Alliance California Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Dec. 22, 2011 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (AKP) (the "Fund") today released its monthly portfolio update as of November 30, 2011.
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Alliance California Municipal Income Fund, Inc. |
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Top 10 Fixed-Income Holdings |
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Portfolio % |
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1) Los Angeles CA USD GO NPFGC Series 02E |
5.04% |
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5.125%, 1/01/27 (Prerefunded/ETM) |
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2) California GO 5.25%, 4/01/30 |
4.40% |
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(Prerefunded/ETM) |
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3) Los Angeles CA Wstwtr Sys 5.00%, 6/01/26 |
4.36% |
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4) Palo Alto CA Univ Ave AD Series 02A 5.875%, |
3.95% |
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9/02/30 |
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5) Los Angeles Cnty CA Met Trnsp Auth (Los |
3.68% |
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Angeles Cnty CA Mta Sales Tax) 5.00%, |
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7/01/25 |
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6) California Pub Wks Brd (Univ of California |
3.28% |
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Lease) Series 2011A 5.25%, 12/01/26 |
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7) Los Angeles CA Cmnty Redev Agy (Los Angeles CA |
3.26% |
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Cra Grand Ctrl) AMBAC Series 02 5.375%, |
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12/01/26 |
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8) Puerto Rico Hwy & Trnsp Auth Series 02D |
3.25% |
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5.375%, 7/01/36 (Prerefunded/ETM) |
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9) California Infra & Eco Dev Bk (YMCA of Metro |
3.09% |
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Los Angeles) AMBAC Series 01 5.25%, 2/01/32 |
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10) Los Angeles CA Harbor Dept 5.00%, 8/01/26 |
3.00% |
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Sector/Industry Breakdown |
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Revenue |
Portfolio % |
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Electric Utility |
7.44% |
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Water & Sewer |
6.98% |
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Health Care - Not-for-Profit |
6.67% |
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Revenue - Miscellaneous |
5.95% |
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Port |
5.18% |
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Higher Education - Public |
3.28% |
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Airport |
2.87% |
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Toll Roads/Transit |
1.98% |
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Higher Education - Private |
1.72% |
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Primary/Secondary Ed. - Private |
1.19% |
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Industrial Development - Utility |
0.20% |
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SUBTOTAL |
43.46% |
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Tax Supported |
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Special Tax |
10.44% |
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Assessment District |
6.50% |
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Tax-Supported Local Lease |
3.78% |
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Local G.O. |
3.50% |
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State G.O. |
2.20% |
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Tax-Supported State Lease |
1.71% |
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SUBTOTAL |
28.13% |
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Prerefunded/ETM |
18.53% |
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Insured/Guaranteed |
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Insured |
7.04% |
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SUBTOTAL |
7.04% |
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Asset-Backed |
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Housing - Multi-Family |
2.84% |
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SUBTOTAL |
2.84% |
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Total |
100.00% |
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State Breakdown |
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Portfolio % |
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California |
91.94% |
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Puerto Rico |
6.79% |
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Nevada |
1.07% |
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Ohio |
0.20% |
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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 |
10.18% |
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AAA(Pre-refunded Bonds) |
18.53% |
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AA |
40.07% |
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A |
18.89% |
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BBB |
9.61% |
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Not Rated |
2.72% |
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Total Investments |
100.00% |
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Portfolio Statistics: |
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AMT Percentage: |
13.93% |
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Average Coupon: |
5.65 |
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Percentage of Leverage: |
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Bank Borrowing: |
0.00% |
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Investment Operations: |
2.88% |
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Preferred Stock: |
37.58% |
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Tender Option Bonds: |
4.38% |
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Term Asset-Backed Loans Facility (TALF): |
0.00% |
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Total Fund Leverage: |
44.84%* |
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Average Maturity: |
5.86 Years |
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Effective Duration: |
5.11 Years |
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Total Net Assets: |
$193.04 Million** |
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Common Stock Net Asset Value: |
$14.11 |
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Number of Holdings: |
74 |
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* The total percentage of leverage constitutes 4.38% through the use of tender option bonds, 37.58% in issued and outstanding preferred stock and 2.88% 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 72,550,000 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 California Municipal Income Fund
