Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

Nov 27, 2012, 16:06 ET from Alliance New York Municipal Income Fund, Inc.

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.