Alliance California Municipal Income Fund Releases Monthly Portfolio Update

NEW YORK, March 25, 2019 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. [NYSE: AKP] (the "Fund") today released its monthly portfolio update as of February 28, 2019.

Alliance California Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings		Portfolio %
1) Los Angeles Department of Water    Series 2013B  5.00%, 7/01/32		3.45%
2) Los Angeles County Metropolitan Transportation Authority  (Los Angeles County Metropolitan Transportation Authority Sales Tax)  Series 2009  5.00%, 7/01/25		3.36%
3) San Diego Public Facilities Financing Authority    Series 2010A  5.00%, 5/15/36		2.87%
4) San Diego Unified School District/CA    Series 2013C  5.00%, 7/01/32		2.86%
5) Bay Area Toll Authority    Series 2013S  5.00%, 4/01/33 (Prerefunded/ETM)		2.82%
6) Port of Los Angeles    Series 2009C  5.00%, 8/01/26		2.79%
7) San Francisco City & County Public Utilities Commission Wastewater Revenue    Series 2013B  5.00%, 10/01/32		2.61%
8) University of California    Series 2012G  5.00%, 5/15/31		2.38%
9) San Diego County Water Authority    Series 2013  5.00%, 5/01/31		2.37%
10) California Statewide Communities Development Authority(Buck Institute for Research on Aging) AGM  Series 2014  5.00%, 11/15/44		2.21%
Sector/Industry Breakdown		Portfolio %
Revenue
Revenue - Miscellaneous		10.86%
Health Care - Not-for-Profit		10.07%
Water & Sewer		9.06%
Primary/Secondary Ed. - Public		5.05%
Higher Education - Private		3.79%
Toll Roads/Transit		3.76%
Airport		3.53%
Electric Utility		2.95%
Port		2.79%
Tobacco Securitization		2.43%
Higher Education - Public		2.38%
Senior Living		1.67%
Primary/Secondary Ed. - Private		1.37%
SUBTOTAL		59.71%
Tax Supported
Local G.O.		9.91%
Special Tax		8.98%
Tax-Supported Local Lease		6.14%
Assessment District		2.83%
State G.O.		1.12%
SUBTOTAL		28.98%
Prerefunded/ETM		9.93%
Asset-Backed
Housing - Multi-Family		1.25%
SUBTOTAL		1.25%
Cash Equivalents
Investment Companies		0.13%
SUBTOTAL		0.13%
Total		100.00%
State Breakdown		Portfolio %
California		92.45%
New York		1.67%
Florida		1.44%
Guam		1.44%
New Jersey		1.26%
Illinois		0.55%
Missouri		0.53%
Pennsylvania		0.53%
Other		0.13%
Total Investments		100.00%
Credit Quality Breakdown		Portfolio %
AAA		11.22%
AA		38.37%
A		16.93%
BBB		16.45%
BB		3.09%
B		1.25%
Not Rated		2.63%
Pre-refunded Bonds		9.93%
Short-Term Investments		0.13%
Total Investments		100.00%
Bonds By Maturity		Portfolio %
Less than 1 year		0.13%
1 to 5 years		0.00%
5 to 10 years		13.13%
10 to 20 years		55.92%
20 to 30 years		26.69%
More Than 30 years		4.13%
Other		0.00%
Total Investments		100.00%
Portfolio Statistics:
AMT Percent:		3.49%
Average Coupon:		5.15%
Percentage of Leverage:
Bank Borrowing:		0.00%
Investment Operations:		0.00%
Auction Preferred Shares (APS):		15.41%
Tender Option Bonds:		4.11%
Variable Rate MuniFund Term Preferred Shares (VMTPs):		20.70%
Total Fund Leverage:		40.22%*
Average Effective Maturity:		5.11  Years
Effective Duration:		4.43  Years
Total Net Assets:		$156.04 Million**
Common Stock Net Asset Value:		$14.75
Number of Holdings:		87
Portfolio Turnover:		17%
* The total percentage of leverage constitutes 4.11% through the use of tender option bonds, 15.41% in issued and outstanding APS,20.70%  in issued and outstanding VMTPs 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 $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.

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