Alliance California Municipal Income Fund Releases Monthly Portfolio Update

News provided by

Alliance California Municipal Income Fund, Inc.

Apr 23, 2013, 04:06 ET

NEW YORK, April 23, 2013 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. [NYSE: AKP] (the "Fund") today released its monthly portfolio update as of March 31, 2013.

Alliance California Municipal Income Fund, Inc.


Top 10 Fixed-Income Holdings

Portfolio %

1) Los Angeles CA Wstwtr Sys     5.00%,  6/01/26

4.51%

2) San Francisco City/Cnty CA Pub Util Wtr

4.38%

Series 2012C  5.00%,  11/01/26

3) Los Angeles Cnty CA Met Trnsp Auth (Los

3.82%

Angeles Cnty Ca Mta Sales Tax)    5.00%,

7/01/25

4) California Pub Wks Brd (Univ Of California

3.54%

Lease)  Series 2011A  5.25%,  12/01/26

5) Los Angeles CA Cmnty Redev Agy (Los Angeles Ca

3.19%

Cra Grand Ctrl) AMBAC Series 02  5.375%,

12/01/26

6) Los Angeles CA Harbor Dept     5.00%,  8/01/26

3.13%

7) Port of Oakland CA   Series 2012P  5.00%,

2.86%

5/01/29

8) Puerto Rico Sales Tax Fin Corp.   Series 2011A

2.85%

5.00%,  8/01/43

9) Clovis CA USD GO   Series 2012A  5.00%,

2.44%

8/01/28

10) San Diego Cnty CA Regl Trnsp Commn   Series

2.42%

2012A  5.00%,  4/01/28


Sector/Industry Breakdown

Portfolio %

Revenue

Water & Sewer

15.17%

Electric Utility

8.01%

Port

5.99%

Revenue - Miscellaneous

5.77%

Higher Education - Public

3.54%

Airport

2.59%

Higher Education - Private

2.39%

Primary/Secondary Ed. - Private

1.62%

Health Care - Not-for-Profit

1.35%

Industrial Development - Utility

0.19%

SUBTOTAL

46.62%

Tax Supported

Special Tax

21.96%

Local G.O.

10.02%

Tax-Supported Local Lease

3.45%

State G.O.

2.98%

Assessment District

2.01%

Tax-Supported State Lease

1.78%

SUBTOTAL

42.20%

Insured/Guaranteed

Insured

6.60%

SUBTOTAL

6.60%

Asset-Backed

Housing - Multi-Family

2.76%

SUBTOTAL

2.76%

Prerefunded/ETM

1.82%

Total

100.00%


State Breakdown

Portfolio %

California

93.34%

Puerto Rico

4.40%

Guam

1.04%

Nevada

1.03%

Ohio

0.19%

Total Investments

100.00%


Credit Quality Breakdown

Portfolio %

AAA

15.05%

AA

51.61%

A

20.98%

BBB

5.93%

BB

1.45%

Not Rated

3.16%

Pre-refunded Bonds

1.82%

Total Investments

100.00%


Bonds By Maturity

Portfolio %

Less than 1 year

1.31%

1 to 5 years

1.79%

5 to 10 years

7.11%

10 to 20 years

77.90%

20 to 30 years

8.86%

More than 30 years

3.03%

Other

0.00%

Total Investments

100.00%


Portfolio Statistics:

AMT Percentage:

13.54%

Average Coupon:

5.46%

Percentage of Leverage:

Bank Borrowing:

0.00%

Investment Operations:

1.23%

Preferred Stock:

36.25%

Tender Option Bonds:

4.22%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

41.70%*

Average Effective Maturity:

6.76 Years

Effective Duration:

5.60 Years

Total Net Assets:

$200.16 Million**

Common Stock Net Asset Value:

$14.92

Number of Holdings:

78

Portfolio Turnover:

46%

* The total percentage of leverage constitutes 4.22% through the use of tender option bonds, 36.25% in issued and outstanding preferred stock and 1.23% 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.