Alliance New York Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Sept. 24, 2013 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of August 31, 2013.
Alliance New York Municipal Income Fund, Inc. |
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Top 10 Fixed-Income Holdings |
Portfolio % |
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1) New York St Dormitory Auth NPFGC Series 04 |
4.77% |
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5.75%, 8/01/14 (Prerefunded/ETM) |
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2) Port Authority of NY & NJ 5.00%, 10/01/27 |
4.74% |
|
3) Erie Cnty NY Fiscal Stability Auth (Erie Cnty |
3.96% |
|
Ny Sales Tax) Series 2011C 5.00%, 12/01/25 |
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4) New York St Thruway Auth (New York St Thruway |
3.94% |
|
Auth Ded Tax) Series 2011A 5.00%, 4/01/25 |
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5) Tobacco Settlement Fin Corp. NY (New York St |
3.64% |
|
Lease Tobacco Asset Sec) AMBAC Series 03A-1 |
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5.25%, 6/01/21 |
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6) Puerto Rico Sales Tax Fin Corp. Series 2009A |
3.44% |
|
5.50%, 8/01/28 |
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7) New York St Envrn Fac Corp. 5.00%, |
3.06% |
|
8/15/24 |
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8) New York NY Trnsl Fin Auth Series 2012A-1 |
3.00% |
|
5.00%, 5/01/27 |
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9) New York St Dormitory Auth (New York St Pers |
2.95% |
|
Income Tax) 5.00%, 3/15/26 |
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10) New York St Thruway Auth (New York St Pers |
2.93% |
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Income Tax) Series 2011A 5.00%, 3/15/26 |
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Sector/Industry Breakdown |
Portfolio % |
|
Tax Supported |
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Special Tax |
32.41% |
|
Local G.O. |
9.25% |
|
Tax-Supported State Lease |
5.58% |
|
State G.O. |
1.54% |
|
Assessment District |
0.41% |
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SUBTOTAL |
49.19% |
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Revenue |
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Water & Sewer |
10.75% |
|
Toll Roads/Transit |
7.68% |
|
Health Care - Not-for-Profit |
5.54% |
|
Airport |
4.74% |
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Higher Education - Private |
3.52% |
|
Senior Living |
3.11% |
|
Electric Utility |
1.99% |
|
Revenue - Miscellaneous |
1.23% |
|
Industrial Development - Industry |
0.40% |
|
Industrial Development - Utility |
0.20% |
|
SUBTOTAL |
39.16% |
|
Prerefunded/ETM |
5.17% |
|
Cash Equivalents |
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Investment Companies |
4.57% |
|
SUBTOTAL |
4.57% |
|
Asset-Backed |
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Housing - Multi-Family |
1.91% |
|
SUBTOTAL |
1.91% |
|
Total |
100.00% |
|
State Breakdown |
Portfolio % |
|
New York |
89.43% |
|
Puerto Rico |
4.84% |
|
Colorado |
0.41% |
|
Illinois |
0.37% |
|
Ohio |
0.20% |
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California |
0.18% |
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Other |
4.57% |
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Total Investments |
100.00% |
|
Credit Quality Breakdown |
Portfolio % |
|
AAA |
22.52% |
|
AA |
47.72% |
|
A |
14.15% |
|
BBB |
4.28% |
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BB |
0.40% |
|
Not Rated |
1.19% |
|
Pre-refunded Bonds |
5.17% |
|
Short Term Investments |
4.57% |
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Total Investments |
100.00% |
|
Bonds By Maturity |
Portfolio % |
|
Less than 1 year |
9.34% |
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1 to 5 years |
0.36% |
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5 to 10 years |
11.15% |
|
10 to 20 years |
73.34% |
|
20 to 30 years |
5.81% |
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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: |
9.55% |
|
Average Coupon: |
5.31% |
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Percentage of Leverage: |
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Bank Borrowing: |
0.00% |
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Investment Operations: |
0.00% |
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Preferred Stock: |
39.33% |
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Tender Option Bonds: |
4.05% |
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Term Asset-Backed Loans Facility (TALF): |
0.00% |
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Total Fund Leverage: |
43.38%* |
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Average Effective Maturity: |
7.80 Years |
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Effective Duration: |
6.38 Years |
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Total Net Assets: |
$103.74 Million** |
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Common Stock Net Asset Value: |
$13.01 |
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Number of Holdings: |
68 |
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Portfolio Turnover: |
44% |
* The total percentage of leverage constitutes 4.05% through the use of tender option bonds, 39.33% in issued and outstanding preferred stock and 0.00% 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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