Alliance New York Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, May 28, 2013 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. [NYSE: AYN] (the "Fund") today released its monthly portfolio update as of April 30, 2013.
Alliance New York Municipal Income Fund, Inc. |
|
Top 10 Fixed-Income Holdings |
|
Portfolio % |
|
1) Port Authority of NY & NJ 5.00%, 10/01/27 |
5.01% |
2) New York St Dormitory Auth NPFGC Series 04 |
4.61% |
5.75%, 8/01/14 (Prerefunded/ETM) |
|
3) Erie Cnty NY Fiscal Stability Auth (Erie Cnty |
4.16% |
NyYSales Tax) Series 2011C 5.00%, 12/01/25 |
|
4) New York St Thruway Auth (New York St Thruway |
4.12% |
Auth Ded Tax) Series 2011A 5.00%, 4/01/25 |
|
5) Puerto Rico Sales Tax Fin Corp. Series 2009A |
3.72% |
5.50%, 8/01/28 |
|
6) Tobacco Settlement Fin Corp. NY (New York St |
3.47% |
Lease Tobacco Asset Sec) AMBAC Series 03A-1 |
|
5.25%, 6/01/21 |
|
7) New York St Envrn Fac Corp. 5.00%, |
3.23% |
8/15/24 |
|
8) New York NY Trnsl Fin Auth Series 2012A-1 |
3.10% |
5.00%, 5/01/27 |
|
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 Series 2002B |
3.07% |
5.00%, 2/01/27 |
|
Sector/Industry Breakdown |
|
Portfolio % |
|
Tax Supported |
|
Special Tax |
33.10% |
Local G.O. |
9.59% |
Tax-Supported State Lease |
5.52% |
State G.O. |
1.60% |
Assessment District |
0.43% |
SUBTOTAL |
50.24% |
Revenue |
|
Water & Sewer |
8.64% |
Toll Roads/Transit |
8.13% |
Health Care - Not-for-Profit |
6.08% |
Airport |
5.01% |
Higher Education - Private |
3.66% |
Senior Living |
3.16% |
Electric Utility |
1.97% |
Revenue - Miscellaneous |
1.37% |
Industrial Development - Industry |
0.49% |
Industrial Development - Utility |
0.21% |
SUBTOTAL |
38.72% |
Prerefunded/ETM |
6.78% |
Asset-Backed |
|
Housing - Multi-Family |
1.82% |
Housing - Single Family |
1.20% |
SUBTOTAL |
3.02% |
Cash Equivalents |
|
Investment Companies |
1.24% |
SUBTOTAL |
1.24% |
Total |
100.00% |
State Breakdown |
|
Portfolio % |
|
New York |
91.20% |
Puerto Rico |
6.39% |
Colorado |
0.43% |
Illinois |
0.31% |
California |
0.22% |
Ohio |
0.21% |
Other |
1.24% |
Total Investments |
100.00% |
Credit Quality Breakdown |
|
Portfolio % |
|
AAA |
26.83% |
AA |
43.93% |
A |
13.95% |
BBB |
5.65% |
BB |
0.49% |
Not Rated |
1.13% |
Pre-refunded Bonds |
6.78% |
Short Term Investments |
1.24% |
Total Investments |
100.00% |
Bonds By Maturity |
|
Portfolio % |
|
Less than 1 year |
3.02% |
1 to 5 years |
4.96% |
5 to 10 years |
11.03% |
10 to 20 years |
73.20% |
20 to 30 years |
7.79% |
More than 30 years |
0.00% |
Other |
0.00% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
AMT Percentage: |
9.93% |
Average Coupon: |
5.30% |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
0.00% |
Preferred Stock: |
36.12% |
Tender Option Bonds: |
3.72% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
39.84%* |
Average Effective Maturity: |
6.49 Years |
Effective Duration: |
5.52 Years |
Total Net Assets: |
$112.94 Million** |
Common Stock Net Asset Value: |
$14.92 |
Number of Holdings: |
70 |
Portfolio Turnover: |
44% |
* The total percentage of leverage constitutes 3.72% through the use of tender option bonds, 36.12% 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.
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