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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