Alliance California Municipal Income Fund, Inc. Reports Second Quarter Earnings
NEW YORK, June 26, 2015 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP), a registered closed‑end investment company, today announced earnings for the Fund's second fiscal quarter ended April 30, 2015.
Total net assets of the Fund* on April 30, 2015 were $199,876,002, as compared with $205,650,758 on January 31, 2015 and $195,924,573 on April 30, 2014. On April 30, 2015, the net asset value per share of common stock was $14.88 based on 8,554,668 shares of common stock outstanding.
| April 30, 2015 |
January 31, 2015 |
April 30, 2014 |
|
| Total Net Assets |
$199,876,002 |
$205,650,758 |
$195,924,573 |
| NAV Per Share |
$14.88 |
$15.56 |
$14.42 |
| Shares Outstanding |
8,554,668 |
8,554,668 |
8,554,668 |
For the period February 1, 2015 through April 30, 2015, total net investment income was $1,570,345 or $0.18 per share of common stock. The total net realized and unrealized loss was ($5,718,329) or ($0.67) per share of common stock for the same period.
| Second Quarter Ended April 30, 2015 |
First Quarter Ended January 31, 2015 |
Second Quarter Ended April 30, 2014 |
|
| Total Net Investment Income |
$1,570,345 |
$1,650,237 |
$1,601,339 |
| Per Share |
$0.18 |
$0.19 |
$0.19 |
| Total Net Realized/Unrealized Gain (Loss) |
($5,718,329) |
$4,745,061 |
$4,030,043 |
| Per Share |
($0.67) |
$0.55 |
$0.47 |
* 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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