tax-Supported State Lease

7.34%

State G.O.

2.35%

Assessment District

0.42%

SUBTOTAL

54.79%

Revenue


Water & Sewer

10.43%

Toll Roads/Transit

9.15%

Health Care - Not-for-Profit

8.48%

Airport

4.97%

Higher Education - Private

3.65%

Electric Utility

1.98%

Senior Living

1.70%

Industrial Development - Utility

0.21%

Industrial Development - Airline

0.18%

SUBTOTAL

40.75%

Asset-Backed


Housing - Multi-Family

1.81%

Housing - Single Family

1.23%

SUBTOTAL

3.04%

Prerefunded/ETM

0.94%

Cash Equivalents


Investment Companies

0.48%

SUBTOTAL

0.48%

Total

100.00%



State Breakdown



Portfolio %

New York

91.15%

Puerto Rico

6.59%

California

0.88%

Colorado

0.42%

Illinois

0.27%

Ohio

0.21%

Other

0.48%

Total Investments

100.00%



Credit Quality Breakdown



Portfolio %

AAA

28.72%

AA

46.18%

A

13.49%

BBB

9.09%

Not Rated

1.10%

Pre-refunded Bonds

0.94%

Short Term Investments

0.48%

Total Investments

100.00%



Portfolio Statistics:


AMT Percentage:

11.80%

Average Coupon:

5.37%

Percentage of Leverage:


Bank Borrowing:

0.00%

Investment Operations:

0.00%

Preferred Stock:

35.96%

Tender Option Bonds:

3.70%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

39.66%*

Average Effective Maturity:

6.13 Years

Effective Duration:

5.29 Years

Total Net Assets:

$113.46 Million**

Common Stock Net Asset Value:

$15.03

Number of Holdings:

65

Portfolio Turnover:

15%



* The total percentage of leverage constitutes 3.70% through the use of tender option bonds, 35.96% 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.