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.
Share this article