Alliance New York Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Oct. 31, 2012 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of September 30, 2012.
| Alliance New York Municipal Income Fund, Inc.
|
|
| Top 10 Fixed-Income Holdings |
|
| Portfolio % |
|
| 1) Port Authority of NY & NJ 5.00%, 10/01/27 |
4.97% |
| 2) Metropolitan Trnsp Auth NY Series 02A 5.125%, 11/15/31 |
4.75% |
| 3) New York St Dormitory Auth (Maimonides Med Ctr) |
4.57% |
| 4) Erie Cnty NY Fiscal Stability Auth (Erie Cnty Ny Sales Tax) |
4.18% |
| 5) New York St Thruway Auth (New York St Thruway Auth |
4.14% |
| 6) Puerto Rico Sales Tax Fin Corp. Series 2009A |
3.84% |
| 7) Tobacco Settlement Fin Corp. NY (New York St Lease |
3.55% |
| 8) New York St Envrn Fac Corp. 5.00%, 8/15/24 |
3.23% |
| 9) New York St Thruway Auth (New York St Pers Income Tax) |
3.12% |
| 10) New York NY Trnsl Fin Auth Series 2002B 5.00%, 2/01/27 |
3.09% |
| Sector/Industry Breakdown |
|
| Portfolio % |
|
| Tax Supported |
|
| Special Tax |
32.13% |
| Local G.O. |
12.55% |
| Tax-Supported State Lease |
7.34% |
| State G.O. |
2.35% |
| Assessment District |
0.42% |
| SUBTOTAL |
54.79% |
| Revenue |
|
| Water & Sewer |
10.43% |
| Toll Roads/Transit |
9.15% |
| Health Care - Not-for-Profit |
8.48% |
| Airport |
4.97% |
| Higher Education - Private |
3.65% |
| Electric Utility |
1.98% |
| Senior Living |
1.70% |
| Industrial Development - Utility |
0.21% |
| Industrial Development - Airline |
0.18% |
| SUBTOTAL |
40.75% |
| Asset-Backed |
|
| Housing - Multi-Family |
1.81% |
| Housing - Single Family |
1.23% |
| SUBTOTAL |
3.04% |
| Prerefunded/ETM |
0.94% |
| Cash Equivalents |
|
| Investment Companies |
0.48% |
| SUBTOTAL |
0.48% |
| Total |
100.00% |
| State Breakdown |
|
| Portfolio % |
|
| New York |
91.15% |
| Puerto Rico |
6.59% |
| California |
0.88% |
| Colorado |
0.42% |
| Illinois |
0.27% |
| Ohio |
0.21% |
| Other |
0.48% |
| Total Investments |
100.00% |
| Credit Quality Breakdown |
|
| Portfolio % |
|
| AAA |
28.72% |
| AA |
46.18% |
| A |
13.49% |
| BBB |
9.09% |
| Not Rated |
1.10% |
| Pre-refunded Bonds |
0.94% |
| Short Term Investments |
0.48% |
| Total Investments |
100.00% |
| Portfolio Statistics: |
|
| AMT Percentage: |
11.80% |
| Average Coupon: |
5.37% |
| Percentage of Leverage: |
|
| Bank Borrowing: |
0.00% |
| Investment Operations: |
0.00% |
| Preferred Stock: |
35.96% |
| Tender Option Bonds: |
3.70% |
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
| Total Fund Leverage: |
39.66%* |
| Average Effective Maturity: |
6.13 Years |
| Effective Duration: |
5.29 Years |
| Total Net Assets: |
$113.46 Million** |
| Common Stock Net Asset Value: |
$15.03 |
| Number of Holdings: |
65 |
| Portfolio Turnover: |
15% |
* The total percentage of leverage constitutes 3.70% through the use of tender option bonds, 35.96% 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.
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