Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, April 27 /PRNewswire-FirstCall/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of March 31, 2010.
Alliance California Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings
Portfolio%
1) Los Angeles CA USD GO NPFGC Series 02E 5.49%
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 4.82%
(Prerefunded/ETM)
4) Palo Alto CA Univ Ave AD Series 02A 5.875%, 3.74%
9/02/30
5) Puerto Rico Hwy & Trnsp Auth Series 02D 3.54%
5.375%, 7/01/36 (Prerefunded/ETM)
6) Los Angeles CA Cmnty Redev Agy (Los Angeles 3.33%
CA CRA Grand Ctrl) AMBAC Series 02 5.375%,
12/01/26
7) Puerto Rico Elec Pwr Auth XLCA Series 02-2 3.33%
5.25%, 7/01/31 (Prerefunded/ETM)
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 2.95%
10) Temecula CA Redev Agy NPFGC Series 02 5.25%, 2.83%
8/01/36
Sector/Industry Breakdown
Portfolio%
Prerefunded/ETM 21.34%
Special Tax 13.62%
Health Care - Not-for-Profit 7.87%
Airport/Ports 7.73%
Higher Education 6.44%
Water & Sewer 6.20%
Tax-Supported Local Lease 5.78%
Housing - Multi-Family 5.18%
Revenue - Miscellaneous 4.88%
Assessment District 4.84%
State G.O. 4.16%
Local G.O. 3.49%
Toll Roads/Transit 2.15%
Insured 1.59%
Tax-Supported State Lease 1.58%
Electric Utility 1.32%
Primary/Secondary Ed. - Private 1.08%
Higher Education - Private 0.75%
Total 100.00%
State Breakdown
Portfolio%
California 90.10%
Puerto Rico 8.47%
Nevada 1.06%
Ohio 0.23%
Colorado 0.14%
Total 100.00%
Credit Quality Breakdown
Portfolio%
AAA 39.30%
AA 23.63%
A 23.62%
BBB 12.00%
BB 1.45%
Total Investments 100.00%
Portfolio Statistics
AMT Percentage: 16.79%
Average Coupon: 4.99%
Percentage of Leverage:
Bank Loans: 0.00%
Investment Operations: 4.61%
Preferred Stock: 37.61%
Total Fund Leverage: 42.22%*
Avg. Maturity: 9.80 Years
Effective Duration: 6.60 Years
Total Net Assets: $192.9 Million**
Common Stock Net Asset Value: $14.10
Number of Holdings: 69
* The total percentage of leverage constitutes 37.61% in issued and outstanding preferred stock and 4.61% 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.
** 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.
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