Alliance California Municipal Income Fund, Inc. Reports Second Quarter Earnings
NEW YORK, June 25 /PRNewswire-FirstCall/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP), a registered closedend investment company, today announced earnings for the Fund's second fiscal quarter ended April 30, 2010.
Total net assets of the Fund* on April 30, 2010 were $194,349,603, as compared with $191,925,183 on January 31, 2010 and $184,866,062 on April 30, 2009. On April 30, 2010, the net asset value per share of common stock was $14.27 based on 8,536,533 shares of common stock outstanding.
April 30, 2010 |
January 31, 2010 |
April 30, 2009 |
||
Total Net Assets |
$194,349,603 |
$191,925,183 |
$184,866,062 |
|
NAV Per Share |
$14.27 |
$13.98 |
$13.16 |
|
Shares Outstanding |
8,536,533 |
8,536,533 |
8,536,533 |
|
For the period February 1, 2010 through April 30, 2010, total net investment income was $2,175,764 or $0.25 per share of common stock. The total net realized and unrealized gain was $2,268,539 or $0.27 per share of common stock for the same period.
Second Quarter Ended April 30, 2010 |
First Quarter Ended January 31, 2010 |
Second Quarter Ended April 30, 2009 |
||
Total Net Investment Income |
$2,175,764 |
$2,226,449 |
$2,076,481 |
|
Per Share |
$0.25 |
$0.26 |
$0.24 |
|
Total Net Realized/ Unrealized Gain/(Loss) |
$2,268,539 |
$20,172 |
$3,821,687 |
|
Per Share |
$0.27 |
$0.00 |
$0.45 |
|
* 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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