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. |
|
|
|
Top 10 Fixed-Income Holdings |
|
|
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 |
|
7) Los Angeles CA Cmnty Redev Agy (Los Angeles CA |
3.19% |
Cra Grand Ctrl) AMBAC Series 02 5.375%, |
|
12/01/26 |
|
8) Puerto Rico Hwy & Trnsp Auth Series 02D |
3.15% |
5.375%, 7/01/36 (Prerefunded/ETM) |
|
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% |
|
|
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% |
|
|
Credit Quality Breakdown |
|
|
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% |
|
|
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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