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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