Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Nov. 23, 2010 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc.[NYSE: AKP] (the "Fund") today released its monthly portfolio update as of October 31, 2010.
Alliance California Municipal Income Fund, Inc. |
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Top 10 Fixed-Income Holdings |
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Portfolio % |
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1) |
Los Angeles CA USD GO NPFGC Series 02E |
5.24% |
|
5.125%, 1/01/27 (Prerefunded/ETM) |
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2) |
Los Angeles CA Dept W&P Pwr NPFGC-RE Series |
4.93% |
|
01A 5.125%, 7/01/41 |
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3) |
California GO 5.25%, 4/01/30 |
4.59% |
|
(Prerefunded/ETM) |
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4) |
Los Angeles CA Wstwtr Sys 5.00%, 6/01/26 |
4.32% |
|
5) |
Palo Alto CA Univ Ave AD Series 02A 5.875%, |
3.90% |
|
9/02/30 |
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6) |
Puerto Rico Hwy & Trnsp Auth Series 02D |
3.38% |
|
5.375%, 7/01/36 (Prerefunded/ETM) |
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7) |
Los Angeles CA Cmnty Redev Agy (Los Angeles CA |
3.23% |
|
CRA Grand Ctrl) AMBAC Series 02 5.375%, |
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12/01/26 |
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8) |
California Infra & Eco Dev Bk (YMCA of Metro |
3.04% |
|
Los Angeles) AMBAC Series 01 5.25%, 2/01/32 |
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9) |
Los Angeles CA Harbor Dept 5.00%, 8/01/26 |
2.97% |
|
10) |
Temecula CA Redev Agy NPFGC Series 02 5.25%, |
2.87% |
|
8/01/36 |
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Sector/Industry Breakdown |
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Portfolio % |
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Prerefunded/ETM |
18.72% |
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Special Tax |
13.34% |
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Water & Sewer |
10.17% |
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Insured |
8.07% |
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Health Care - Not-for-Profit |
7.71% |
||
Revenue - Miscellaneous |
5.85% |
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Airport |
5.57% |
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Assessment District |
4.87% |
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Tax-Supported Local Lease |
4.41% |
||
Local G.O. |
3.48% |
||
Port |
2.97% |
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Housing - Multi-Family |
2.84% |
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Electric Utility |
2.77% |
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Toll Roads/Transit |
2.21% |
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State G.O. |
2.20% |
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Higher Education - Private |
1.72% |
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Tax-Supported State Lease |
1.68% |
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Primary/Secondary Ed. - Private |
1.20% |
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Industrial Development - Utility |
0.22% |
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Total |
100.00% |
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State Breakdown |
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Portfolio % |
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California |
91.70% |
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Puerto Rico |
7.01% |
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Nevada |
1.07% |
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Ohio |
0.22% |
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Total Investments |
100.00% |
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Credit Quality Breakdown |
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Portfolio % |
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AAA |
9.29% |
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AAA(Pre-refunded Bonds) |
18.73% |
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AA |
33.22% |
||
A |
28.44% |
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BBB |
7.58% |
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N/R |
2.74% |
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Total Investments |
100.00% |
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Portfolio Statistics: |
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AMT Percentage: |
12.51% |
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Average Coupon: |
5.36% |
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Percentage of Leverage: |
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Bank Borrowing: |
0.00% |
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Investment Operations: |
1.15% |
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Preferred Stock: |
36.68% |
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Tender Option Bonds: |
4.27% |
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Term Asset-Backed Loans Facility (TALF): |
0.00% |
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Total Fund Leverage: |
42.10%* |
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Average Maturity: |
7.79 Years |
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Effective Duration: |
5.32 Years |
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Total Net Assets: |
$197.8 Million** |
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Common Stock Net Asset Value: |
$14.67 |
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Number of Holdings: |
75 |
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The total percentage of leverage constitutes 4.27% through the use of tender option bonds, 36.68% in issued and outstanding preferred stock and 1.15% in investment operations, which may include the use of certain portfolio management techniques such as credit default swaps, dollar rolls, negative cash, reverse repurchase agreements and when-issued securities.
** Includes 72,550,000 of preferred stock at liquidation value.
The foregoing portfolio characteristics are as of the date indicated and can be expected to change. The Fund is a closed-end U.S.-registered management investment company advised by AllianceBernstein L. P.
SOURCE Alliance California Municipal Income Fund, Inc.
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