Alliance California Municipal Income Fund, Inc. Reports Second Quarter Earnings
NEW YORK, June 24, 2016 /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, 2016.
Total net assets of the Fund* on April 30, 2016 were $165,550,453, as compared with $164,104,303 on January 31, 2016 and $199,876,002 on April 30, 2015. On April 30, 2016, the net asset value per share of common stock was $15.86 based on 8,554,668 shares of common stock outstanding.
April 30, 2016 |
January 31, 2016 |
April 30, 2015 |
|
Total Net Assets |
$165,550,453 |
$164,104,303 |
$199,876,002 |
NAV Per Share |
$15.86 |
$15.69 |
$14.88 |
Shares Outstanding |
8,554,668 |
8,554,668 |
8,554,668 |
For the period February 1, 2016 through April 30, 2016, total net investment income was $1,391,402 or $0.16 per share of common stock. The total net realized and unrealized gain was $1,591,171 or $0.19 per share of common stock for the same period.
Second Quarter |
First Quarter |
Second Quarter |
|
Total Net Investment Income |
$1,391,402 |
$1,569,031 |
$1,570,345 |
Per Share |
$0.16 |
$0.18 |
$0.18 |
Total Net Realized/Unrealized Gain (Loss) |
$1,591,171 |
$4,600,422 |
($5,718,329) |
Per Share |
$0.19 |
$0.54 |
($0.67) |
* 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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