Alliance California Municipal Income Fund Releases Monthly Portfolio Update

Alliance California Municipal Income Fund, Inc.

Top 10 Fixed-Income Holdings

Portfolio %

1) University of California Series 2012G 5.00%, 5/15/31

4.39%

2) Los Angeles County Metropolitan Transportation Authority Series 2009 5.00%, 7/01/25

3.73%

3) California State Public Works Board Series 2011G 5.25%, 12/01/21 (Prerefunded/ETM)

3.57%

4) Los Angeles Department of Water & Power WTR Series 2013B 5.00%, 7/01/32

3.45%

5) Los Angeles Community Redevelopment Agency AMBAC Series 2002A 5.375%, 12/01/26

3.20%

6) Port of Los Angeles Series 2009C 5.00%, 8/01/26

3.12%

7) San Diego Unified School District/CA Series 2013C 5.00%, 7/01/32

2.85%

8) Bay Area Toll Authority Series 2013S 5.00%, 4/01/33

2.74%

9) City of San Francisco CA Public Utilities Commission Wastewater Revenue Series 2013B 5.00%, 10/01/32

2.62%

10) Metropolitan Transportation Authority Series 2014C 5.00%, 11/15/32

2.61%

Sector/Industry Breakdown

Portfolio %

Revenue

Water & Sewer

11.06%

Revenue - Miscellaneous

9.10%

Toll Roads/Transit

7.76%

Electric Utility

5.09%

Higher Education - Public

4.39%

Health Care - Not-for-Profit

3.30%

Port

3.12%

Airport

1.76%

Higher Education - Private

1.74%

Primary/Secondary Ed. - Private

1.40%

Industrial Development - Utility

0.20%

SUBTOTAL

48.92%

Tax Supported

Special Tax

16.02%

Local G.O.

15.23%

Tax-Supported Local Lease

4.52%

Assessment District

2.36%

Tax-Supported State Lease

1.75%

State G.O.

1.11%

SUBTOTAL

40.99%

Prerefunded/ETM

4.11%

Insured/Guaranteed

Insured

3.29%

SUBTOTAL

3.29%

Asset-Backed

Housing - Multi-Family

2.69%

SUBTOTAL

2.69%

Total

100.00%

State Breakdown

Portfolio %

California

92.26%

New York

2.61%

New Jersey

1.43%

Florida

1.43%

Guam

1.05%

Nevada

1.02%

Ohio

0.20%

Total Investments

100.00%

Credit Quality Breakdown

Portfolio %

AAA

10.40%

AA

57.79%

A

16.23%

BBB

8.12%

B

1.37%

Not Rated

1.98%

Pre-refunded Bonds

4.11%

Total Investments

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

0.00%

1 to 5 years

1.55%

5 to 10 years

10.38%

10 to 20 years

74.04%

20 to 30 years

14.03%

More than 30 years

0.00%

Other

0.00%

Total Investments

100.00%

Portfolio Statistics:

AMT Percentage:

9.16%

Average Coupon:

5.42%

Percentage of Leverage:

Bank Borrowing:

0.00%

Investment Operations:

0.55%

Preferred Stock:

36.53%

Tender Option Bonds:

3.87%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

40.95%*

Average Effective Maturity:

6.58 Years

Effective Duration:

5.80 Years

Total Net Assets:

$200.45 Million**

Common Stock Net Asset Value:

$14.95

Number of Holdings:

70

Portfolio Turnover:

25%

* The total percentage of leverage constitutes 3.87% through the use

of tender option bonds, 36.53% in issued and outstanding preferred

stock and 0.55% 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.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/alliance-california-municipal-income-fund-releases-monthly-portfolio-update-300014055.html