Alliance New York Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Feb. 26, 2013 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of January 31, 2013.
Alliance New York Municipal Income Fund, Inc. |
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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 |
5.04% |
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2) New York St Dormitory Auth (Maimonides Med Ctr) NPFGC Series 04 5.75%, 8/01/29 |
4.56% |
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3) Erie Cnty NY Fiscal Stability Auth (Erie Cnty Ny Sales Tax) Series 2011C 5.00%, 12/01/25 |
4.17% |
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4) New York St Thruway Auth (New York St Thruway Auth Ded Tax) Series 2011A 5.00%, 4/01/25 |
4.13% |
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5) Puerto Rico Sales Tax Fin Corp. Series 2009A 5.50%, 8/01/28 |
3.72% |
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6) Tobacco Settlement Fin Corp. NY (New York St Lease Tobacco Asset Sec) AMBAC Series 03A-1 5.25%, 6/01/21 |
3.52% |
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7) New York St Envrn Fac Corp. 5.00%, 8/15/24 |
3.23% |
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8) New York St Thruway Auth (New York St Pers Income Tax) Series 2011A 5.00%, 3/15/26 |
3.12% |
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9) New York NY Trnsl Fin Auth 5.00%, 5/01/27 |
3.09% |
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10) New York NY Trnsl Fin Auth Series 2002B 5.00%, 2/01/27 |
3.09% |
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Sector/Industry Breakdown |
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Portfolio % |
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Tax Supported |
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Special Tax |
33.16% |
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Local G.O. |
12.19% |
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Tax-Supported State Lease |
5.60% |
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State G.O. |
2.33% |
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Assessment District |
0.43% |
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SUBTOTAL |
53.71% |
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Revenue |
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Water & Sewer |
10.37% |
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Health Care - Not-for-Profit |
9.67% |
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Toll Roads/Transit |
8.20% |
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Airport |
5.04% |
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Higher Education - Private |
3.68% |
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Electric Utility |
1.99% |
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Senior Living |
1.70% |
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Industrial Development - Industry |
0.49% |
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Industrial Development - Utility |
0.21% |
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SUBTOTAL |
41.35% |
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Asset-Backed |
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Housing - Multi-Family |
1.82% |
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Housing - Single Family |
1.21% |
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SUBTOTAL |
3.03% |
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Cash Equivalents |
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Investment Companies |
1.52% |
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SUBTOTAL |
1.52% |
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Prerefunded/ETM |
0.39% |
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Total |
100.00% |
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State Breakdown |
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Portfolio % |
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New York |
90.23% |
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Puerto Rico |
6.42% |
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California |
0.88% |
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Colorado |
0.43% |
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Illinois |
0.31% |
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Ohio |
0.21% |
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Other |
1.52% |
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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 |
28.60% |
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AA |
44.97% |
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A |
13.75% |
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BBB |
8.77% |
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BB |
0.49% |
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Not Rated |
1.51% |
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Pre-refunded Bonds |
0.39% |
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Short Term Investments |
1.52% |
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Total Investments |
100.00% |
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Bonds By Maturity |
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Portfolio % |
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Less than 1 year |
1.52% |
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1 to 5 years |
0.35% |
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5 to 10 years |
11.14% |
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10 to 20 years |
82.11% |
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20 to 30 years |
4.88% |
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More than 30 years |
0.00% |
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Other |
0.00% |
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Total Investments |
100.00% |
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Portfolio Statistics: |
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AMT Percentage: |
9.79% |
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Average Coupon: |
0.00% |
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Percentage of Leverage: |
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Bank Borrowing: |
0.00% |
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Investment Operations: |
0.00% |
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Preferred Stock: |
36.22% |
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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: |
39.95%* |
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Average Effective Maturity: |
6.51 Years |
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Effective Duration: |
5.58 Years |
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Total Net Assets: |
$112.65 Million** |
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Common Stock Net Asset Value: |
$14.86 |
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Number of Holdings: |
68 |
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Portfolio Turnover: |
44% |
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* The total percentage of leverage constitutes 3.73% through the use of tender option bonds, 36.22% 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. |
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** Includes 40,800,000 of preferred stock at liquidation value. |
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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. |
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SOURCE Alliance New York Municipal Income Fund, Inc.
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