Alliance California Municipal Income Fund, Inc. Reports First Quarter Earnings
NEW YORK, March 26 /PRNewswire-FirstCall/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP), a registered closedend investment company, today announced earnings for the Fund's first fiscal quarter ended January 31, 2010.
Total net assets of the Fund* on January 31, 2010 were $191,925,183, as compared with $191,663,350 on October 31, 2009 and $180,885,291 on January 31, 2009. On January 31, 2010, the net asset value per share of common stock was $13.98 based on 8,536,533 shares of common stock outstanding.
January 31, 2010 |
October 31, 2009 |
January 31, 2009 |
||
Total Net Assets |
$191,925,183 |
$191,663,350 |
$180,885,291 |
|
NAV Per Share |
$13.98 |
$13.95 |
$12.69 |
|
Shares Outstanding |
8,536,533 |
8,536,533 |
8,536,533 |
|
For the period November 1, 2009 through January 31, 2010, total net investment income was $2,226,449 or $0.26 per share of common stock. The total net realized and unrealized gain was $20,172 or $0.00 per share of common stock for the same period.
First Quarter Ended January 31, 2010 |
Fourth Quarter Ended October 31, 2009 |
First Quarter Ended January 31, 2009 |
||
Total Net Investment Income |
$2,226,449 |
$2,167,047 |
$2,208,914 |
|
Per Share |
$0.26 |
$0.25 |
$0.26 |
|
Total Net Realized/ Unrealized Gain/(Loss) |
$20,172 |
$6,766,498 |
$593,032 |
|
Per Share |
$0.00 |
$0.79 |
$0.07 |
|
* Total net assets include assets attributable to both common and preferred shares.
Alliance California Municipal Income Fund, Inc. is managed by AllianceBernstein L.P.
SOURCE Alliance California Municipal Income Fund, Inc.
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