Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

Aug 21, 2015, 16:06 ET from Alliance New York Municipal Income Fund, Inc.

NEW YORK, Aug. 21, 2015 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. [NYSE: AYN] (the "Fund") today released its monthly portfolio update as of July 31, 2015.




Alliance New York Municipal Income Fund, Inc.









Top 10 Fixed-Income Holdings

Portfolio %


1) Port Authority of New York & New Jersey Series 2012 5.00%, 10/01/34

4.82%


2) Utility Debt Securitization Authority Series 2013T 5.00%, 12/15/30

4.19%


3) Erie County Fiscal Stability Authority (Erie County Fiscal Stability Authority Sales Tax) Series 2011C 5.00%, 12/01/25

4.15%


4) New York State Thruway Authority (New York State Thruway Authority Ded Tax)  Series 2011A 5.00%, 4/01/31

3.96%


5) New York State Dormitory Authority (State University of New York Dormitory Fees)  Series 2013A 5.25%, 7/01/30

3.10%


6) New York State Dormitory Authority (State of New York Pers Income Tax)  Series 2012A 5.00%, 6/15/31

3.03%


7) New York State Thruway Authority (New York State Thruway Authority Gen Toll Road)  Series 2014J 5.00%, 1/01/41

2.91%


8) New York State Dormitory Authority (New York St Pers Income Tax) 5.00%, 3/15/26

2.90%


9) Idaho Housing & Finance Association (State of Idaho Fed Hwy Grant)  Series 2014 5.00%, 7/15/31

2.81%


10) New York City Municipal Water Finance Authority Series 2011HH 5.00%, 6/15/26

2.62%








Sector/Industry Breakdown

Portfolio %


Revenue



Toll Roads/Transit

10.86%


Water & Sewer

10.14%


Higher Education - Private

9.59%


Health Care - Not-for-Profit

9.39%


Revenue - Miscellaneous

8.24%


Electric Utility

7.59%


Airport

7.30%


Senior Living

3.59%


Higher Education - Public

1.22%


Industrial Development - Utility

0.15%


SUBTOTAL

68.07%


Tax Supported



Special Tax

19.15%


Tax-Supported State Lease

3.02%


Local G.O.

2.03%


State G.O.

0.18%


SUBTOTAL

24.38%


Asset-Backed



Housing - Multi-Family

3.86%


SUBTOTAL

3.86%


Prerefunded/ETM

2.74%


Cash Equivalents



Investment Companies

0.95%


SUBTOTAL

0.95%


Total

100.00%





State Breakdown

Portfolio %


New York

91.49%


Idaho

2.81%


Texas

2.03%


Kansas

0.98%


Florida

0.96%


Colorado

0.45%


California

0.18%


Ohio

0.15%


Other

0.95%


Total Investments

100.00%





Credit Quality Breakdown

Portfolio %


AAA

15.57%


AA

51.71%


A

17.82%


BBB

9.71%


BB

1.09%


Not Rated

0.41%


Pre-refunded Bonds

2.74%


Short Term Investments

0.95%


Total Investments

100.00%





Bonds By Maturity

Portfolio %


Less than 1 year

1.99%


1 to 5 years

3.31%


5 to 10 years

5.09%


10 to 20 years

73.45%


20 to 30 years

14.21%


More than 30 years

1.95%


Other

0.00%


Total Investments

100.00%





Portfolio Statistics:



AMT Percentage:

10.50%


Average Coupon:

5.17%


Percentage of Leverage:



Bank Borrowing:

0.00%


Investment Operations:

0.45%


Preferred Stock:

37.23%


Tender Option Bonds:

3.86%


Term Asset-Backed Loans Facility (TALF):

0.00%


Total Fund Leverage:

41.54%*


Average Effective Maturity:

6.60 Years


Effective Duration:

5.68 Years


Total Net Assets:

$110.65 Million**


Common Stock Net Asset Value:

$14.44


Number of Holdings:

74


Portfolio Turnover:

42%


* The total percentage of leverage constitutes 3.86% through the use of tender option bonds, 37.23% in issued and outstanding preferred stock and 0.45% 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.



RELATED LINKS

http://www.alliancebernstein.com