Alliance California Municipal Income Fund Releases Monthly Portfolio Update

News provided by

Alliance California Municipal Income Fund, Inc.

Apr 26, 2011, 04:06 ET

NEW YORK, April 26, 2011 /PRNewswire/ --- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of March 31, 2011.

Alliance California Municipal Income Fund, Inc.

Top 10 Fixed-Income Holdings	Portfolio %
1) Los Angeles CA USD GO NPFGC Series 02E	5.75%
5.125%, 1/01/27 (Prerefunded/ETM)
2) California GO 5.25%, 4/01/30	5.03%
(Prerefunded/ETM)
3) Los Angeles CA Wstwtr Sys 5.00%, 6/01/26	4.47%
4) Palo Alto CA Univ Ave AD Series 02A 5.875%,	4.04%
9/02/30
5) Los Angeles CA Dept W&P Pwr NPFGC-RE Series	4.01%
01A 5.125%, 7/01/41
6) Puerto Rico Hwy & Trnsp Auth Series 02D	3.71%
5.375%, 7/01/36 (Prerefunded/ETM)
7) Los Angeles CA Cmnty Redev Agy (Los Angeles CA	3.57%
CRA Grand Ctrl) AMBAC Series 02 5.375%, 12/01/26
8) Los Angeles CA Harbor Dept 5.00%, 8/01/26	3.07%
9) California Infra & Eco Dev Bk (YMCA of Metro	3.06%
Los Angeles) AMBAC Series 01 5.25%, 2/01/32
10) California Hlth Fac Fin Auth (Sutter Health)	2.72%
Series 00A 6.25%, 8/15/35

Sector/Industry Breakdown	Portfolio %

Prerefunded/ETM	20.54%
Special Tax	10.00%
Water & Sewer	9.46%
Insured	8.52%
Health Care - Not-for-Profit	8.31%
Revenue - Miscellaneous	5.90%
Assessment District	5.58%
Port	5.28%
Tax-Supported Local Lease	3.98%
Local G.O.	3.66%
Airport	3.48%
Housing - Multi-Family	3.10%
Electric Utility	2.81%
State G.O.	2.34%
Toll Roads/Transit	2.02%
Higher Education - Private	1.81%
Tax-Supported State Lease	1.70%
Primary/Secondary Ed. - Private	1.28%
Industrial Development - Utility	0.23%
Total	100.00%

State Breakdown	Portfolio %

California	91.00%
Puerto Rico	7.62%
Nevada	1.15%
Ohio	0.23%
Total Investments	100.00%

Credit Quality Breakdown	Portfolio %

AAA	9.88%
AAA(Pre-refunded Bonds)	20.55%
AA	34.02%
A	24.02%
BBB	8.66%
Not Rated	2.87%
Total Investments	100.00%

Portfolio Statistics:
AMT Percentage:	12.57%
Average Coupon:	5.12%
Percentage of Leverage:
Bank Borrowing:	0.00%
Investment Operations:	0.00%
Preferred Stock:	39.22%
Tender Option Bonds:	4.57%
Term Asset-Backed Loans Facility (TALF):	0.00%
Total Fund Leverage:	43.79%*
Average Maturity:	10.93 Years
Effective Duration:	7.34 Years
Total Net Assets:	$184.97 Million**
Common Stock Net Asset Value:	$13.17
Number of Holdings:	73

* The total percentage of leverage constitutes 4.57% through the use of tender option bonds, 39.22% in issued and outstanding preferred stock and 0.00% 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.