Alliance New York Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Sept. 27, 2011 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc.(NYSE: AYN) (the "Fund") today released its monthly portfolio update as of August 31, 2011.
Alliance New York Municipal Income Fund, Inc. |
||
Top 10 Fixed-Income Holdings |
||
Portfolio % |
||
1) New York St Mortgage Agy SFMR (New York St |
7.25% |
|
Mortgage Agy) Series 01-29 5.45%, 4/01/31 |
||
2) Metropolitan Trnsp Auth NY Series 02A |
4.83% |
|
5.125%, 11/15/31 |
||
3) New York St Dormitory Auth (Maimonides Med |
4.58% |
|
Ctr) NPFGC Series 04 5.75%, 8/01/29 |
||
4) New York St UDC Series 02A 5.25%, 3/15/32 |
4.47% |
|
(Prerefunded/ETM) |
||
5) New York NY Mun Wtr Fin Auth Series 02A |
4.46% |
|
5.125%, 6/15/34 |
||
6) New York NY Trst for Cult Res (Museum of |
4.40% |
|
Modern Art) AMBAC Series 01D 5.125%, 7/01/31 |
||
7) Erie Cnty NY Fiscal Stability Auth (Erie Cnty |
3.99% |
|
NY Sales Tax) Series 2011C 5.00%, 12/01/25 |
||
8) New York St Thruway Auth (New York St Thruway |
3.95% |
|
Auth Ded Tax) Series 2011A 5.00%, 4/01/25 |
||
9) Puerto Rico Sales Tax Fin Corp. 5.50%, 8/01/28 |
3.75% |
|
10) Tobacco Settlement Fin Corp. NY (New York St |
3.71% |
|
Lease Tobacco Asset Sec) AMBAC Series 03A-1 |
||
5.25%, 6/01/21 |
||
Sector/Industry Breakdown |
||
Portfolio % |
||
Tax Supported |
||
Special Tax |
22.12% |
|
Tax-Supported State Lease |
5.45% |
|
Local G.O. |
4.68% |
|
State G.O. |
2.34% |
|
Assessment District |
2.22% |
|
SUBTOTAL |
36.81% |
|
Revenue |
||
Water & Sewer |
9.22% |
|
Health Care - Not-for-Profit |
8.21% |
|
Toll Roads/Transit |
6.47% |
|
Revenue - Miscellaneous |
5.32% |
|
Higher Education - Private |
2.67% |
|
Electric Utility |
1.97% |
|
Senior Living |
1.72% |
|
Industrial Development - Airline |
0.90% |
|
Industrial Development - Utility |
0.22% |
|
SUBTOTAL |
36.70% |
|
Prerefunded/ETM |
13.50% |
|
Asset-Backed |
||
Housing - Single Family |
8.56% |
|
Housing - Multi-Family |
2.91% |
|
SUBTOTAL |
11.47% |
|
Note/VRDBs |
||
Money Market |
1.31% |
|
SUBTOTAL |
1.31% |
|
Cash Equivalents |
||
Investment Companies |
0.21% |
|
SUBTOTAL |
0.21% |
|
Total |
100.00% |
|
State Breakdown |
||
Portfolio % |
||
New York |
83.49% |
|
Puerto Rico |
9.48% |
|
Ohio |
3.02% |
|
Florida |
1.85% |
|
California |
1.31% |
|
Colorado |
0.37% |
|
Illinois |
0.27% |
|
Other |
0.21% |
|
Total Investments |
100.00% |
|
Credit Quality Breakdown |
||
Portfolio % |
||
AAA |
24.98% |
|
AAA(Pre-refunded Bonds) |
13.50% |
|
AA |
32.84% |
|
A |
12.69% |
|
BBB |
10.83% |
|
BB |
0.72% |
|
Short Term Investments |
1.52% |
|
Not Rated |
2.92% |
|
Total Investments |
100.00% |
|
Portfolio Statistics: |
||
AMT Percentage: |
13.27% |
|
Average Coupon: |
5.37 |
|
Percentage of Leverage: |
||
Bank Borrowing: |
0.00% |
|
Investment Operations: |
0.00% |
|
Preferred Stock: |
36.89% |
|
Tender Option Bonds: |
3.80% |
|
Term Asset-Backed Loans Facility (TALF): |
0.00% |
|
Total Fund Leverage: |
40.69%* |
|
Average Maturity: |
3.56 Years |
|
Effective Duration: |
3.92 Years |
|
Total Net Assets: |
$110.60 Million** |
|
Common Stock Net Asset Value: |
$14.46 |
|
Number of Holdings: |
65 |
|
* The total percentage of leverage constitutes 3.80% through the use of tender option bonds, 36.89% in issued and outstanding preferred stock and 0.00% 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.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article