Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

NEW YORK, April 27 /PRNewswire-FirstCall/ -- Alliance New York Municipal Income Fund, Inc. [NYSE: AYN] (the "Fund") today released its monthly portfolio update as of March 31, 2010.

    
    
    Alliance New York Municipal Income Fund, Inc.
    
    Top 10 Fixed-Income Holdings
    
                                                           Portfolio %
        1) New York St Mortgage Agy SFMR (New York St             9.61%
           Mortgage Agy) Series 01-29 5.45%, 4/01/31
        2) Metropolitan Trnsp Auth NY Series 02A 5.125%,          4.94%
           11/15/31
        3) New York St UDC Series 02A 5.25%, 3/15/32              4.74%
           (Prerefunded/ETM)
        4) New York NY GO Series 01B 5.50%, 12/01/31              4.72%
           (Prerefunded/ETM)
        5) New York St Dormitory Auth (Maimonides Med             4.62%
           Ctr) NPFGC Series 04 5.75%, 8/01/29
        6) New York NY Mun Wtr Fin Auth Series 02A                4.48%
           5.125%, 6/15/34
        7) New York NY Trst for Cult Res (Museum of               4.45%
           Modern Art) AMBAC Series 01D 5.125%, 7/01/31
        8) Tobacco Settlement Fin Corp. NY (New York St           3.72%
           Lease Tobacco Asset Sec) AMBAC Series 03A-1
           5.25%, 6/01/21
        9) Puerto Rico GO 5.50%, 8/01/28                          3.66%
       10) Puerto Rico Hwy & Trnsp Auth Series 02D                3.10%
           5.375%, 7/01/36 (Prerefunded/ETM)
    
    
       Sector/Industry Breakdown
                                                          Portfolio %
            Prerefunded/ETM                                    25.14%
            Housing - Single Family                            11.09%
            Health Care - Not-for-Profit                        8.42%
            Water & Sewer                                       7.95%
            Special Tax                                         7.14%
            Toll Roads/Transit                                  5.61%
            Revenue - Miscellaneous                             4.45%
            Money Market                                        4.23%
            Senior Living                                       4.02%
            Tax-Supported State Lease                           3.72%
            Higher Education - Private                          3.07%
            Housing - Multi-Family                              2.92%
            State G.O.                                          2.25%
            Assessment District                                 2.21%
            Industrial Development - Airline                    2.19%
            Local G.O.                                          1.99%
            Electric Utility                                    1.90%
            Insured                                             1.15%
            Primary/Secondary Ed. - Private                     0.30%
            Health Care - Municipal                             0.25%
            Total                                             100.00%
    
    
            State Breakdown
                                                          Portfolio %
            New York                                           82.18%
            Puerto Rico                                        12.62%
            Florida                                             2.88%
            California                                          1.22%
            Colorado                                            0.35%
            Illinois                                            0.26%
            Pennsylvania                                        0.25%
            Ohio                                                0.24%
            Total                                             100.00%
    
    
                 Credit Quality Breakdown
                                                          Portfolio %
                    AAA                                        51.56%
                    AA                                         19.64%
                    A                                          20.60%
                    BBB                                         4.38%
                    BB                                          2.94%
                    B                                           0.88%
                    Total Investments                         100.00%
    
         Portfolio Statistics:
              AMT Percentage:                 17.4%           
              Average Coupon:                  5.0%
              Percentage of Leverage:
                 Bank Loans:                  0.00%
                 Investment Operations:       4.69%
                 Preferred Stock:            36.82%
              Total:                         41.51%*
    
              Avg. Maturity:                  5.99 Years
              Duration:                       4.04 Years 
              Total Net Assets:             $110.8 Million**
              Common Stock Net Asset Value: $14.50
              Number of Holdings:               65
    

* The total percentage of leverage constitutes 36.82% in issued and outstanding preferred stock and 4.69% in investment operations, which may include the use of certain portfolio management techniques such as tender option bonds, 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.