Alliance California Municipal Income Fund Releases Monthly Portfolio Update

NEW YORK, March 26 /PRNewswire-FirstCall/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of February 28, 2010.

    
    
             Alliance California Municipal Income Fund, Inc.
    
          Top 10 Fixed-Income Holdings
                                                            Portfolio%
        1)Los Angeles CA USD GO NPFGC Series 02E                 5.51%
          5.125%, 1/01/27 (Prerefunded/ETM)
        2)Los Angeles CA Dept W&P Pwr NPFGC-RE Series            5.01%
          01A 5.125%, 7/01/41
        3)California GO 5.25%, 4/01/30                           4.83%
          (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                3.55%
          5.375%, 7/01/36 (Prerefunded/ETM)
        6)Puerto Rico Elec Pwr Auth XLCA Series 02-2             3.34%
          5.25%, 7/01/31 (Prerefunded/ETM)
        7)Los Angeles CA Cmnty Redev Agy (Los Angeles            3.31%
          CA CRA Grand Ctrl) AMBAC Series 02 5.375%,
          12/01/26
        8)California Infra & Eco Dev Bk (YMCA of Metro           2.99%
          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%,           2.83%
          8/01/36
    
    
          Sector/Industry Breakdown
                                                           Portfolio%
            Prerefunded/ETM                                    21.42%
            Special Tax                                        13.56%
            Health Care - Not-for-Profit                        7.85%
            Airport/Ports                                       7.60%
            Higher Education                                    6.49%
            Water & Sewer                                       6.16%
            Tax-Supported Local Lease                           5.77%
            Housing - Multi-Family                              5.16%
            Revenue - Miscellaneous                             4.86%
            Assessment District                                 4.84%
            State G.O.                                          4.15%
            Local G.O.                                          3.49%
            Toll Roads/Transit                                  2.13%
            Insured                                             1.61%
            Tax-Supported State Lease                           1.58%
            Electric Utility                                    1.33%
            Primary/Secondary Ed. - Private                     1.07%
            Higher Education - Private                          0.73%
            Money Market                                        0.20%
            Total                                             100.00%
    
    
    
          State Breakdown
                                                           Portfolio%
            California                                         90.08%
            Puerto Rico                                         8.49%
            Nevada                                              1.07%
            Ohio                                                0.22%
            Colorado                                            0.14%
            Total                                             100.00%
    
    
          Credit Quality Breakdown
                                                           Portfolio%
                    AAA                                        39.39%
                    AA                                         23.57%
                    A                                          23.49%
                    BBB                                        11.91%
                    BB                                          1.44%
                    A-1                                         0.20%
                    Total Investments                         100.00%
    
    Portfolio Statistics
    
          AMT Percentage:           16.48% 
          Average Coupon:            5.04% 
          Percentage of Leverage:
           Bank Loans:               0.00%
           Investment Operations:    3.18%
           Preferred Stock:         26.40%
          Total Fund Leverage:      29.58%*
    
          Avg. Maturity:             9.86 Years
          Effective Duration:        6.62 Years
          Total Net Assets:         $193.5 Million
          Net Asset Value:          $14.17
          Number of Holdings:       71
    
    
    * The total percentage of leverage constitutes 26.40% in issued and
      outstanding preferred stock and 3.18% 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.