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 % |
|
| 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 |
||
| 4) New York St Thruway Auth (New York St Thruway |
3.94% |
|
| Auth Ded Tax) Series 2011A 5.00%, 4/01/25 |
||
| 5) Tobacco Settlement Fin Corp. NY (New York St |
3.64% |
|
| Lease Tobacco Asset Sec) AMBAC Series 03A-1 |
||
| 5.25%, 6/01/21 |
||
| 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% |
|
| Income Tax) Series 2011A 5.00%, 3/15/26 |
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| Sector/Industry Breakdown |
Portfolio % |
|
| Tax Supported |
||
| Special Tax |
32.41% |
|
| Local G.O. |
9.25% |
|
| Tax-Supported State Lease |
5.58% |
|
| State G.O. |
1.54% |
|
| Assessment District |
0.41% |
|
| SUBTOTAL |
49.19% |
|
| Revenue |
||
| Water & Sewer |
10.75% |
|
| Toll Roads/Transit |
7.68% |
|
| Health Care - Not-for-Profit |
5.54% |
|
| Airport |
4.74% |
|
| 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 |
||
| Investment Companies |
4.57% |
|
| SUBTOTAL |
4.57% |
|
| Asset-Backed |
||
| 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% |
|
| California |
0.18% |
|
| Other |
4.57% |
|
| Total Investments |
100.00% |
|
| Credit Quality Breakdown |
Portfolio % |
|
| AAA |
22.52% |
|
| AA |
47.72% |
|
| A |
14.15% |
|
| BBB |
4.28% |
|
| BB |
0.40% |
|
| Not Rated |
1.19% |
|
| Pre-refunded Bonds |
5.17% |
|
| Short Term Investments |
4.57% |
|
| Total Investments |
100.00% |
|
| Bonds By Maturity |
Portfolio % |
|
| Less than 1 year |
9.34% |
|
| 1 to 5 years |
0.36% |
|
| 5 to 10 years |
11.15% |
|
| 10 to 20 years |
73.34% |
|
| 20 to 30 years |
5.81% |
|
| More than 30 years |
0.00% |
|
| Other |
0.00% |
|
| Total Investments |
100.00% |
|
| Portfolio Statistics: |
||
| AMT Percentage: |
9.55% |
|
| Average Coupon: |
5.31% |
|
| Percentage of Leverage: |
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| Bank Borrowing: |
0.00% |
|
| Investment Operations: |
0.00% |
|
| Preferred Stock: |
39.33% |
|
| Tender Option Bonds: |
4.05% |
|
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
|
| Total Fund Leverage: |
43.38%* |
|
| Average Effective Maturity: |
7.80 Years |
|
| Effective Duration: |
6.38 Years |
|
| Total Net Assets: |
$103.74 Million** |
|
| 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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