Alliance New York Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Nov. 23, 2010 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of October 31, 2010.
Alliance New York Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings Portfolio %
1) New York St Mortgage Agy SFMR (New York St 7.41%
Mortgage Agy) Series 01-29 5.45%, 4/01/31
2) Metropolitan Trnsp Auth NY Series 02A 5.07%
5.125%, 11/15/31
3) New York St UDC Series 02A 5.25%, 3/15/32 4.75%
(Prerefunded/ETM)
4) New York St Dormitory Auth (Maimonides Med 4.74%
Ctr) NPFGC Series 04 5.75%, 8/01/29
5) New York NY GO Series 01B 5.50%, 12/01/31 4.70%
(Prerefunded/ETM)
6) New York NY Mun Wtr Fin Auth Series 02A 4.62%
5.125%, 6/15/34
7) New York NY Trst for Cult Res (Museum of 4.56%
Modern Art) AMBAC Series 01D 5.125%, 7/01/31
8) Tobacco Settlement Fin Corp. NY (New York St 3.84%
Lease Tobacco Asset Sec) AMBAC Series 03A-1
5.25%, 6/01/21
9) Puerto Rico Sales Tax Fin Corp. 5.50%, 3.83%
8/01/28
10) Puerto Rico Hwy & Trnsp Auth Series 02D 3.12%
5.375%, 7/01/36 (Prerefunded/ETM)
Sector/Industry Breakdown
Portfolio %
Prerefunded/ETM 24.43%
Special Tax 10.47%
Health Care - Not-for-Profit 10.35%
Water & Sewer 9.52%
Housing - Single Family 8.79%
Toll Roads/Transit 6.77%
Revenue - Miscellaneous 5.53%
Higher Education - Private 3.97%
Tax-Supported State Lease 3.84%
Housing - Multi-Family 2.99%
State G.O. 2.42%
Assessment District 2.31%
Electric Utility 2.01%
Local G.O. 1.82%
Senior Living 1.80%
Insured 1.17%
Industrial Development - Airline 1.04%
Health Care - Municipal 0.28%
Primary/Secondary Ed. - Private 0.25%
Industrial Development - Utility 0.24%
Total 100.00%
State Breakdown
Portfolio %
New York 81.75%
Puerto Rico 12.82%
Florida 2.93%
California 1.33%
Colorado 0.38%
Illinois 0.29%
Pennsylvania 0.26%
Ohio 0.24%
Total Investments 100.00%
Credit Quality Breakdown
Portfolio %
AAA 24.64%
AAA(Pre-refunded Bonds) 24.44%
AA 20.40%
A 22.17%
BBB 4.77%
BB 0.26%
N/R 3.32%
Total Investments 100.00%
Portfolio Statistics:
AMT Percentage: 13.22%
Average Coupon: 5.06%
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 0.03%
Preferred Stock: 36.46%
Tender Option Bonds: 3.75%
Term Asset-Backed Loans Facility (TALF): 0.00%
Total Fund Leverage: 40.24%*
Average Maturity: 4.19 Years
Effective Duration: 2.94 Years
Total Net Assets: $111.9 Million**
Common Stock Net Asset Value: $14.73
Number of Holdings: 67
* The total percentage of leverage constitutes 3.75% through the use of tender option bonds, 36.46% in issued and outstanding preferred stock and 0.03% 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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