Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Oct. 31, 2012 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of September 30, 2012.
| Alliance California Municipal Income Fund, Inc.
|
|
| Top 10 Fixed-Income Holdings |
|
| Portfolio % |
|
| 1) Los Angeles CA Wstwtr Sys 5.00%, 6/01/26 |
4.37% |
| 2) San Francisco City/Cnty CA Pub Util Wtr Series 2012C 5.00%, 11/01/26 |
4.32% |
| 3) Los Angeles Cnty CA Met Trnsp Auth (Los Angeles |
3.71% |
| 4) Los Angeles CA GO Series 2012A 5.00%, 9/01/23 |
3.44% |
| 5) California Pub Wks Brd (Univ Of California Lease) Series 2011A 5.25%, 12/01/26 |
3.41% |
| 6) Los Angeles CA Cmnty Redev Agy (Los Angeles Ca Cra Grand Ctrl) AMBAC Series 02 5.375%, 12/01/26 |
3.08% |
| 7) Los Angeles CA Harbor Dept 5.00%, 8/01/26 |
3.02% |
| 8) CLOVIS CA USD GO Series 2012A 5.00%, 8/01/28 |
2.44% |
| 9) San Diego Cnty CA Regl Trnsp Commn Series 2012A 5.00%, 4/01/28 |
2.42% |
| 10) San Diego CA CCD GO 5.00%, 8/01/27 |
2.29% |
| Sector/Industry Breakdown |
|
| Portfolio % |
|
| Tax Supported |
|
| Special Tax |
18.74% |
| Local G.O. |
15.44% |
| Tax-Supported Local Lease |
3.36% |
| State G.O. |
2.09% |
| Assessment District |
1.98% |
| Tax-Supported State Lease |
1.70% |
| SUBTOTAL |
43.31% |
| Revenue |
|
| Water & Sewer |
13.18% |
| Electric Utility |
5.60% |
| Port |
5.09% |
| Higher Education - Public |
4.53% |
| Revenue - Miscellaneous |
3.96% |
| Health Care - Not-for-Profit |
3.16% |
| Airport |
2.55% |
| Higher Education - Private |
2.32% |
| Primary/Secondary Ed. - Private |
1.48% |
| Industrial Development - Utility |
0.19% |
| SUBTOTAL |
42.06% |
| Insured/Guaranteed |
|
| Insured |
6.40% |
| SUBTOTAL |
6.40% |
| Cash Equivalents |
|
| Investment Companies |
3.01% |
| SUBTOTAL |
3.01% |
| Asset-Backed |
|
| Housing - Multi-Family |
2.69% |
| SUBTOTAL |
2.69% |
| Prerefunded/ETM |
2.53% |
| Total |
100.00% |
| State Breakdown |
|
| Portfolio % |
|
| California |
94.23% |
| Puerto Rico |
1.54% |
| Nevada |
1.03% |
| Ohio |
0.19% |
| Other |
3.01% |
| Total Investments |
100.00% |
| Credit Quality Breakdown |
|
| Portfolio % |
|
| AAA |
14.73% |
| AA |
56.98% |
| A |
16.68% |
| BBB |
3.10% |
| Not Rated |
2.97% |
| Pre-refunded Bonds |
2.53% |
| Short Term Investments |
3.01% |
| Total Investments |
100.00% |
| Portfolio Statistics: |
|
| AMT Percentage: |
14.05% |
| Average Coupon: |
5.76% |
| Percentage of Leverage: |
|
| Bank Borrowing: |
0.00% |
| Investment Operations: |
0.83% |
| Preferred Stock: |
36.00% |
| Tender Option Bonds: |
4.19% |
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
| Total Fund Leverage: |
41.02%* |
| Average Effective Maturity: |
6.64 Years |
| Effective Duration: |
5.87 Years |
| Total Net Assets: |
$201.57 Million** |
| Common Stock Net Asset Value: |
$15.09 |
| Number of Holdings: |
76 |
| Portfolio Turnover: |
14% |
* The total percentage of leverage constitutes 4.19% through the use of tender option bonds, 36.00% in issued and outstanding preferred stock and 0.83% 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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