NEW YORK, Jan. 23, 2017 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc.(NYSE: AKP) (the "Fund") today released its monthly portfolio update as of December 31,2016.
Alliance California Municipal Income Fund, Inc Top 10 Fixed-Income Holdings Portfolio % 1) University of California Series 2012G 5.00%, 5/15/31 4.40% 2) Los Angeles County Metropolitan Transportation Authority 3.57% (Los Angeles County Metropolitan Transportation Authority Sales Tax) Series 2009 5.00%, 7/01/25 3) Los Angeles Department of Water & Power WTR Series 2013B 5.00%, 7/01/32 3.50% 4) Los Angeles Community Redevelopment Agency(Los Angeles Community Redevelopment 3.27% Agency Sales Tax) AMBAC Series 2002A 5.375%, 12/01/26 5) Port of Los Angeles Series 2009C 5.00%, 8/01/26 2.96% 6) San Diego Unified School District/CA Series 2013C 5.00%, 7/01/32 2.90% 7) San Diego Public Facilities Financing Authority 5.00%, 5/15/36 2.82% 8) Bay Area Toll Authority Series 2013S 5.00%, 4/01/33 2.76% 9) Metropolitan Transportation Authority Series 2014C 5.00%, 11/15/32 2.66% 10) City of San Francisco CA Public Utilities Commission Wastewater Revenue Series 2013B 5.00%, 10/01/32 2.62% Sector/Industry Breakdown Portfolio % Revenue Water & Sewer 9.32% Revenue - Miscellaneous 7.98% Toll Roads/Transit 7.46% Electric Utility 4.95% Higher Education - Public 4.40% Health Care - Not-for-Profit 3.72% Port 2.96% Primary/Secondary Ed. - Public 2.53% Airport 2.23% Senior Living 1.65% Higher Education - Private 1.58% Primary/Secondary Ed. - Private 1.45% SUBTOTAL 50.23% Tax Supported Special Tax 14.70% Local G.O 12.23% Tax-Supported Local Lease 9.10% Assessment District 5.36% State G.O 1.11% SUBTOTAL 42.50% Prerefunded/ETM 4.58% Cash Equivalents Investment Companies 1.42% SUBTOTAL 1.42% Asset-Backed Housing - Multi-Family 1.27% SUBTOTAL 1.27% Total 100.00% State Breakdown Portfolio % California 90.43% New York 2.66% Florida 1.94% Guam 1.00% Nevada 0.89% Minnesota 0.61% Missouri 0.54% Pennsylvania 0.51% Ohio 0.00% Other 1.42% Total Investments 100.00% Credit Quality Breakdown Portfolio % AAA 11.12% AA 58.49% A 10.91% BBB 9.17% B 1.27% Not Rated 3.04% Pre-refunded Bonds 4.58% Short-Term Investments 1.42% Total Investments 100.00% Bonds By Maturity Portfolio % Less than 1 year 1.42% 1 to 5 years 1.18% 5 to 10 years 12.57% 10 to 20 years 68.94% 20 to 30 years 15.89% More Than 30 years 0.00% Other 0.00% Total Investments 100.00% Portfolio Statistics: AMT Percent: 7.16% Average Coupon: 5.15% Percentage of Leverage: Bank Borrowing: 0.00% Investment Operations: 1.15% Auction Preferred Shares (APS): 15.45% Tender Option Bonds: 4.13% Variable Rate MuniFund Term Preferred Shares (VMTPs): 20.76% Total Fund Leverage: 41.49%* Average Effective Maturity: 6.70 Years Effective Duration: 5.21 Years Total Net Assets: $155.84 Million** Common Stock Net Asset Value: $14.73 Number of Holdings: 79 Portfolio Turnover: 12% * The total percentage of leverage constitutes 4.13% through the use of tender option bonds, 15.45% in issued and outstanding APS,20.76% in issued and outstanding VMTPs and 1.150% 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 $29,875,000 of APS at liquidation value.The Fund also had outstanding $40,125,000 of VMTPs at liquidation value, which is not included in Total Net Assets because it is treated as a liability for financial reporting purposes. 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.
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SOURCE Alliance California Municipal Income Fund, Inc.