Alliance New York Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Sept. 28 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc.(NYSE: AYN) (the "Fund") today released its monthly portfolio update as of August 31, 2010.
Alliance New York Municipal Income Fund, Inc. |
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Top 10 Fixed-Income Holdings |
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Portfolio % |
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1) New York St Mortgage Agy SFMR (New York St |
9.35% |
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Mortgage Agy) Series 01-29 5.45%, 4/01/31 |
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2) Metropolitan Trnsp Auth NY Series 02A |
4.90% |
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5.125%, 11/15/31 |
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3) New York St Dormitory Auth (Maimonides Med |
4.57% |
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Ctr) NPFGC Series 04 5.75%, 8/01/29 |
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4) New York St UDC Series 02A 5.25%, 3/15/32 |
4.57% |
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(Prerefunded/ETM) |
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5) New York NY GO Series 01B 5.50%, 12/01/31 |
4.53% |
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(Prerefunded/ETM) |
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6) New York NY Mun Wtr Fin Auth Series 02A |
4.44% |
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5.125%, 6/15/34 |
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7) New York NY Trst for Cult Res (Museum of |
4.38% |
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Modern Art) AMBAC Series 01D 5.125%, 7/01/31 |
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8) Puerto Rico Sales Tax Fin Corp. 5.50%, |
3.73% |
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8/01/28 |
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9) Tobacco Settlement Fin Corp. NY (New York St |
3.68% |
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Lease Tobacco Asset Sec) AMBAC Series 03A-1 |
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5.25%, 6/01/21 |
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10) Puerto Rico Hwy & Trnsp Auth Series 02D |
3.00% |
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5.375%, 7/01/36 (Prerefunded/ETM) |
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Sector/Industry Breakdown |
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Portfolio % |
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Prerefunded/ETM |
23.25% |
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Housing - Single Family |
10.73% |
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Special Tax |
10.20% |
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Health Care - Not-for-Profit |
9.93% |
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Water & Sewer |
9.43% |
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Toll Roads/Transit |
6.53% |
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Revenue - Miscellaneous |
5.31% |
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Higher Education - Private |
3.79% |
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Tax-Supported State Lease |
3.68% |
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Housing - Multi-Family |
2.86% |
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State G.O. |
2.33% |
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Assessment District |
2.24% |
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Industrial Development - Airline |
2.21% |
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Local G.O. |
2.01% |
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Electric Utility |
1.96% |
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Senior Living |
1.72% |
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Insured |
1.13% |
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Health Care - Municipal |
0.27% |
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Primary/Secondary Ed. - Private |
0.24% |
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Tax-Supported Local Lease |
0.18% |
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Total |
100.00% |
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State Breakdown |
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Portfolio % |
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New York |
82.32% |
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Puerto Rico |
12.43% |
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Florida |
2.85% |
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California |
1.29% |
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Colorado |
0.36% |
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Illinois |
0.27% |
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Pennsylvania |
0.25% |
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Ohio |
0.23% |
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Total Investments |
100.00% |
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Credit Quality Breakdown |
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Portfolio % |
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AAA |
27.22% |
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AAA(Pre-refunded Bonds) |
23.28% |
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AA |
18.74% |
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A |
21.40% |
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BBB |
4.53% |
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BB |
1.63% |
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N/R |
3.20% |
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Total Investments |
100.00% |
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Portfolio Statistics: |
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AMT Percentage: |
16.09% |
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Average Coupon: |
5.00% |
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Percentage of Leverage: |
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Bank Borrowing: |
0.00% |
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Investment Operations: |
1.83% |
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Preferred Stock: |
36.21% |
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Tender Option Bonds: |
3.73% |
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Term Asset-Backed Loans Facility (TALF): |
0.00% |
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Total Fund Leverage: |
41.77%* |
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Average Maturity: |
4.37 Years |
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Effective Duration: |
3.14 Years |
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Total Net Assets: |
$112.7 Million** |
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Common Stock Net Asset Value: |
$14.89 |
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Number of Holdings: |
68 |
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The total percentage of leverage constitutes 3.73% through the use of tender option bonds, 36.21% in issued and outstanding preferred stock and 1.83% 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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