Alliance New York Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, July 26, 2011 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of June 30, 2011.
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 |
7.36% |
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Mortgage Agy) Series 01-29 SFMR 5.45%, SFMR 4/01/31 |
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2) Metropolitan Trnsp Auth NY SFMR Series 02A |
4.89% |
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5.125%, SFMR 11/15/31 |
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3) New York St Dormitory Auth SFMR (Maimonides Med |
4.62% |
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Ctr) NPFGC Series 04 SFMR 5.75%, SFMR 8/01/29 |
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4) New York St UDC SFMR Series 02A SFMR 5.25%, SFMR 3/15/32 |
4.58% |
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(Prerefunded/ETM) |
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5) New York NY GO SFMR 01B SFMR 5.50%, SFMR 12/01/31 |
4.52% |
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(Prerefunded/ETM) |
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6) New York NY Mun Wtr Fin Auth SFMR Series 02A |
4.46% |
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5.125%, SFMR 6/15/34 |
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7) New York NY Trst for Cult Res SFMR (Museum Of |
4.46% |
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Modern Art) AMBAC Series 01D SFMR 5.125%, 7/01/31 |
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8) Tobacco Settlement Fin Corp. NY SFMR (New York St |
3.70% |
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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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9) Puerto Rico Sales Tax Fin Corp. SFMR 5.50%, |
3.67% |
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8/01/28 |
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10) Puerto Rico Hwy & Trnsp Auth SFMR Series 02D |
3.02% |
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5.375%, SFMR 7/01/36 (Prerefunded/ETM) |
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Sector/Industry Breakdown |
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Portfolio % |
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Revenue |
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Water & Sewer |
9.17% |
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Health Care - Not-for-Profit |
8.24% |
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Toll Roads/Transit |
6.53% |
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Revenue - Miscellaneous |
5.37% |
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Higher Education - Private |
2.67% |
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Electric Utility |
1.95% |
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Senior Living |
1.74% |
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Industrial Development - Airline |
0.96% |
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Industrial Development - Utility |
0.23% |
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SUBTOTAL |
36.86% |
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Tax Supported |
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Special Tax |
12.51% |
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Tax-Supported State Lease |
5.47% |
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Local G.O. |
3.62% |
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State G.O. |
2.34% |
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Assessment District |
2.23% |
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SUBTOTAL |
26.17% |
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Prerefunded/ETM |
24.83% |
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Asset-Backed |
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Housing - Single Family |
8.68% |
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Housing - Multi-Family |
2.94% |
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SUBTOTAL |
11.62% |
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Cash Equivalents |
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Investment Companies |
0.52% |
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SUBTOTAL |
0.52% |
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Total |
100.00% |
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State Breakdown |
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Portfolio % |
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New York |
83.11% |
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Puerto Rico |
12.34% |
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Florida |
1.87% |
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California |
1.30% |
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Colorado |
0.36% |
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Illinois |
0.27% |
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Ohio |
0.23% |
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Other |
0.52% |
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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 |
24.41% |
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AAA(Pre-refunded Bonds) |
24.83% |
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AA |
22.99% |
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A |
14.11% |
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BBB |
9.41% |
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BB |
0.78% |
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Short Term Investments |
0.52% |
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Not Rated |
2.95% |
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Total Investments |
100.00% |
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Portfolio Statistics: |
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AMT Percentage: |
13.39% |
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Average Coupon: |
5.24 |
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Percentage of Leverage: |
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Bank Borrowing: |
0.00% |
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Investment Operations: |
0.12% |
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Preferred Stock: |
37.24% |
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Tender Option Bonds: |
3.83% |
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Term Asset-Backed Loans Facility (TALF): |
0.00% |
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Total Fund Leverage: |
41.19%* |
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Average Maturity: |
5.22 Years |
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Effective Duration: |
3.69 Years |
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Total Net Assets: |
$109.55 Million** |
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Common Stock Net Asset Value: |
$14.24 |
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Number of Holdings: |
65 |
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* The total percentage of leverage constitutes 3.83% through the use of tender option bonds, 37.24% in issued and outstanding preferred stock and 0.12% 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. |
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** Includes 40,800,000 of preferred stock at liquidation value. |
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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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