Alliance New York Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, June 26, 2012 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of May 31, 2012.
Alliance New York Municipal Income Fund, Inc.
| Top 10 Fixed-Income Holdings |
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| Portfolio % |
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| 1) Port Authority of NY & NJ 5.00%, 10/01/27 |
4.46% |
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| 2) Metropolitan Trnsp Auth NY Series 02A |
4.37% |
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| 5.125%, 11/15/31 |
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| 3) New York St Dormitory Auth (Maimonides Med |
4.17% |
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| Ctr) NPFGC Series 04 5.75%, 8/01/29 |
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| 4) Erie Cnty NY Fiscal Stability Auth (Erie Cnty |
3.75% |
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| NY Sales Tax) Series 2011C 5.00%, 12/01/25 |
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| 5) New York St Thruway Auth (New York St Thruway |
3.72% |
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| Auth Ded Tax) Series 2011A 5.00%, 4/01/25 |
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| 6) Puerto Rico Sales Tax Fin Corp. Series 2009A |
3.50% |
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| 5.50%, 8/01/28 |
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| 7) Tobacco Settlement Fin Corp. NY (New York St |
3.26% |
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| Lease Tobacco Asset Sec) AMBAC Series 03A-1 |
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| 5.25%, 6/01/21 |
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| 8) New York NY Mun Wtr Fin Auth Series 2002A |
2.97% |
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| 5.125%, 6/15/34 (Prerefunded/ETM) |
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| 9) New York St Envrn Fac Corp. 5.00%, |
2.90% |
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| 8/15/24 |
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| 10) New York St Thruway Auth (New York St Pers |
2.78% |
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| Income Tax) Series 2011A 5.00%, 3/15/26 |
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| Sector/Industry Breakdown |
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| Portfolio % |
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| Tax Supported |
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| Special Tax |
28.77% |
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| Local G.O. |
11.27% |
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| Tax-Supported State Lease |
6.66% |
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| State G.O. |
2.16% |
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| Assessment District |
0.38% |
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| SUBTOTAL |
49.24% |
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| Revenue |
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| Water & Sewer |
9.98% |
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| Toll Roads/Transit |
8.30% |
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| Health Care - Not-for-Profit |
7.71% |
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| Airport |
4.46% |
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| Higher Education - Private |
3.27% |
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| Electric Utility |
1.79% |
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| Senior Living |
1.54% |
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| Industrial Development - Airline |
0.92% |
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| Industrial Development - Utility |
0.20% |
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| SUBTOTAL |
38.17% |
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| Prerefunded/ETM |
9.83% |
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| Asset-Backed |
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| Housing - Multi-Family |
1.64% |
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| Housing - Single Family |
1.12% |
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| SUBTOTAL |
2.76% |
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| Total |
100.00% |
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| State Breakdown |
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| Portfolio % |
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| New York |
87.40% |
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| Puerto Rico |
10.97% |
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| California |
0.81% |
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| Colorado |
0.38% |
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| Illinois |
0.24% |
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| Ohio |
0.20% |
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| Total Investments |
100.00% |
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| Credit Quality Breakdown |
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| Portfolio % |
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| AAA |
26.30% |
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| AA |
41.54% |
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| A |
12.12% |
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| BBB |
8.47% |
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| BB |
0.75% |
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| Not Rated |
0.99% |
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| Pre-refunded Bonds |
9.83% |
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| Total Investments |
100.00% |
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| Portfolio Statistics: |
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| AMT Percentage: |
12.51% |
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| Average Coupon: |
5.95 |
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| Percentage of Leverage: |
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| Bank Borrowing: |
0.00% |
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| Investment Operations: |
11.89% |
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| Preferred Stock: |
36.21% |
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| Tender Option Bonds: |
3.73% |
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| Term Asset-Backed Loans Facility (TALF): |
0.00% |
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| Total Fund Leverage: |
51.83%* |
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| Average Effective Maturity: |
6.09 Years |
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| Effective Duration: |
5.05 Years |
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| Total Net Assets: |
$112.66 Million** |
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| Common Stock Net Asset Value: |
$14.87 |
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| Number of Holdings: |
70 |
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| Portfolio Turnover: |
15 |
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* The total percentage of leverage constitutes 3.73% through the use of tender option bonds, 36.21% in issued and outstanding preferred stock and 11.89% 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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