Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, March 27, 2012 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of February 29, 2012.
| Alliance California Municipal Income Fund, Inc. |
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| Top 10 Fixed-Income Holdings |
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Portfolio % |
| 1) Los Angeles CA USD GO NPFGC Series 02E |
4.88% |
| 5.125%, 1/01/27 (Prerefunded/ETM) |
|
| 2) Los Angeles CA Wstwtr Sys 5.00%, 6/01/26 |
4.45% |
| 3) California GO 5.25%, 4/01/30 |
4.26% |
| (Prerefunded/ETM) |
|
| 4) Palo Alto CA Univ Ave AD Series 02A 5.875%, |
3.93% |
| 9/02/30 |
|
| 5) Los Angeles Cnty CA Met Trnsp Auth (Los |
3.80% |
| Angeles Cnty CA Mta Sales Tax) 5.00%, |
|
| 7/01/25 |
|
| 6) California Pub Wks Brd (Univ of California |
3.41% |
| Lease) Series 2011A 5.25%, 12/01/26 |
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| 7) Los Angeles CA Cmnty Redev Agy (Los Angeles CA |
3.19% |
| Cra Grand Ctrl) AMBAC Series 02 5.375%, |
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| 12/01/26 |
|
| 8) Puerto Rico Hwy & Trnsp Auth Series 02D |
3.15% |
| 5.375%, 7/01/36 (Prerefunded/ETM) |
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| 9) Los Angeles CA Harbor Dept 5.00%, 8/01/26 |
3.09% |
| 10) California Infra & Eco Dev Bk (YMCA of Metro |
3.06% |
| Los Angeles) AMBAC Series 01 5.25%, 2/01/32 |
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| Sector/Industry Breakdown |
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Portfolio % |
| Revenue |
|
| Water & Sewer |
10.59% |
| Revenue - Miscellaneous |
5.96% |
| Electric Utility |
5.71% |
| Port |
5.27% |
| Health Care - Not-for-Profit |
4.14% |
| Higher Education - Public |
3.41% |
| Airport |
2.95% |
| Toll Roads/Transit |
2.05% |
| Higher Education - Private |
1.72% |
| Primary/Secondary Ed. - Private |
1.49% |
| Industrial Development - Utility |
0.20% |
| SUBTOTAL |
43.49% |
| Tax Supported |
|
| Special Tax |
10.54% |
| Assessment District |
6.46% |
| Tax-Supported Local Lease |
4.33% |
| Local G.O. |
3.55% |
| State G.O. |
2.20% |
| Tax-Supported State Lease |
1.73% |
| SUBTOTAL |
28.81% |
| Prerefunded/ETM |
17.94% |
| Insured/Guaranteed |
|
| Insured |
6.60% |
| SUBTOTAL |
6.60% |
| Asset-Backed |
|
| Housing - Multi-Family |
2.79% |
| SUBTOTAL |
2.79% |
| Cash Equivalents |
|
| Investment Companies |
0.37% |
| SUBTOTAL |
0.37% |
| Total |
100.00% |
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| State Breakdown |
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Portfolio % |
| California |
91.73% |
| Puerto Rico |
6.63% |
| Nevada |
1.07% |
| Ohio |
0.20% |
| Other |
0.37% |
| Total Investments |
100.00% |
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| Credit Quality Breakdown |
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|
Portfolio % |
| AAA |
11.92% |
| AA |
38.13% |
| A |
18.95% |
| BBB |
9.66% |
| Not Rated |
3.03% |
| Pre-refunded Bonds |
17.94% |
| Short Term Investments |
0.37% |
| Total Investments |
100.00% |
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| Portfolio Statistics: |
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| AMT Percentage: |
13.72% |
| Average Coupon: |
5.63 |
| Percentage of Leverage: |
|
| Bank Borrowing: |
0.00% |
| Investment Operations: |
1.61% |
| Preferred Stock: |
36.57% |
| Tender Option Bonds: |
4.26% |
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
| Total Fund Leverage: |
42.44%* |
| Average Maturity: |
4.26 Years |
| Effective Duration: |
3.96 Years |
| Total Net Assets: |
$198.41 Million** |
| Common Stock Net Asset Value: |
$14.74 |
| Number of Holdings: |
75 |
* The total percentage of leverage constitutes 4.26% through the use of tender option bonds, 36.57% in issued and outstanding preferred
stock and 1.61% 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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