Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

Jul 27, 2015, 16:06 ET from Alliance New York Municipal Income Fund, Inc.

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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