Alliance California Municipal Income Fund Releases Monthly Portfolio Update

NEW YORK, Feb. 26 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of January 31, 2010.

    
    
                  Alliance California Municipal Income Fund, Inc.
    
          Top 10 Fixed-Income Holdings
                                                            Portfolio%
        1)Los Angeles CA USD GO NPFGC Series 02E                 5.58%
          5.125%, 1/01/27 (Prerefunded/ETM)
        2)Los Angeles CA Dept W&P Pwr NPFGC-RE Series            5.05%
          01A 5.125%, 7/01/41
        3)California GO 5.25%, 4/01/30                           4.90%
          (Prerefunded/ETM)
        4)Palo Alto CA Univ Ave AD Series 02A 5.875%,            3.73%
          9/02/30
        5)Puerto Rico Hwy & Trnsp Auth Series 02D                3.60%
          5.375%, 7/01/36 (Prerefunded/ETM)
        6)Puerto Rico Elec Pwr Auth XLCA Series 02-2             3.38%
          5.25%, 7/01/31 (Prerefunded/ETM)
        7)Los Angeles CA Cmnty Redev Agy (Los Angeles            3.35%
          CA CRA Grand Ctrl) AMBAC Series 02 5.375%,
          12/01/26
        8)California Infra & Eco Dev Bk (YMCA of Metro           2.97%
          Los Angeles) AMBAC Series 01 5.25%, 2/01/32
        9)Los Angeles CA Harbor Dept 5.00%, 8/01/26              2.94%
       10)Temecula CA Redev Agy NPFGC Series 02 5.25%,           2.79%
          8/01/36
    
    
          Sector/Industry Breakdown
                                                           Portfolio%
            Prerefunded/ETM                                    22.39%
            Special Tax                                        13.49%
            Health Care - Not-for-Profit                        7.90%
            Airport/Ports                                       7.90%
            Higher Education                                    6.46%
            Water & Sewer                                       6.20%
            Tax-Supported Local Lease                           5.78%
            Housing - Multi-Family                              5.21%
            Revenue - Miscellaneous                             4.87%
            Assessment District                                 4.83%
            State G.O.                                          4.16%
            Local G.O.                                          3.51%
            Toll Roads/Transit                                  2.07%
            Insured                                             1.62%
            Tax-Supported State Lease                           1.54%
            Primary/Secondary Ed. - Private                     1.09%
            Higher Education - Private                          0.73%
            Money Market                                        0.25%
            Total                                             100.00%
    
    
          State Breakdown
                                                           Portfolio%
            California                                         89.97%
            Puerto Rico                                         8.58%
            Nevada                                              1.08%
            Ohio                                                0.23%
            Colorado                                            0.14%
            Total                                             100.00%
    
    
          Credit Quality Breakdown
                                                           Portfolio%
                    AAA                                        40.73%
                    AA                                         22.36%
                    A                                          23.35%
                    BBB                                        11.85%
                    BB                                          1.46%
                    A-1+                                        0.15%
                    A-1                                         0.10%
                    Total Investments                         100.00%
    
        Portfolio Statistics
        AMT Percentage:               13.97% 
        Average Coupon:                4.82% 
        Percentage of Leverage:
            Bank Loans:                0.00%
            Investment Operations:     3.14%
            Preferred Stock:          26.57%
        Total Fund Leverage:          29.71%*
    
           Avg. Maturity:              9.81 Years
           Effective Duration:         6.61 Years
           Total Net Assets:         $191.9 Million
           Net Asset Value:          $13.98
           Number of Holdings:            71

* The total percentage of leverage constitutes 26.57% in issued and outstanding preferred stock and 3.14% in investment operations, which may include the use of certain portfolio management techniques such as tender option bonds, credit default swaps, dollar rolls, negative cash, reverse repurchase agreements and when-issued securities.

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.