Alliance California Municipal Income Fund Releases Monthly Portfolio Update

News provided by

Alliance California Municipal Income Fund, Inc.

Oct 24, 2016, 04:06 ET

NEW YORK, Oct. 24, 2016 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of September 30, 2016.

Alliance California Municipal Income Fund, Inc.


Top 10 Fixed-Income Holdings	Portfolio %
1) University of California Series 2012G 5.00%, 5/15/31	4.46%
2) Los Angeles Department of Water & Power WTR Series 2013B 5.00%, 7/01/32	3.52%
3) Los Angeles County Metropolitan Transportation Authority (Los Angeles County Metropolitan Transportation Authority Sales Tax) Series 2009 5.00%, 7/01/25	3.45%
4) Los Angeles Community Redevelopment Agency (Los Angeles Community Redevelopment Agency Sales Tax) AMBAC Series 2002A 5.375%, 12/01/26	3.09%
5) San Diego Unified School District/CA Series 2013C 5.00%, 7/01/32	2.89%
6) San Diego Public Facilities Financing Authority 5.00%, 5/15/36	2.87%
7) Port of Los Angeles Series 2009C 5.00%, 8/01/26	2.86%
8) Bay Area Toll Authority Series 2013S 5.00%, 4/01/33	2.80%
9) Metropolitan Transportation Authority Series 2014C 5.00%, 11/15/32	2.69%
10) City of San Francisco CA Public Utilities Commission Wastewater Revenue Series 2013B 5.00%, 10/01/32	2.62%



Sector/Industry Breakdown	Portfolio %
Revenue
Revenue - Miscellaneous	9.69%
Water & Sewer	9.35%
Toll Roads/Transit	7.58%
Electric Utility	4.93%
Higher Education - Public	4.46%
Health Care - Not-for-Profit	3.13%
Port	2.86%
Primary/Secondary Ed. - Public	2.59%
Higher Education - Private	1.65%
Senior Living	1.65%
Airport	1.64%
Primary/Secondary Ed. - Private	1.43%
SUBTOTAL	50.96%
Tax Supported
Special Tax	14.42%
Local G.O.	13.60%
Tax-Supported Local Lease	8.11%
Assessment District	3.11%
State G.O.	1.14%
SUBTOTAL	40.38%
Prerefunded/ETM	5.42%
Asset-Backed
Housing - Multi-Family	2.54%
SUBTOTAL	2.54%
Cash Equivalents
Investment Companies	0.70%
SUBTOTAL	0.70%
Total	100.00%

State Breakdown	Portfolio %
California	91.02%
New York	2.69%
Florida	2.01%
Guam	1.04%
Nevada	0.85%
Minnesota	0.61%
Pennsylvania	0.54%
Missouri	0.53%
Ohio	0.01%
Other	0.70%
Total Investments	100.00%

Credit Quality Breakdown	Portfolio %
AAA	12.24%
AA	57.61%
A	10.51%
BBB	10.45%
B	1.27%
Not Rated	1.80%
Pre-refunded Bonds	5.42%
Short Term Investments	0.70%
Total Investments	100.00%

Bonds By Maturity	Portfolio %
Less than 1 year	0.70%
1 to 5 years	2.10%
5 to 10 years	6.96%
10 to 20 years	72.29%
20 to 30 years	17.95%
More than 30 years	0.00%
Other	0.00%
Total Investments	100.00%

Portfolio Statistics:
AMT Percentage:	8.57%
Average Coupon:	5.24%
Percentage of Leverage:
Bank Borrowing:	0.00%
Investment Operations:	1.21%
Auction Preferred Shares (APS):	14.56%
Tender Option Bonds:	3.90%
Variable Rate MuniFund Term Preferred Shares (VMTPs):	19.56%
Total Fund Leverage:	39.23%*
Average Effective Maturity:	6.53 Years
Effective Duration:	5.13 Years
Total Net Assets:	$167.69 Million**
Common Stock Net Asset Value:	$16.11
Number of Holdings:	75
Portfolio Turnover:	18%

* The total percentage of leverage constitutes 3.90% through the use of tender option bonds, 14.56% in issued and outstanding APS, 19.56% in issued and outstanding VMTPs and 1.21% 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 $29,875,000 of APS at liquidation value.
The Fund also had outstanding $40,125,000 of VMTPs at liquidation value, which is not included in Total Net Assets because it is treated as a liability for financial reporting purposes.

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.