Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Dec. 28, 2010 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc.(NYSE: AKP) (the "Fund") today released its monthly portfolio update as of November 30, 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 |
5.35% |
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5.125%, 1/01/27 (Prerefunded/ETM) |
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2) Los Angeles CA Dept W&P Pwr NPFGC-RE Series |
4.99% |
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01A 5.125%, 7/01/41 |
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3) California GO 5.25%, 4/01/30 |
4.68% |
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(Prerefunded/ETM) |
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4) Los Angeles CA Wstwtr Sys 5.00%, 6/01/26 |
4.19% |
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5) Palo Alto CA Univ Ave AD Series 02A 5.875%, |
3.87% |
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9/02/30 |
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6) Puerto Rico Hwy & Trnsp Auth Series 02D |
3.45% |
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5.375%, 7/01/36 (Prerefunded/ETM) |
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7) Los Angeles CA Cmnty Redev Agy (Los Angeles CA |
3.31% |
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CRA Grand Ctrl) AMBAC Series 02 5.375%, |
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12/01/26 |
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8) Los Angeles CA Harbor Dept 5.00%, 8/01/26 |
2.90% |
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9) California Infra & Eco Dev Bk (YMCA of Metro |
2.89% |
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Los Angeles) AMBAC Series 01 5.25%, 2/01/32 |
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10) Temecula CA Redev Agy NPFGC Series 02 5.25%, |
2.83% |
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8/01/36 |
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Sector/Industry Breakdown |
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Portfolio % |
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Prerefunded/ETM |
19.10% |
|
Special Tax |
13.39% |
|
Water & Sewer |
10.11% |
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Insured |
8.09% |
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Health Care - Not-for-Profit |
7.85% |
|
Revenue - Miscellaneous |
5.61% |
|
Assessment District |
5.33% |
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Port |
5.12% |
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Tax-Supported Local Lease |
3.90% |
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Local G.O. |
3.46% |
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Airport |
3.32% |
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Housing - Multi-Family |
2.90% |
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Electric Utility |
2.73% |
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State G.O. |
2.20% |
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Toll Roads/Transit |
2.16% |
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Higher Education - Private |
1.72% |
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Tax-Supported State Lease |
1.59% |
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Primary/Secondary Ed. - Private |
1.21% |
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Industrial Development - Utility |
0.21% |
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Total |
100.00% |
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State Breakdown |
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Portfolio % |
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California |
91.57% |
|
Puerto Rico |
7.13% |
|
Nevada |
1.09% |
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Ohio |
0.21% |
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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 |
9.34% |
|
AAA(Pre-refunded Bonds) |
19.11% |
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AA |
33.19% |
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A |
28.07% |
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BBB |
7.55% |
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Not Rated |
2.74% |
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Total Investments |
100.00% |
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Portfolio Statistics: |
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AMT Percentage: |
12.56% |
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Average Coupon: |
5.45% |
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Percentage of Leverage: |
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Bank Borrowing: |
0.00% |
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Investment Operations: |
1.19% |
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Preferred Stock: |
37.67% |
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Tender Option Bonds: |
4.39% |
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Term Asset-Backed Loans Facility (TALF): |
0.00% |
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Total Fund Leverage: |
43.25%* |
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Average Maturity: |
9.49 Years |
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Effective Duration: |
6.62 Years |
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Total Net Assets: |
$192.58 Million** |
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Common Stock Net Asset Value: |
$14.06 |
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Number of Holdings: |
75 |
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The total percentage of leverage constitutes 4.39% through the use of tender option bonds, 37.67% in issued and outstanding preferred stock and 1.19% 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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