Alliance New York Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, April 23, 2013 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of March 31, 2013.
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) Port Authority of NY & NJ 5.00%, 10/01/27 |
4.97% |
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2) New York St Dormitory Auth NPFGC Series 04 |
4.65% |
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5.75%, 8/01/14 (Prerefunded/ETM) |
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3) Erie Cnty NY Fiscal Stability Auth (Erie Cnty |
4.12% |
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Ny Sales Tax) Series 2011C 5.00%, 12/01/25 |
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4) New York St Thruway Auth (New York St Thruway |
4.08% |
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Auth Ded Tax) Series 2011A 5.00%, 4/01/25 |
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5) Puerto Rico Sales Tax Fin Corp. Series 2009A |
3.72% |
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5.50%, 8/01/28 |
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6) Tobacco Settlement Fin Corp. NY (New York St |
3.50% |
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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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7) New York St Envrn Fac Corp. 5.00%, |
3.20% |
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8/15/24 |
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8) New York NY Trnsl Fin Auth 5.00%, 5/01/27 |
3.07% |
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9) New York St Thruway Auth (New York St Pers |
3.04% |
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Income Tax) Series 2011A 5.00%, 3/15/26 |
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10) New York NY Trnsl Fin Auth Series 2002B |
3.03% |
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5.00%, 2/01/27 |
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Sector/Industry Breakdown |
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Portfolio % |
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Tax Supported |
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Special Tax |
32.85% |
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Local G.O. |
12.07% |
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Tax-Supported State Lease |
5.53% |
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State G.O. |
2.32% |
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Assessment District |
0.43% |
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SUBTOTAL |
53.20% |
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Revenue |
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Water & Sewer |
8.56% |
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Toll Roads/Transit |
8.06% |
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Health Care - Not-for-Profit |
6.02% |
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Airport |
4.97% |
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Higher Education - Private |
3.64% |
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Electric Utility |
1.98% |
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Senior Living |
1.69% |
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Revenue - Miscellaneous |
1.35% |
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Industrial Development - Industry |
0.49% |
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Industrial Development - Utility |
0.21% |
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SUBTOTAL |
36.97% |
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Prerefunded/ETM |
6.80% |
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Asset-Backed |
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Housing - Multi-Family |
1.82% |
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Housing - Single Family |
1.21% |
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SUBTOTAL |
3.03% |
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Total |
100.00% |
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State Breakdown |
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Portfolio % |
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New York |
91.76% |
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Puerto Rico |
6.41% |
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California |
0.88% |
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Colorado |
0.43% |
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Illinois |
0.31% |
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Ohio |
0.21% |
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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 |
26.61% |
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AA |
46.20% |
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A |
14.57% |
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BBB |
4.21% |
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BB |
0.49% |
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Not Rated |
1.12% |
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Pre-refunded Bonds |
6.80% |
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Total Investments |
100.00% |
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Bonds By Maturity |
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Portfolio % |
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Less than 1 year |
1.75% |
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1 to 5 years |
5.00% |
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5 to 10 years |
11.09% |
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10 to 20 years |
75.88% |
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20 to 30 years |
6.28% |
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More than 30 years |
0.00% |
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Other |
0.00% |
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Total Investments |
100.00% |
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Portfolio Statistics: |
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AMT Percentage: |
9.90% |
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Average Coupon: |
5.39% |
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Percentage of Leverage: |
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Bank Borrowing: |
0.00% |
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Investment Operations: |
0.52% |
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Preferred Stock: |
36.55% |
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Tender Option Bonds: |
3.76% |
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Term Asset-Backed Loans Facility (TALF): |
0.00% |
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Total Fund Leverage: |
40.83%* |
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Average Effective Maturity: |
6.60 Years |
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Effective Duration: |
5.64 Years |
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Total Net Assets: |
$111.64 Million** |
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Common Stock Net Asset Value: |
$14.65 |
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Number of Holdings: |
69 |
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Portfolio Turnover: |
44% |
* The total percentage of leverage constitutes 3.76% through the use of tender option bonds, 36.55% in issued and outstanding preferred stock and 0.52% 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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