Alliance California Municipal Income Fund Releases Monthly Portfolio Update

NEW YORK, May 24, 2019 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of April 30, 2019.

Alliance California Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings		Portfolio %
1) State of California    Series 2009A  0.68%, 5/01/33		3.52%
2) State of California    Series 2004A5  0.42%, 5/01/34		3.52%
3) San Diego Public Facilities Financing Authority    Series 2010A  5.00%, 5/15/36		2.78%
4) San Diego Unified School District/CA    Series 2013C  5.00%, 7/01/32		2.71%
5) Bay Area Toll Authority    Series 2013S  5.00%, 4/01/33 (Prerefunded/ETM)		2.67%
6) Port of Los Angeles    Series 2009C  5.00%, 8/01/26		2.63%
7) San Francisco City & County Public Utilities Commission Wastewater Revenue    Series 2013B  5.00%, 10/01/32		2.47%
8) San Diego County Water Authority    Series 2013  5.00%, 5/01/31		2.25%
9) University of California    Series 2012G  5.00%, 5/15/31		2.24%
10) California Statewide Communities Development Authority(Buck Institute for Research on Aging)  AGM  Series 2014  5.00%, 11/15/44		2.11%
Sector/Industry Breakdown		Portfolio %
Revenue
Revenue - Miscellaneous		6.37%
Water & Sewer		5.33%
Health Care - Not-for-Profit		4.10%
Port		2.63%
Tobacco Securitization		2.33%
Higher Education - Public		2.24%
Airport		2.06%
Electric Utility		1.81%
Toll Roads/Transit		1.62%
Senior Living		1.60%
Higher Education - Private		1.55%
Primary/Secondary Ed. - Public		0.76%
SUBTOTAL		32.40%
U.S. Treasury		23.42%
Tax Supported
Local G.O.		8.31%
Tax-Supported Local Lease		5.93%
Special Tax		4.46%
Assessment District		2.70%
State G.O.		1.06%
SUBTOTAL		22.46%
Note/VRDBs
Money Market		12.33%
SUBTOTAL		12.33%
Prerefunded/ETM		9.39%
Total		100.00%
State Breakdown		Portfolio %
California		71.78%
New York		1.62%
New Jersey		1.23%
Illinois		0.54%
Missouri		0.51%
Pennsylvania		0.51%
Guam		0.39%
Other		23.42%
Total Investments		100.00%
Credit Quality Breakdown		Portfolio %
AAA		6.58%
AA		29.76%
A		10.15%
BBB		6.15%
BB		2.16%
Not Rated		0.07%
Pre-refunded Bonds		9.39%
Short-Term Investments		35.74%
Total Investments		100.00%
Bonds By Maturity		Portfolio %
Less than 1 year		35.74%
1 to 5 years		0.00%
5 to 10 years		9.23%
10 to 20 years		41.36%
20 to 30 years		12.51%
More Than 30 years		1.16%
Other		0.00%
Total Investments		100.00%
Portfolio Statistics:
AMT Percent:		3.85%
Average Coupon:		3.24%
Percentage of Leverage:
Bank Borrowing:		0.00%
Investment Operations:		0.00%
Auction Preferred Shares (APS):		17.51%
Tender Option Bonds:		4.68%
Variable Rate MuniFund Term Preferred Shares (VMTPs):		23.51%
Total Fund Leverage:		45.70%*
Average Effective Maturity:		3.20  Years
Effective Duration:		2.80  Years
Total Net Assets:		$158.15 Million**
Common Stock Net Asset Value:		$14.99
Number of Holdings:		72
Portfolio Turnover:		17%
* The total percentage of leverage constitutes 4.68% through the use of tender option bonds, 17.51% in issued and outstanding APS,23.51%  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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