Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

Feb 26, 2013, 16:06 ET from Alliance New York Municipal Income Fund, Inc.

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.

Top 10 Fixed-Income Holdings

Portfolio %

1)   Port Authority of NY & NJ   5.00%,   10/01/27

5.04%

2)   New York St Dormitory Auth (Maimonides Med Ctr) NPFGC Series 04   

      5.75%,   8/01/29

4.56%

3)   Erie Cnty NY Fiscal Stability Auth (Erie Cnty Ny Sales Tax) Series 2011C  

      5.00%,   12/01/25

4.17%

4)   New York St Thruway Auth (New York St Thruway Auth Ded Tax) Series

      2011A   5.00%,   4/01/25

4.13%

5)   Puerto Rico Sales Tax Fin Corp. Series 2009A   5.50%,   8/01/28

3.72%

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

      AMBAC Series 03A-1   5.25%,   6/01/21

3.52%

7)   New York St Envrn Fac Corp.   5.00%,   8/15/24

3.23%

8)   New York St Thruway Auth (New York St Pers Income Tax) Series 2011A   

      5.00%,   3/15/26

3.12%

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

3.09%

10) New York NY Trnsl Fin Auth Series 2002B   5.00%,   2/01/27

3.09%

Sector/Industry Breakdown

Portfolio %

Tax Supported

Special Tax

33.16%

Local G.O.

12.19%

Tax-Supported State Lease

5.60%

State G.O.

2.33%

Assessment District

0.43%

SUBTOTAL

53.71%

Revenue

Water & Sewer

10.37%

Health Care - Not-for-Profit

9.67%

Toll Roads/Transit

8.20%

Airport

5.04%

Higher Education - Private

3.68%

Electric Utility

1.99%

Senior Living

1.70%

Industrial Development - Industry

0.49%

Industrial Development - Utility

0.21%

SUBTOTAL

41.35%

Asset-Backed

Housing - Multi-Family

1.82%

Housing - Single Family

1.21%

SUBTOTAL

3.03%

Cash Equivalents

Investment Companies

1.52%

SUBTOTAL

1.52%

Prerefunded/ETM

0.39%

Total

100.00%

State Breakdown

Portfolio %

New York

90.23%

Puerto Rico

6.42%

California

0.88%

Colorado

0.43%

Illinois

0.31%

Ohio

0.21%

Other

1.52%

Total Investments

100.00%

Credit Quality Breakdown

Portfolio %

AAA

28.60%

AA

44.97%

A

13.75%

BBB

8.77%

BB

0.49%

Not Rated

1.51%

Pre-refunded Bonds

0.39%

Short Term Investments

1.52%

Total Investments

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

1.52%

1 to 5 years

0.35%

5 to 10 years

11.14%

10 to 20 years

82.11%

20 to 30 years

4.88%

More than 30 years

0.00%

Other

0.00%

Total Investments

100.00%

Portfolio Statistics:

AMT Percentage:

9.79%

Average Coupon:

0.00%

Percentage of Leverage:

Bank Borrowing:

0.00%

Investment Operations:

0.00%

Preferred Stock:

36.22%

Tender Option Bonds:

3.73%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

39.95%*

Average Effective Maturity:

6.51 Years

Effective Duration:

5.58 Years

Total Net Assets:

$112.65 Million**

Common Stock Net Asset Value:

$14.86

Number of Holdings:

68

Portfolio Turnover:

44%

* 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.

** 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.