Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, March 26 /PRNewswire-FirstCall/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of February 28, 2010.
Alliance California Municipal Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio% 1)Los Angeles CA USD GO NPFGC Series 02E 5.51% 5.125%, 1/01/27 (Prerefunded/ETM) 2)Los Angeles CA Dept W&P Pwr NPFGC-RE Series 5.01% 01A 5.125%, 7/01/41 3)California GO 5.25%, 4/01/30 4.83% (Prerefunded/ETM) 4)Palo Alto CA Univ Ave AD Series 02A 5.875%, 3.73% 9/02/30 5)Puerto Rico Hwy & Trnsp Auth Series 02D 3.55% 5.375%, 7/01/36 (Prerefunded/ETM) 6)Puerto Rico Elec Pwr Auth XLCA Series 02-2 3.34% 5.25%, 7/01/31 (Prerefunded/ETM) 7)Los Angeles CA Cmnty Redev Agy (Los Angeles 3.31% CA CRA Grand Ctrl) AMBAC Series 02 5.375%, 12/01/26 8)California Infra & Eco Dev Bk (YMCA of Metro 2.99% Los Angeles) AMBAC Series 01 5.25%, 2/01/32 9)Los Angeles CA Harbor Dept 5.00%, 8/01/26 2.94% 10)Temecula CA Redev Agy NPFGC Series 02 5.25%, 2.83% 8/01/36 Sector/Industry Breakdown Portfolio% Prerefunded/ETM 21.42% Special Tax 13.56% Health Care - Not-for-Profit 7.85% Airport/Ports 7.60% Higher Education 6.49% Water & Sewer 6.16% Tax-Supported Local Lease 5.77% Housing - Multi-Family 5.16% Revenue - Miscellaneous 4.86% Assessment District 4.84% State G.O. 4.15% Local G.O. 3.49% Toll Roads/Transit 2.13% Insured 1.61% Tax-Supported State Lease 1.58% Electric Utility 1.33% Primary/Secondary Ed. - Private 1.07% Higher Education - Private 0.73% Money Market 0.20% Total 100.00% State Breakdown Portfolio% California 90.08% Puerto Rico 8.49% Nevada 1.07% Ohio 0.22% Colorado 0.14% Total 100.00% Credit Quality Breakdown Portfolio% AAA 39.39% AA 23.57% A 23.49% BBB 11.91% BB 1.44% A-1 0.20% Total Investments 100.00% Portfolio Statistics AMT Percentage: 16.48% Average Coupon: 5.04% Percentage of Leverage: Bank Loans: 0.00% Investment Operations: 3.18% Preferred Stock: 26.40% Total Fund Leverage: 29.58%* Avg. Maturity: 9.86 Years Effective Duration: 6.62 Years Total Net Assets: $193.5 Million Net Asset Value: $14.17 Number of Holdings: 71 * The total percentage of leverage constitutes 26.40% in issued and outstanding preferred stock and 3.18% 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.
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 California Municipal Income Fund, Inc.
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