Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Jan. 29, 2013 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of December 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 |
4.52% |
| 2) San Francisco City/Cnty CA Pub Util Wtr |
4.46% |
| Series 2012C 5.00%, 11/01/26 |
|
| 3) Los Angeles Cnty CA Met Trnsp Auth (Los |
3.80% |
| Angeles Cnty Ca Mta Sales Tax) 5.00%, |
|
| 7/01/25 |
|
| 4) California Pub Wks Brd (Univ Of California |
3.52% |
| Lease) Series 2011A 5.25%, 12/01/26 |
|
| 5) Los Angeles CA Cmnty Redev Agy (Los Angeles Ca |
3.18% |
| Cra Grand Ctrl) AMBAC Series 02 5.375%, |
|
| 12/01/26 |
|
| 6) Los Angeles CA Harbor Dept 5.00%, 8/01/26 |
3.16% |
| 7) Port of Oakland CA Series 2012P 5.00%, |
2.89% |
| 5/01/29 |
|
| 8) Puerto Rico Sales Tax Fin Corp. Series 2011A |
2.87% |
| 5.00%, 8/01/43 |
|
| 9) Clovis CA USD GO Series 2012A 5.00%, |
2.51% |
| 8/01/28 |
|
| 10) San Diego Cnty CA Regl Trnsp Commn Series |
2.48% |
| 2012A 5.00%, 4/01/28 |
|
| Sector/Industry Breakdown |
|
| Portfolio % |
|
| Revenue |
|
| Water & Sewer |
15.30% |
| Electric Utility |
8.00% |
| Port |
6.05% |
| Revenue - Miscellaneous |
5.77% |
| Higher Education - Public |
3.52% |
| Airport |
2.59% |
| Higher Education - Private |
2.39% |
| Primary/Secondary Ed. - Private |
1.54% |
| Health Care - Not-for-Profit |
1.34% |
| Industrial Development - Utility |
0.19% |
| SUBTOTAL |
46.69% |
| Tax Supported |
|
| Special Tax |
22.13% |
| Local G.O. |
10.14% |
| Tax-Supported Local Lease |
3.45% |
| State G.O. |
2.09% |
| Assessment District |
2.02% |
| Tax-Supported State Lease |
1.77% |
| SUBTOTAL |
41.60% |
| Insured/Guaranteed |
|
| Insured |
6.63% |
| SUBTOTAL |
6.63% |
| Asset-Backed |
|
| Housing - Multi-Family |
2.76% |
| SUBTOTAL |
2.76% |
| Prerefunded/ETM |
2.32% |
| Total |
100.00% |
| State Breakdown |
|
| Portfolio % |
|
| California |
93.33% |
| Puerto Rico |
4.40% |
| Nevada |
1.05% |
| Guam |
1.03% |
| Ohio |
0.19% |
| Total Investments |
100.00% |
| Credit Quality Breakdown |
|
| Portfolio % |
|
| AAA |
15.17% |
| AA |
51.98% |
| A |
20.14% |
| BBB |
5.87% |
| BB |
1.45% |
| Not Rated |
3.07% |
| Pre-refunded Bonds |
2.32% |
| Total Investments |
100.00% |
| Bonds By Maturity |
|
| Portfolio % |
|
| Less than 1 year |
1.81% |
| 1 to 5 years |
0.76% |
| 5 to 10 years |
8.15% |
| 10 to 20 years |
77.49% |
| 20 to 30 years |
8.75% |
| More than 30 years |
3.04% |
| Other |
0.00% |
| Total Investments |
100.00% |
| Portfolio Statistics: |
|
| AMT Percentage: |
13.58% |
| Average Coupon: |
5.39% |
| Percentage of Leverage: |
|
| Bank Borrowing: |
0.00% |
| Investment Operations: |
1.01% |
| Preferred Stock: |
36.01% |
| Tender Option Bonds: |
4.19% |
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
| Total Fund Leverage: |
41.21%* |
| Average Effective Maturity: |
6.28 Years |
| Effective Duration: |
5.71 Years |
| Total Net Assets: |
$201.48 Million** |
| Common Stock Net Asset Value: |
$15.07 |
| Number of Holdings: |
78 |
| Portfolio Turnover: |
46% |
* The total percentage of leverage constitutes 4.19% through the use of tender option bonds, 36.01% in issued and outstanding preferred stock and 1.01% 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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