Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Sept. 27, 2011 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc.(NYSE: AKP) (the "Fund") today released its monthly portfolio update as of August 31, 2011.
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 |
5.23% |
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5.125%, 1/01/27 (Prerefunded/ETM) |
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2) California GO 5.25%, 4/01/30 |
4.56% |
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(Prerefunded/ETM) |
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3) Los Angeles CA Wstwtr Sys 5.00%, 6/01/26 |
4.38% |
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4) Palo Alto CA Univ Ave AD Series 02A 5.875%, |
4.04% |
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9/02/30 |
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5) Los Angeles Cnty CA Met Trnsp Auth (Los |
3.75% |
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Angeles Cnty CA MTA Sales Tax) |
5.00%, |
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7/01/25 |
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6) Puerto Rico Hwy & Trnsp Auth Series 02D |
3.38% |
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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 |
3.34% |
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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 |
3.16% |
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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 |
3.06% |
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10) California Hlth Fac Fin Auth (Sutter Health) |
2.52% |
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Series 00A 6.25%, 8/15/35 |
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Sector/Industry Breakdown |
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Portfolio % |
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Revenue |
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Health Care - Not-for-Profit |
6.82% |
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Revenue - Miscellaneous |
6.05% |
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Electric Utility |
5.61% |
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Water & Sewer |
5.34% |
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Port |
5.30% |
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Airport |
2.92% |
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Toll Roads/Transit |
1.91% |
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Higher Education - Private |
1.75% |
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Primary/Secondary Ed. - Private |
1.21% |
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Industrial Development - Utility |
0.22% |
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SUBTOTAL |
37.13% |
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Tax Supported |
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Special Tax |
10.64% |
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Assessment District |
5.55% |
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Tax-Supported Local Lease |
3.88% |
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Local G.O. |
3.57% |
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State G.O. |
2.24% |
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Tax-Supported State Lease |
1.76% |
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SUBTOTAL |
27.64% |
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Prerefunded/ETM |
19.20% |
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Insured/Guaranteed |
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Insured |
9.98% |
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SUBTOTAL |
9.98% |
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Asset-Backed |
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Housing - Multi-Family |
2.91% |
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SUBTOTAL |
2.91% |
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Cash Equivalents |
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Investment Companies |
2.13% |
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SUBTOTAL |
2.13% |
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Note/VRDBs |
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Money Market |
1.01% |
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SUBTOTAL |
1.01% |
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Total |
100.00% |
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State Breakdown |
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Portfolio % |
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California |
89.53% |
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Puerto Rico |
5.02% |
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Ohio |
2.22% |
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Nevada |
1.10% |
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Other |
2.13% |
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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 |
10.35% |
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AAA(Pre-refunded Bonds) |
19.20% |
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AA |
35.56% |
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A |
19.28% |
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BBB |
9.70% |
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Short Term Investments |
3.13% |
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Not Rated |
2.78% |
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Total Investments |
100.00% |
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Portfolio Statistics: |
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AMT Percentage: |
12.66% |
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Average Coupon: |
5.29 |
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Percentage of Leverage: |
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Bank Borrowing: |
0.00% |
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Investment Operations: |
0.00% |
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Preferred Stock: |
37.71% |
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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: |
42.10%* |
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Average Maturity: |
5.23 Years |
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Effective Duration: |
4.97 Years |
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Total Net Assets: |
$192.37 Million** |
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Common Stock Net Asset Value: |
$14.04 |
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Number of Holdings: |
74 |
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* The total percentage of leverage constitutes 4.39% through the use of tender option bonds, 37.71% 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. |
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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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