Alliance California Municipal Income Fund, Inc. Reports First Quarter Earnings
NEW YORK, March 28, 2013 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP), a registered closed‑end investment company, today announced earnings for the Fund's first fiscal quarter ended January 31, 2013.
Total net assets of the Fund* on January 31, 2013 were $201,770,146, as compared with $201,262,705 on October 31, 2012 and $198,477,594 on January 31, 2012. On January 31, 2013, the net asset value per share of common stock was $15.11 based on 8,553,536 shares of common stock outstanding.
January 31, 2013
|
October 31, 2012
|
January 31, 2012
|
|
Total Net Assets |
$201,770,146 |
$201,262,705 |
$198,477,594 |
NAV Per Share |
$15.11 |
$15.05 |
$14.75 |
Shares Outstanding |
8,553,536 |
8,551,198 |
8,539,098 |
For the period November 1, 2012 through January 31, 2013, total net investment income was $1,641,841 or $0.19 per share of common stock. The total net realized and unrealized gain was $595,266 or $0.07 per share of common stock for the same period.
First Quarter Ended January 31, 2013
|
Fourth Quarter Ended October 31, 2012
|
First Quarter Ended January 31, 2012
|
|
Total Net Investment Income |
$1,641,841 |
$1,611,814 |
$2,054,320 |
Per Share |
$0.19 |
$0.19 |
$0.24 |
Total Net Realized/ Unrealized Gain/(Loss) |
$595,266 |
$1,039,456 |
$5,193,180 |
Per Share |
$0.07 |
$0.12 |
$0.69 |
* Total net assets include assets attributable to both common and preferred shares.
Alliance California Municipal Income Fund, Inc. is managed by AllianceBernstein L.P.
SOURCE Alliance California Municipal Income Fund, Inc.
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