Alliance New York Municipal Income Fund, Inc. Announces Approval Of Plan Of Liquidation By Its Board Of Directors

NEW YORK, May 5, 2015 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. ("ANYMIF" –NYSE: AYN) announced today that its Board of Directors has unanimously approved the liquidation and dissolution of ANYMIF, subject to stockholder approval.  Based on the recommendation of the investment adviser, the Board of Directors of the Fund believes that liquidation of the Fund is in the best interests of the Fund and its stockholders.

It is anticipated that the Plan of Liquidation and Dissolution will be submitted to the ANYMIF's stockholders at a special meeting to be called for that purpose on August 3, 2015.  The close of business on May 21, 2015 has been fixed as the record date for the special meeting of stockholders. 

ANYMIF is a closed-end U.S.-registered management investment company advised by AllianceBernstein L.P. with total net assets, including preferred stock at liquidation value, of approximately $111,044,000.

SOURCE Alliance New York Municipal Income Fund, Inc.