Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

Jan 29, 2013, 16:06 ET from Alliance New York Municipal Income Fund, Inc.

NEW YORK, Jan. 29, 2013 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of December 31, 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           

5.03%

2) New York St Dormitory Auth (Maimonides Med

    Ctr) NPFGC Series 04   5.75%,   8/01/29

4.57%

3) Erie Cnty NY Fiscal Stability Auth (Erie Cnty

    Ny Sales Tax) Series 2011C   5.00%,   12/01/25

4.19%

4) New York St Thruway Auth (New York St Thruway

    Auth Ded Tax) Series 2011A   5.00%,   4/01/25

4.15%

5) Puerto Rico Sales Tax Fin Corp. Series 2009A

     5.50%,   8/01/28

3.66%

6) Tobacco Settlement Fin Corp. NY (New York St

    Lease Tobacco Asset Sec) AMBAC Series 03A-1

    5.25%,   6/01/21

3.53%

7) New York St Envrn Fac Corp.   5.00%,

    8/15/24

3.21%

8) New York St Thruway Auth (New York St Pers

    Income Tax) Series 2011A   5.00%,   3/15/26

3.13%

9) New York NY Trnsl Fin Auth Series 2002B

    5.00%,   2/01/27

3.10%

10) New York NY Trnsl Fin Auth   5.00%,   5/01/27

3.06%

Sector/Industry Breakdown

Portfolio %

Tax Supported

Special Tax

33.12%

Local G.O.

12.56%

Tax-Supported State Lease

5.62%

State G.O.

2.31%

Assessment District

0.43%

SUBTOTAL

54.04%

Revenue

Health Care - Not-for-Profit

10.97%

Water & Sewer

10.38%

Toll Roads/Transit

8.20%

Airport

5.03%

Higher Education - Private

3.69%

Electric Utility

2.00%

Senior Living

1.72%

Industrial Development - Industry

0.48%

Industrial Development - Utility

0.21%

SUBTOTAL

42.68%

Asset-Backed

Housing - Multi-Family

1.82%

Housing - Single Family

1.20%

SUBTOTAL

3.02%

Cash Equivalents

Investment Companies

0.22%

SUBTOTAL

0.22%

Prerefunded/ETM

0.04%

Total

100.00%

State Breakdown

Portfolio %

New York

91.62%

Puerto Rico

6.33%

California

0.88%

Colorado

0.43%

Illinois

0.31%

Ohio

0.21%

Other

0.22%

Total Investments

100.00%

Credit Quality Breakdown

Portfolio %

AAA

28.60%

AA

45.79%

A

13.67%

BBB

10.05%

BB

0.48%

Not Rated

1.15%

Pre-refunded Bonds

0.04%

Short Term Investments

0.22%

Total Investments

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

0.22%

1 to 5 years

0.00%

5 to 10 years

11.17%

10 to 20 years

83.76%

20 to 30 years

4.85%

More than 30 years

0.00%

Other

0.00%

Total Investments

100.00%

Portfolio Statistics:

AMT Percentage:

4.65%

Average Coupon:

5.30%

Percentage of Leverage:

Bank Borrowing:

0.00%

Investment Operations:

0.00%

Preferred Stock:

36.23%

Tender Option Bonds:

3.73%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

39.96%*

Average Effective Maturity:

6.62 Years

Effective Duration:

5.72 Years

Total Net Assets:

$112.61 Million**

Common Stock Net Asset Value:

$14.85

Number of Holdings:

68

Portfolio Turnover:

44%

* The total percentage of leverage constitutes 3.73% through the use of tender option bonds, 36.23% 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.