Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, May 29, 2012 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of April 30, 2012.
| Alliance California Municipal Income Fund, Inc. |
|
| Top 10 Fixed-Income Holdings |
Portfolio % |
| 1) Los Angeles CA USD GO NPFGC Series 02E |
4.87% |
| 5.125%, 1/01/27 (Prerefunded/ETM) |
|
| 2) Los Angeles CA Wstwtr Sys 5.00%, 6/01/26 |
4.45% |
| 3) Los Angeles Cnty CA Met Trnsp Auth (Los |
3.83% |
| Angeles Cnty CA Mta Sales Tax) 5.00%, |
|
| 7/01/25 |
|
| 4) California Pub Wks Brd (Univ of California |
3.40% |
| Lease) Series 2011A 5.25%, 12/01/26 |
|
| 5) Los Angeles CA Cmnty Redev Agy (Los Angeles CA |
3.21% |
| CRA Grand Ctrl) AMBAC Series 02 5.375%, |
|
| 12/01/26 |
|
| 6) Puerto Rico Hwy & Trnsp Auth Series 02D |
3.14% |
| 5.375%, 7/01/36 (Prerefunded/ETM) |
|
| 7) Los Angeles CA Harbor Dept 5.00%, 8/01/26 |
3.08% |
| 8) California Infra & Eco Dev Bk (YMCA of Metro |
3.08% |
| Los Angeles) AMBAC Series 01 5.25%, 2/01/32 |
|
| 9) Coast CA CCD GO AGM Series 06B 5.00%, |
2.37% |
| 8/21/24 |
|
| 10) Southern CA Pub Pwr Auth (Los Angeles CA Dept |
2.32% |
| W&P Pwr) 5.25%, 7/01/25 |
|
| Sector/Industry Breakdown |
Portfolio % |
| Revenue |
|
| Water & Sewer |
11.79% |
| Revenue - Miscellaneous |
7.17% |
| Electric Utility |
5.75% |
| Port |
5.26% |
| Higher Education - Public |
3.40% |
| Health Care - Not-for-Profit |
3.32% |
| Airport |
2.94% |
| Toll Roads/Transit |
1.83% |
| Higher Education - Private |
1.74% |
| Primary/Secondary Ed. - Private |
1.47% |
| Industrial Development - Utility |
0.20% |
| SUBTOTAL |
44.87% |
| Tax Supported |
|
| Special Tax |
10.62% |
| Local G.O. |
9.67% |
| Tax-Supported Local Lease |
4.34% |
| Assessment District |
2.54% |
| State G.O. |
2.21% |
| Tax-Supported State Lease |
1.74% |
| SUBTOTAL |
31.12% |
| Prerefunded/ETM |
14.54% |
| Insured/Guaranteed |
|
| Insured |
6.67% |
| SUBTOTAL |
6.67% |
| Asset-Backed |
|
| Housing - Multi-Family |
2.80% |
| SUBTOTAL |
2.80% |
| Total |
100.00% |
| State Breakdown |
Portfolio % |
| California |
92.09% |
| Puerto Rico |
6.64% |
| Nevada |
1.07% |
| Ohio |
0.20% |
| Total Investments |
100.00% |
| Credit Quality Breakdown |
Portfolio % |
| AAA |
13.21% |
| AA |
43.45% |
| A |
20.23% |
| BBB |
5.54% |
| Not Rated |
3.03% |
| Pre-refunded Bonds |
14.54% |
| Total Investments |
100.00% |
| Portfolio Statistics: |
|
| AMT Percentage: |
13.89% |
| Average Coupon: |
5.53 |
| Percentage of Leverage: |
|
| Bank Borrowing: |
0.00% |
| Investment Operations: |
1.71% |
| Preferred Stock: |
36.60% |
| Tender Option Bonds: |
4.26% |
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
| Total Fund Leverage: |
42.57%* |
| Average Effective Maturity: |
4.81 Years |
| Effective Duration: |
4.31 Years |
| Total Net Assets: |
$198.23 Million** |
| Common Stock Net Asset Value: |
$14.71 |
| Number of Holdings: |
76 |
| Portfolio Turnover |
14 |
* The total percentage of leverage constitutes 4.26% through the use of tender option bonds, 36.60% in issued and outstanding preferred stock and 1.71% 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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