Alliance New York Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Aug. 25 /PRNewswire-FirstCall/ -- Alliance New York Municipal Income Fund, Inc.(NYSE: AYN) (the "Fund") today released its monthly portfolio update as of July 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 Mortgage Agy) Series 01-29 5.45%, 4/01/31 9.49% 2) Metropolitan Trnsp Auth NY Series 02A 5.125%, 11/15/31 4.86% 3) New York St UDC Series 02A 5.25%, 3/15/32 (Prerefunded/ETM) 4.66% 4) New York NY GO Series 01B 5.50%, 12/01/31 (Prerefunded/ETM) 4.61% 5) New York St Dormitory Auth (Maimonides Med Ctr) NPFGC Series 04 5.75%, 8/01/29 4.58% 6) New York NY Mun Wtr Fin Auth Series 02A 5.125%, 6/15/34 4.45% 7) New York NY Trst for Cult Res (Museum of Modern Art) AMBAC Series 01D 5.125%, 7/01/31 4.42% 8) Tobacco Settlement Fin Corp. NY (New York St Lease Tobacco Asset Sec) AMBAC Series 03A-1 5.25%, 6/01/21 3.70% 9) Puerto Rico Sales Tax Fin Corp. 5.50%, 8/01/28 3.65% 10) Puerto Rico Hwy & Trnsp Auth Series 02D 5.375%, 7/01/36 (Prerefunded/ETM) 3.06% Sector/Industry Breakdown Portfolio % Prerefunded/ETM 23.70% Housing - Single Family 10.88% Special Tax 10.03% Health Care - Not-for-Profit 9.50% Water & Sewer 9.37% Toll Roads/Transit 6.50% Revenue - Miscellaneous 5.35% Higher Education - Private 3.80% Tax-Supported State Lease 3.70% Housing - Multi-Family 2.89% State G.O. 2.30% Assessment District 2.26% Industrial Development - Airline 2.21% Local G.O. 2.00% Electric Utility 1.94% Senior Living 1.74% Insured 1.14% Health Care - Municipal 0.27% Primary/Secondary Ed. - Private 0.24% Tax-Supported Local Lease 0.18% Total 100.00% State Breakdown Portfolio % New York 82.28% Puerto Rico 12.45% Florida 2.89% California 1.27% Colorado 0.36% Illinois 0.28% Pennsylvania 0.24% Ohio 0.23% Total Investments 100.00% Credit Quality Breakdown Portfolio % AAA 26.85% AAA(Pre-refunded Bonds) 23.71% AA 18.80% A 21.25% BBB 4.52% BB 1.64% N/R 3.23% Total Investments 100.00% Portfolio Statistics: AMT Percentage: 17.30% Average Coupon: 5.03% Percentage of Leverage: Bank Borrowing: 0.00% Investment Operations: 1.31% Preferred Stock: 36.55% Tender Option Bonds: 3.76% Term Asset-Backed Loans Facility (TALF): 0.00% Total Fund Leverage: 41.62%* Average Maturity: 5.50 Years Effective Duration: 3.82 Years Total Net Assets: $111.6 Million** Common Stock Net Asset Value: $14.67 Number of Holdings: 67
* The total percentage of leverage constitutes 3.76% through the use of tender option bonds, 36.55% in issued and outstanding preferred stock and 1.31% in investment operations, which may include the use of certain portfolio management techniques such as 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.
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