Alliance New York Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, July 27, 2015 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc.(NYSE: AYN) (the "Fund") today released its monthly portfolio update as of June 30, 2015.
| Alliance New York Municipal Income Fund, Inc. |
|
| Top 10 Fixed-Income Holdings |
Portfolio % |
| 1) Port Authority of New York & New Jersey Series 2012 5.00%, 10/01/34 |
4.83% |
| 2) Erie County Fiscal Stability Authority (Erie County Fiscal Stability Authority Sales Tax) Series 2011C 5.00%, 12/01/25 |
4.18% |
| 3) Utility Debt Securitization Authority Series 2013T 5.00%, 12/15/30 |
4.17% |
| 4) New York State Thruway Authority (New York State Thruway Authority Ded Tax) Series 2011A 5.00%, 4/01/31 |
3.98% |
| 5) New York State Dormitory Authority (New York State Dormitory Authority Lease) Series 2013A 5.25%, 7/01/30 |
3.08% |
| 6) New York State Dormitory Authority (State of New York Pers Income Tax) Series 2012A 5.00%, 6/15/31 |
3.03% |
| 7) New York State Dormitory Authority (New York St Pers Income Tax) 5.00%, 3/15/26 |
2.93% |
| 8) New York State Thruway Authority (New York State Thruway Authority Gen Toll Road) Series 2014J 5.00%, 1/01/41 |
2.90% |
| 9) Idaho Housing & Finance Association (State of Idaho Fed Hwy Grant) Series 2014 5.00%, 7/15/31 |
2.82% |
| 10) New York City Water & Sewer System Series 2011HH 5.00%, 6/15/26 |
2.64% |
| Sector/Industry Breakdown |
Portfolio % |
| Revenue |
|
| Toll Roads/Transit |
10.88% |
| Water & Sewer |
10.20% |
| Higher Education - Private |
9.56% |
| Health Care - Not-for-Profit |
9.46% |
| Revenue - Miscellaneous |
8.23% |
| Electric Utility |
7.58% |
| Airport |
7.33% |
| Senior Living |
2.63% |
| Higher Education - Public |
1.22% |
| Industrial Development - Utility |
0.23% |
| SUBTOTAL |
67.32% |
| Tax Supported |
|
| Special Tax |
19.25% |
| Tax-Supported State Lease |
3.02% |
| Local G.O. |
2.04% |
| State G.O. |
0.18% |
| SUBTOTAL |
24.49% |
| Asset-Backed |
|
| Housing - Multi-Family |
3.88% |
| SUBTOTAL |
3.88% |
| Prerefunded/ETM |
2.78% |
| Cash Equivalents |
|
| Investment Companies |
1.53% |
| SUBTOTAL |
1.53% |
| Total |
100.00% |
| State Breakdown |
Portfolio % |
| New York |
90.83% |
| Idaho |
2.82% |
| Texas |
2.03% |
| Kansas |
0.97% |
| Florida |
0.96% |
| Colorado |
0.45% |
| Ohio |
0.23% |
| California |
0.18% |
| Other |
1.53% |
| Total Investments |
100.00% |
| Credit Quality Breakdown |
Portfolio % |
| AAA |
15.62% |
| AA |
50.89% |
| A |
17.85% |
| BBB |
9.73% |
| BB |
1.10% |
| Not Rated |
0.50% |
| Pre-refunded Bonds |
2.78% |
| Short Term Investments |
1.53% |
| Total Investments |
100.00% |
| Bonds By Maturity |
Portfolio % |
| Less than 1 year |
2.58% |
| 1 to 5 years |
3.36% |
| 5 to 10 years |
5.13% |
| 10 to 20 years |
73.79% |
| 20 to 30 years |
13.25% |
| More than 30 years |
1.89% |
| Other |
0.00% |
| Total Investments |
100.00% |
| Portfolio Statistics: |
|
| AMT Percentage: |
10.44% |
| Average Coupon: |
5.25% |
| Percentage of Leverage: |
|
| Bank Borrowing: |
0.00% |
| Investment Operations: |
0.45% |
| Preferred Stock: |
37.64% |
| Tender Option Bonds: |
3.88% |
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
| Total Fund Leverage: |
41.97%* |
| Average Effective Maturity: |
6.70 Years |
| Effective Duration: |
5.82 Years |
| Total Net Assets: |
$109.93 Million** |
| Common Stock Net Asset Value: |
$14.29 |
| Number of Holdings: |
73 |
| Portfolio Turnover: |
42% |
* The total percentage of leverage constitutes 3.88% through the use of tender option bonds, 37.64% in issued and outstanding preferred stock and 0.45% 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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