Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

Jun 29, 2010, 16:06 ET from Alliance New York Municipal Income Fund, Inc.

NEW YORK, June 29 /PRNewswire-FirstCall/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of May 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             9.64%
          Mortgage Agy) Series 01-29 5.45%, 4/01/31
        2)Metropolitan Trnsp Auth NY Series 02A 5.125%,          4.95%
          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              4.71%
          (Prerefunded/ETM)
        5)New York St Dormitory Auth (Maimonides Med             4.66%
          Ctr) NPFGC Series 04 5.75%, 8/01/29
        6)New York NY Trst for Cult Res (Museum of               4.50%
          Modern Art) AMBAC Series 01D 5.125%, 7/01/31
        7)New York NY Mun Wtr Fin Auth Series 02A                4.49%
          5.125%, 6/15/34
        8)Tobacco Settlement Fin Corp. NY (New York St           3.75%
          Lease Tobacco Asset Sec) AMBAC Series 03A-1
          5.25%, 6/01/21
        9)Puerto Rico GO 5.50%, 8/01/28                          3.73%
       10)Puerto Rico Hwy & Trnsp Auth Series 02D                3.11%
          5.375%, 7/01/36 (Prerefunded/ETM)
    
    
       Sector/Industry Breakdown
                                                          Portfolio % 
            Prerefunded/ETM                                    24.17%
            Housing - Single Family                            11.06%
            Health Care - Not-for-Profit                        8.52%
            Water & Sewer                                       7.99%
            Special Tax                                         7.31%
            Toll Roads/Transit                                  5.63%
            Revenue - Miscellaneous                             4.50%
            Money Market                                        4.32%
            Senior Living                                       4.04%
            Tax-Supported State Lease                           3.75%
            Higher Education - Private                          3.12%
            Housing - Multi-Family                              2.93%
            State G.O.                                          2.33%
            Assessment District                                 2.24%
            Industrial Development - Airline                    2.22%
            Local G.O.                                          2.01%
            Electric Utility                                    1.94%
            Insured                                             1.16%
            Primary/Secondary Ed. - Private                     0.31%
            Health Care - Municipal                             0.27%
            Tax-Supported Local Lease                           0.18%
            Total                                             100.00%
    
    
            State Breakdown
                                                          Portfolio %
            New York                                           82.02%
            Puerto Rico                                        12.69%
            Florida                                             2.90%
            California                                          1.27%
            Colorado                                            0.36%
            Illinois                                            0.28%
            Pennsylvania                                        0.25%
            Ohio                                                0.23%
            Total                                             100.00%
    
    
                 Credit Quality Breakdown
                                                          Portfolio %
                    AAA                                        50.74%
                    AA                                         20.27%
                    A                                          21.93%
                    BBB                                         3.05%
                    BB                                          3.12%
                    B                                           0.89%
                    Total Investments                         100.00%
    
         Portfolio Statistics:
              AMT Percentage:                 17.1%           
              Average Coupon:                  5.0%
              Percentage of Leverage:
                 Bank Loans:                  0.00%
                 Investment Operations:       3.72%
                 Preferred Stock:            36.51%
              Total:                         40.23%*
    
              Avg. Maturity:                 5.58 Years
              Duration:                      3.83 Years 
              Total Net Assets:              $111.7 Million**
              Common Stock Net Asset Value:  $14.69
              Number of Holdings:            64

* The total percentage of leverage constitutes 36.51% in issued and outstanding preferred stock and 3.72% 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.