2014

Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

NEW YORK, July 30, 2013 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of June 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

4.92%

2)    New York St Dormitory Auth NPFGC Series 04 5.75%, 8/01/14 (Prerefunded/ETM)

4.83%

3)    Erie Cnty NY Fiscal Stability Auth (Erie Cnty Ny Sales Tax) Series 2011C

4.11%

       5.00%, 12/01/25


4)    New York St Thruway Auth (New York St Thruway Auth Ded Tax) Series             

4.08%

       2011A 5.00%, 4/01/25


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

3.78%

6)    Tobacco Settlement Fin Corp. NY (New York St Lease Tobacco Asset Sec)             

3.66%

       AMBAC Series 03A-1 5.25%, 6/01/21


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

3.14%

8)    New York NY Trnsl Fin Auth Series 2012A-1 5.00%, 5/01/27

3.10%

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

3.04%

10)  New York St Dormitory Auth (New York St Pers Income Tax)               

3.04%

        5.00%, 3/15/26




Sector/Industry Breakdown



Portfolio %

Tax Supported

32.80%

             Special Tax

9.55%

             Local G.O.

5.68%

             Tax-Supported State Lease

1.65%

             State G.O.

0.42%

             Assessment District

50.10%

SUBTOTAL


Revenue


             Water & Sewer

8.48%

             Toll Roads/Transit

7.98%

             Health Care - Not-for-Profit

5.94%

             Airport

4.92%

             Higher Education - Private

3.63%

             Senior Living

3.16%

             Electric Utility

2.02%

             Revenue - Miscellaneous

1.32%

             Industrial Development - Industry

0.47%

             Industrial Development - Utility

0.22%

SUBTOTAL

38.14%

Prerefunded/ETM

5.28%

Cash Equivalents


             Investment Companies

4.57%

SUBTOTAL

4.57%

Asset-Backed


             Housing - Multi-Family

1.91%

SUBTOTAL

1.91%

Total

100.00%



State Breakdown



Portfolio %

New York

88.94%

Puerto Rico

5.28%

Colorado

0.42%

Illinois

0.34%

California

0.23%

Ohio

0.22%

Other

4.57%

Total Investments

100.00%



             Credit Quality Breakdown



Portfolio %

                    AAA

25.31%

                    AA

43.71%

                    A

14.97%

                    BBB

4.53%

                    BB

0.47%

                    Not Rated

1.16%

                    Pre-refunded Bonds

5.28%

                    Short Term Investments

4.57%

                    Total Investments

100.00%



Bonds By Maturity



Portfolio %

Less than 1 year

4.61%

1 to 5 years

5.19%

5 to 10 years

11.38%

10 to 20 years

71.24%

20 to 30 years

7.58%

More than 30 years

0.00%

Other

0.00%

Total Investments

100.00%



Portfolio Statistics:


             AMT Percentage:

9.78%

             Average Coupon:

5.12%

             Percentage of Leverage:


                    Bank Borrowing:

0.00%

                    Investment Operations:

0.00%

                    Preferred Stock:

38.19%

                    Tender Option Bonds:

3.93%

                    Term Asset-Backed Loans Facility (TALF):

0.00%

                    Total Fund Leverage:

42.12%*

             Average Effective Maturity:

6.64 Years

             Effective Duration:

5.64 Years

             Total Net Assets:

$106.83 Million**

             Common Stock Net Asset Value:

$13.65

             Number of Holdings:

68

             Portfolio Turnover:

44%


* The total percentage of leverage constitutes 3.93% through the use of tender option bonds, 38.19%

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.



More by this Source


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.