Alliance New York Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, May 23, 2014 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of April 30, 2014.
| Top 10 Fixed-Income Holdings |
Portfolio % |
| 1) Port Authority of NY & NJ 5.00%, 10/01/34 |
4.73% |
| 2) New York St Dormitory Auth NATL Series 04 5.75%, 8/01/14 (Prerefunded/ETM) |
4.47% |
| 3) Utility Debt Securitization Auth NY Series 2013T 5.00%, 12/15/30 |
4.15% |
| 4) Erie Cnty NY Fiscal Stability Auth (Erie Cnty NY Sales Tax) Series 2011C 5.00%, 12/01/25 |
4.07% |
| 5) New York St Thruway Auth (New York St Thruway Auth Ded Tax) Series 2011A 5.00%, 4/01/31 |
3.90% |
| 6) New York NY Trnsl Fin Auth Series 2013A 5.25%, 7/01/30 |
3.02% |
| 7) New York St Dormitory Auth (New York St Pers Income Tax) 5.00%, 3/15/26 |
2.99% |
| 8) New York St Dormitory Auth (New York St Pers Income Tax) Series 2012A 5.00%, 6/15/31 |
2.97% |
| 9) Long Island Pwr Auth NY Series 2012D 0.08%, 12/01/29 |
2.82% |
| 10) Idaho Hsg & Fin Assn (Idaho Fed Hwy Grant) 5.00%, 7/15/31 |
2.79% |
| Sector/Industry Breakdown |
Portfolio % |
| Revenue |
|
| Water & Sewer |
11.46% |
| Toll Roads/Transit |
8.95% |
| Revenue - Miscellaneous |
8.23% |
| Health Care - Not-for-Profit |
5.88% |
| Higher Education - Private |
5.07% |
| Airport |
4.73% |
| Senior Living |
3.18% |
| Electric Utility |
1.33% |
| Industrial Development - Utility |
0.20% |
| SUBTOTAL |
49.03% |
| Tax Supported |
|
| Special Tax |
25.35% |
| Local G.O. |
5.27% |
| State G.O. |
3.17% |
| Tax-Supported State Lease |
1.99% |
| Tax-Supported Local Lease |
1.96% |
| Assessment District |
0.37% |
| SUBTOTAL |
38.11% |
| Prerefunded/ETM |
5.14% |
| Cash Equivalents |
|
| Investment Companies |
3.05% |
| SUBTOTAL |
3.05% |
| Note/VRDBs |
|
| Money Market |
2.82% |
| SUBTOTAL |
2.82% |
| Asset-Backed |
|
| Housing - Multi-Family |
1.85% |
| SUBTOTAL |
1.85% |
| Total |
100.00% |
| State Breakdown |
Portfolio % |
| New York |
82.23% |
| Idaho |
2.79% |
| Pennsylvania |
2.60% |
| Louisiana |
2.33% |
| New Mexico |
2.07% |
| Texas |
2.03% |
| Wisconsin |
1.31% |
| Puerto Rico |
0.44% |
| Illinois |
0.40% |
| Colorado |
0.37% |
| Ohio |
0.20% |
| California |
0.18% |
| Other |
3.05% |
| Total Investments |
100.00% |
| Credit Quality Breakdown |
Portfolio % |
| AAA |
16.19% |
| AA |
54.48% |
| A |
13.65% |
| BBB |
2.72% |
| BB |
0.74% |
| Not Rated |
1.20% |
| Pre-refunded Bonds |
5.14% |
| Short Term Investments |
5.88% |
| Total Investments |
100.00% |
| Bonds By Maturity |
Portfolio % |
| Less than 1 year |
10.35% |
| 1 to 5 years |
0.63% |
| 5 to 10 years |
17.45% |
| 10 to 20 years |
59.95% |
| 20 to 30 years |
11.62% |
| More than 30 years |
0.00% |
| Other |
0.00% |
| Total Investments |
100.00% |
| Portfolio Statistics: |
|
| AMT Percentage: |
8.57% |
| Average Coupon: |
5.11% |
| Percentage of Leverage: |
|
| Bank Borrowing: |
0.00% |
| Investment Operations: |
0.00% |
| Preferred Stock: |
37.53% |
| Tender Option Bonds: |
3.86% |
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
| Total Fund Leverage: |
41.39%* |
| Average Effective Maturity: |
6.23 Years |
| Effective Duration: |
5.40 Years |
| Total Net Assets: |
$108.73 Million** |
| Common Stock Net Asset Value: |
$14.05 |
| Number of Holdings: |
70 |
| Portfolio Turnover: |
35% |
* The total percentage of leverage constitutes 3.86% through the use of tender option bonds, 37.53% 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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