Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, June 26, 2012 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of May 31, 2012.
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 5.125%, 1/01/27 (Prerefunded/ETM) |
4.39% |
|
2) Los Angeles CA Wstwtr Sys 5.00%, 6/01/26 |
4.03% |
|
3) San Francisco CA Pub Util Wtr Series 2012C 5.00%, 11/01/26 |
3.93% |
|
4) Los Angeles Cnty CA Met Trnsp Auth (Los Angeles Cnty CA Mta Sales Tax) 5.00%, 7/01/25 |
3.48% |
|
5) Los Angeles CA GO Series 2012A 5.00%, 9/01/23 |
3.18% |
|
6) California Pub Wks Brd (Univ of California Lease) Series 2011A 5.25%, 12/01/26 |
3.11% |
|
7) Los Angeles CA Cmnty Redev Agy (Los Angeles CA Cra Grand Ctrl) AMBAC Series 02 5.375%, 12/01/26 |
2.90% |
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8) Los Angeles CA Harbor Dept 5.00%, 8/01/26 |
2.84% |
|
9) Puerto Rico Hwy & Trnsp Auth Series 02D 5.375%, 7/01/36 (Prerefunded/ETM) |
2.83% |
|
10) San Diego Cnty CA Regl Trnsp Commn Series 2012A 5.00%, 4/01/28 |
2.22% |
Sector/Industry Breakdown |
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Portfolio % |
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Revenue |
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Water & Sewer |
15.69% |
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Electric Utility |
5.22% |
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Port |
4.81% |
|
Revenue - Miscellaneous |
3.71% |
|
Higher Education - Public |
3.11% |
|
Health Care - Not-for-Profit |
2.99% |
|
Higher Education - Private |
2.58% |
|
Airport |
2.34% |
|
Primary/Secondary Ed. - Private |
1.38% |
|
Industrial Development - Utility |
0.18% |
|
SUBTOTAL |
42.01% |
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Tax Supported |
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Special Tax |
13.85% |
|
Local G.O. |
12.02% |
|
Tax-Supported Local Lease |
3.94% |
|
Assessment District |
2.30% |
|
State G.O. |
2.00% |
|
Tax-Supported State Lease |
1.58% |
|
SUBTOTAL |
35.69% |
|
Prerefunded/ETM |
11.32% |
|
Insured/Guaranteed |
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Insured |
6.04% |
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SUBTOTAL |
6.04% |
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Asset-Backed |
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Housing - Multi-Family |
2.53% |
|
SUBTOTAL |
2.53% |
|
Cash Equivalents |
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Investment Companies |
2.41% |
|
SUBTOTAL |
2.41% |
|
Total |
100.00% |
State Breakdown |
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Portfolio % |
|
California |
90.47% |
Puerto Rico |
5.98% |
Nevada |
0.96% |
Ohio |
0.18% |
Other |
2.41% |
Total Investments |
100.00% |
Credit Quality Breakdown |
|
Portfolio % |
|
AAA |
16.19% |
AA |
49.49% |
A |
14.44% |
BBB |
3.36% |
Not Rated |
2.79% |
Pre-refunded Bonds |
11.32% |
Short Term Investments |
2.41% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
AMT Percentage: |
13.86% |
Average Coupon: |
5.89 |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
9.39% |
Preferred Stock: |
36.42% |
Tender Option Bonds: |
4.24% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
50.05%* |
Average Effective Maturity: |
5.96 Years |
Effective Duration: |
5.20 Years |
Total Net Assets: |
$199.21 Million** |
Common Stock Net Asset Value: |
$14.83 |
Number of Holdings: |
82 |
Portfolio Turnover: |
14 |
* The total percentage of leverage constitutes 4.24% through the use of tender option bonds, 36.42% in issued and outstanding preferred stock and 9.39% 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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