Alliance New York Municipal Income Fund, Inc. Reports First Quarter Earnings
NEW YORK, March 25, 2011 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN), a registered closedend investment company, today announced earnings for the Fund's first fiscal quarter ended January 31, 2011.
Total net assets of the Fund* on January 31, 2011 were $107,707,828, as compared with $111,905,530 on October 31, 2010 and $110,593,022 on January 31, 2010. On January 31, 2011, the net asset value per share of common stock was $13.86 based on 4,828,621 shares of common stock outstanding.
January 31, 2011 |
October 31, 2010 |
January 31, 2010 |
||
Total Net Assets |
$107,707,828 |
$111,905,530 |
$110,593,022 |
|
NAV Per Share |
$13.86 |
$14.73 |
$14.46 |
|
Shares Outstanding |
4,828,621 |
4,827,532 |
4,826,667 |
|
For the period November 1, 2010 through January 31, 2011 total net investment income was $1,173,286 or $0.24 per share of common stock. The total net realized and unrealized loss was $4,317,980 or $0.89 per share of common stock for the same period.
First Quarter Ended January 31, 2011 |
Fourth Quarter Ended October 31, 2010 |
First Quarter Ended January 31, 2010 |
||
Total Net Investment Income |
$1,173,286 |
$1,209,153 |
$1,238,913 |
|
Per Share |
$0.24 |
$0.25 |
$0.26 |
|
Total Net Realized/ Unrealized Gain/(Loss) |
($4,317,980) |
$131,788 |
($19,496) |
|
Per Share |
($0.89) |
$0.03 |
($0.00) |
|
* Total net assets include assets attributable to both common and preferred shares.
Alliance New York Municipal Income Fund, Inc. is managed by AllianceBernstein L.P.
SOURCE Alliance New York Municipal Income Fund, Inc.
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