Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Sept. 25, 2012 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. [NYSE: AKP] (the "Fund") today released its monthly portfolio update as of August 31, 2012.
| Alliance California Municipal Income Fund, Inc. |
|
| Top 10 Fixed-Income Holdings |
|
| Portfolio % |
|
| 1) Los Angeles CA Wstwtr Sys 5.00%, 6/01/26 |
4.44% |
| 2) San Francisco City/Cnty CA Pub Util Wtr |
4.36% |
| Series 2012C 5.00%, 11/01/26 |
|
| 3) Los Angeles Cnty CA Met Trnsp Auth (Los |
3.77% |
| Angeles Cnty Ca Mta Sales Tax) 5.00%, |
|
| 7/01/25 |
|
| 4) Los Angeles CA GO Series 2012A 5.00%, |
3.48% |
| 9/01/23 |
|
| 5) California Pub Wks Brd (Univ Of California |
3.43% |
| Lease) Series 2011A 5.25%, 12/01/26 |
|
| 6) Los Angeles CA Cmnty Redev Agy (Los Angeles Ca |
3.14% |
| Cra Grand Ctrl) AMBAC Series 02 5.375%, |
|
| 12/01/26 |
|
| 7) Los Angeles CA Harbor Dept 5.00%, 8/01/26 |
3.07% |
| 8) CLOVIS CA USD GO Series 2012A 5.00%, |
2.48% |
| 8/01/28 |
|
| 9) San Diego Cnty CA Regl Trnsp Commn Series |
2.46% |
| 2012A 5.00%, 4/01/28 |
|
| 10) Coast CA CCD GO AGM Series 06B 5.00%, |
2.32% |
| 8/21/24 |
|
| Sector/Industry Breakdown |
|
| Portfolio % |
|
| Revenue |
|
| Water & Sewer |
17.23% |
| Electric Utility |
5.68% |
| Port |
5.18% |
| Higher Education - Public |
4.57% |
| Revenue - Miscellaneous |
4.03% |
| Health Care - Not-for-Profit |
3.23% |
| Airport |
2.57% |
| Higher Education - Private |
2.36% |
| Primary/Secondary Ed. - Private |
1.51% |
| Industrial Development - Utility |
0.19% |
| SUBTOTAL |
46.55% |
| Tax Supported |
|
| Local G.O. |
15.64% |
| Special Tax |
15.13% |
| Tax-Supported Local Lease |
3.41% |
| State G.O. |
2.14% |
| Assessment District |
2.01% |
| Tax-Supported State Lease |
1.71% |
| SUBTOTAL |
40.04% |
| Insured/Guaranteed |
|
| Insured |
8.08% |
| SUBTOTAL |
8.08% |
| Asset-Backed |
|
| Housing - Multi-Family |
2.74% |
| SUBTOTAL |
2.74% |
| Prerefunded/ETM |
2.59% |
| Total |
100.00% |
| State Breakdown |
|
| Portfolio % |
|
| California |
97.19% |
| Puerto Rico |
1.58% |
| Nevada |
1.04% |
| Ohio |
0.19% |
| Total Investments |
100.00% |
| Credit Quality Breakdown |
|
| Portfolio % |
|
| AAA |
19.24% |
| AA |
55.04% |
| A |
16.95% |
| BBB |
3.16% |
| Not Rated |
3.02% |
| Pre-refunded Bonds |
2.59% |
| Total Investments |
100.00% |
| Portfolio Statistics: |
|
| AMT Percentage: |
14.02% |
| Average Coupon: |
5.29% |
| Percentage of Leverage: |
|
| Bank Borrowing: |
0.00% |
| Investment Operations: |
0.74% |
| Preferred Stock: |
36.11% |
| Tender Option Bonds: |
4.21% |
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
| Total Fund Leverage: |
41.06%* |
| Average Effective Maturity: |
6.20 Years |
| Effective Duration: |
5.47 Years |
| Total Net Assets: |
$200.93 Million** |
| Common Stock Net Asset Value: |
$15.02 |
| Number of Holdings: |
76 |
| Portfolio Turnover: |
14% |
* The total percentage of leverage constitutes 4.21% through the use of tender option bonds, 36.11% in issued and outstanding preferred stock and 0.74% 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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