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 |
* 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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