Alliance New York Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Oct. 26 /PRNewswire-FirstCall/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of September 30, 2010.
Alliance New York Municipal Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio % 1) New York St Mortgage Agy SFMR (New York St 9.10% Mortgage Agy) Series 01-29 5.45%, 4/01/31 2) Metropolitan Trnsp Auth NY Series 02A 4.97% 5.125%, 11/15/31 3) New York St Dormitory Auth (Maimonides Med 4.67% Ctr) NPFGC Series 04 5.75%, 8/01/29 4) New York St UDC Series 02A 5.25%, 3/15/32 4.65% (Prerefunded/ETM) 5) New York NY GO Series 01B 5.50%, 12/01/31 4.60% (Prerefunded/ETM) 6) New York NY Mun Wtr Fin Auth Series 02A 4.52% 5.125%, 6/15/34 7) New York NY Trst for Cult Res (Museum of 4.47% Modern Art) AMBAC Series 01D 5.125%, 7/01/31 8) Puerto Rico Sales Tax Fin Corp. 5.50%, 3.77% 8/01/28 9) Tobacco Settlement Fin Corp. NY (New York St 3.74% Lease Tobacco Asset Sec) AMBAC Series 03A-1 5.25%, 6/01/21 10) Puerto Rico Hwy & Trnsp Auth Series 02D 3.06% 5.375%, 7/01/36 (Prerefunded/ETM) Sector/Industry Breakdown Portfolio % Prerefunded/ETM 23.94% Housing - Single Family 10.51% Special Tax 10.36% Health Care - Not-for-Profit 10.15% Water & Sewer 9.58% Toll Roads/Transit 6.65% Revenue - Miscellaneous 5.43% Higher Education - Private 3.89% Tax-Supported State Lease 3.74% Housing - Multi-Family 2.92% State G.O. 2.37% Assessment District 2.25% Electric Utility 1.98% Local G.O. 1.79% Senior Living 1.76% Insured 1.15% Industrial Development - Airline 1.02% Health Care - Municipal 0.27% Primary/Secondary Ed. - Private 0.24% Total 100.00% State Breakdown Portfolio % New York 82.06% Puerto Rico 12.63% Florida 2.87% California 1.31% Colorado 0.37% Illinois 0.28% Pennsylvania 0.25% Ohio 0.23% Total Investments 100.00% Credit Quality Breakdown Portfolio % AAA 27.30% AAA(Pre-refunded Bonds) 23.94% AA 18.85% A 21.77% BBB 4.65% BB 0.25% N/R 3.24% Total Investments 100.00% Portfolio Statistics: AMT Percentage: 15.35% Average Coupon: 5.09% Percentage of Leverage: Bank Borrowing: 0.00% Investment Operations: 0.52% Preferred Stock: 36.34% Tender Option Bonds: 3.74% Term Asset-Backed Loans Facility (TALF): 0.00% Total Fund Leverage: 40.6%* Average Maturity: 4.49 Years Effective Duration: 3.22 Years Total Net Assets: $112.3 Million** Common Stock Net Asset Value: $14.80 Number of Holdings: 67
*The total percentage of leverage constitutes 3.74% through the use of tender option bonds, 36.34% in issued and outstanding preferred stock and 0.52% in investment operations, which may include the use of certain portfolio management techniques such as credit default swaps, dollar rolls, negative cash, reverse repurchase agreements and when-issued securities.
** Includes 40,800,000 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 New York Municipal Income Fund, Inc.
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