Alliance California Municipal Income Fund, Inc. Reports First Quarter Earnings
NEW YORK, March 28, 2016 /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, 2016.
Total net assets of the Fund* on January 31, 2016 were $164,104,303, as compared with $159,492,007 on October 31, 2015 and $205,650,758 on January 31, 2015. On January 31, 2016, the net asset value per share of common stock was $15.69 based on 8,554,668 shares of common stock outstanding.
January 31, 2016 |
October 31, 2015 |
January 31, 2015 |
|
Total Net Assets |
$164,104,303 |
$159,492,007 |
$205,650,758 |
NAV Per Share |
$15.69 |
$15.15 |
$15.56 |
Shares Outstanding |
8,554,668 |
8,554,668 |
8,554,668 |
For the period November 1, 2015 through January 31, 2016, total net investment income was $1,569,031 or $0.18 per share of common stock. The total net realized and unrealized gain was $4,600,422 or $0.54 per share of common stock for the same period.
First Quarter Ended January 31, 2016 |
Fourth Quarter Ended October 31, 2015 |
First Quarter Ended January 31, 2015 |
|
Total Net Investment Income |
$1,569,031 |
$1,493,885 |
$1,650,237 |
Per Share |
$0.18 |
$0.17 |
$0.19 |
Total Net Realized/ Unrealized Gain |
$4,600,422 |
$990,897 |
$4,745,061 |
Per Share |
$0.54 |
$0.12 |
$0.55 |
* 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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