Alliance New York Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Nov. 27, 2012 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of October 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 |
4.85% |
2) New York St Dormitory Auth (Maimonides Med Ctr) NPFGC Series 04 5.75%, 8/01/29 |
4.43% |
3) Erie Cnty NY Fiscal Stability Auth (Erie Cnty NY Sales Tax) Series 2011C 5.00%, 12/01/25 |
4.04% |
4) New York St Thruway Auth (New York St Thruway Auth Ded Tax) Series 2011A 5.00%, 4/01/25 |
4.00% |
5) Puerto Rico Sales Tax Fin Corp. Series 2009A 5.50%, 8/01/28 |
3.72% |
6) Tobacco Settlement Fin Corp. NY (New York St Lease Tobacco Asset Sec) AMBAC Series 03A-1 5.25%, 6/01/21 |
3.43% |
7) New York St Envrn Fac Corp. 5.00%, 8/15/24 |
3.12% |
8) New York NY Trnsl Fin Auth 5.00%, 5/01/27 |
3.02% |
9) New York St Thruway Auth (New York St Pers Income Tax) Series 2011A 5.00%, 3/15/26 |
3.02% |
10) New York NY Trnsl Fin Auth Series 2002B 5.00%, 2/01/27 |
3.00% |
Sector/Industry Breakdown |
|
Portfolio % |
|
Tax Supported |
|
Special Tax |
32.24% |
Local G.O. |
12.16% |
Tax-Supported State Lease |
7.11% |
State G.O. |
2.28% |
Assessment District |
0.41% |
SUBTOTAL |
54.20% |
Revenue |
|
Health Care - Not-for-Profit |
10.62% |
Water & Sewer |
10.13% |
Toll Roads/Transit |
8.99% |
Airport |
4.85% |
Higher Education - Private |
3.54% |
Electric Utility |
1.95% |
Senior Living |
1.66% |
Industrial Development - Utility |
0.20% |
SUBTOTAL |
41.94% |
Asset-Backed |
|
Housing - Multi-Family |
1.75% |
Housing - Single Family |
1.20% |
SUBTOTAL |
2.95% |
Prerefunded/ETM |
0.91% |
Total |
100.00% |
State Breakdown |
|
Portfolio % |
|
New York |
91.88% |
Puerto Rico |
6.38% |
California |
0.86% |
Colorado |
0.41% |
Illinois |
0.27% |
Ohio |
0.20% |
Total Investments |
100.00% |
Credit Quality Breakdown |
|
Portfolio % |
|
AAA |
27.87% |
AA |
45.88% |
A |
14.50% |
BBB |
9.77% |
Not Rated |
1.07% |
Pre-refunded Bonds |
0.91% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
AMT Percentage: |
11.59% |
Average Coupon: |
5.59% |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
5.23% |
Preferred Stock: |
36.02% |
Tender Option Bonds: |
3.71% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
44.96%* |
Average Effective Maturity: |
6.58 Years |
Effective Duration: |
5.67 Years |
Total Net Assets: |
$113.29 Million** |
Common Stock Net Asset Value: |
$14.99 |
Number of Holdings: |
67 |
Portfolio Turnover: |
15% |
* The total percentage of leverage constitutes 3.71% through the use of tender option bonds, 36.02% in issued and outstanding preferred stock and 5.23% 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.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article