Alliance California Municipal Income Fund, Inc. Reports Second Quarter Earnings

Jun 25, 2010, 16:06 ET from Alliance California Municipal Income Fund, Inc.

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.