Alliance California Municipal Income Fund (AKP) - NYSE
  • Wed, Jun. 15, 3:32 AM
    • California has overtaken France as the world’s sixth-largest economy, growing by 4.1% in 2015.
    • The most-populous U.S. state, with a gross domestic product of $2.5T, has also eclipsed recession-plagued Brazil.
    • "This is the result of both good growth in California and exchange-rate movements of the dollar vs. other currencies," said Irena Asmundson, chief economist of the California Department of Finance.
    • ETFs: PCK, VCV, NAC, BFZ, PZC, PCQ, MCA, NKX, MUC, CMF, MYC, CCA, NZH, EVM, NCA, NVX, CEV, EIA, AKP, PWZ, BJZ, NXC, CXA, NBW, NCB
    | Wed, Jun. 15, 3:32 AM | 20 Comments
  • Jul. 3, 2015, 3:17 AM
    • Marking another sign of the state's financial recovery, the one-notch upgrade to "AA-" from "A+" gives California GO debt the highest rating from S&P since 2000 - when the dot-com bust hammered the state's economy.
    • California's new budget, "marks another step forward in the state's journey toward improved fiscal sustainability," said the agency's report.
    • California now outranks Illinois and New Jersey and is tied with Michigan and Pennsylvania.
    • ETFs: PCK, VCV, BFZ, PCQ, PZC, MCA, NAC, NKX, MUC, CMF, MYC, CCA, NZH, EVM, PWZ, AKP, NCA, NVX, CEV, EIA, BJZ, CXA, NXC, NCB, NBW
    | Jul. 3, 2015, 3:17 AM | 8 Comments
Company Description
The Fund will seek to provide high current income which is exempt from regular Federal and California income tax. The Fund will invest at least 80% of its total assets in municipal bonds paying interest that is exempt from regular federal and California in
Sector: Financial
Industry: Closed-End Fund - Debt
Country: United States