Alliance New York Municipal Income Fund, Inc. Reports Second Quarter Earnings

Jun 25, 2010, 16:06 ET from Alliance New York Municipal Income Fund, Inc.

NEW YORK, June 25 /PRNewswire-FirstCall/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN), a registered closed-end investment company, today announced earnings for the Fund's second fiscal quarter ended April 30, 2010.

Total net assets of the Fund* on April 30, 2010 were $111,453,392, as compared with $110,593,022 on January 31, 2010 and $107,179,743 on April 30, 2009.  On April 30, 2010, the net asset value per share of common stock was $14.64 based on 4,826,667 shares of common stock outstanding.

April 30, 2010

January 31, 2010

April 30, 2009

Total Net Assets

$111,453,392

$110,593,022

$107,179,743

NAV Per Share

$14.64

$14.46

$13.75

Shares Outstanding

4,826,667

4,826,667

4,826,667

For the period February 1, 2010 through April 30, 2010, total net investment income was $1,224,399 or $0.25 per share of common stock.  The total net realized and unrealized gain was $702,535 or $0.15 per share of common stock for the same period.

Second Quarter

Ended

April 30, 2010

First Quarter

Ended

January 31, 2010

Second Quarter

Ended

April 30, 2009

Total Net Investment Income

$1,224,399

$1,238,913

$1,148,986

Per Share

$0.25

$0.26

$0.24

Total Net Realized/

 Unrealized Gain/(Loss)

$702,535

($19,496)

$1,968,094

Per Share

$0.15

($0.00)

$0.41

* 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.