NEW YORK, Nov. 27, 2012 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of October 31, 2012.
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Alliance California Municipal Income Fund, Inc. |
Top 10 Fixed-Income Holdings |
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| Portfolio % |
1) Los Angeles CA Wstwtr Sys 5.00%, 6/01/26 | 4.33% |
2) San Francisco City/Cnty CA Pub Util Wtr Series 2012C 5.00%, 11/01/26 | 4.31% |
3) Los Angeles Cnty CA Met Trnsp Auth (Los Angeles Cnty CA Mta Sales Tax) 5.00%, 7/01/25 | 3.68% |
4) California Pub Wks Brd (Univ of California Lease) Series 2011A 5.25%, 12/01/26 | 3.39% |
5) Los Angeles CA Cmnty Redev Agy (Los Angeles CA CRA Grand Ctrl) AMBAC Series 02 .375%, 12/01/26 | 3.07% |
6) Los Angeles CA Harbor Dept 5.00%, 8/01/26 | 2.99% |
7) Puerto Rico Sales Tax Fin Corp. Series 2011A 5.00%, 8/01/43 | 2.86% |
8) Port of Oakland CA Series 2012P 5.00%, 5/01/29 | 2.80% |
9) Clovis CA USD GO Series 2012A 5.00%, 8/01/28 | 2.42% |
10) San Diego Cnty CA Regl Trnsp Commn Series 2012A 5.00%, 4/01/28 | 2.40% |
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Sector/Industry Breakdown |
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| Portfolio % |
Revenue |
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Water & Sewer | 15.58% |
Port | 7.84% |
Electric Utility | 7.73% |
Revenue - Miscellaneous | 3.94% |
Higher Education - Public | 3.39% |
Health Care - Not-for-Profit | 3.14% |
Airport | 2.52% |
Higher Education - Private | 2.31% |
Primary/Secondary Ed. - Private | 1.48% |
Industrial Development - Utility | 0.19% |
SUBTOTAL | 48.12% |
Tax Supported |
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Special Tax | 21.46% |
Local G.O. | 9.79% |
Tax-Supported Local Lease | 3.34% |
State G.O. | 2.08% |
Assessment District | 1.97% |
Tax-Supported State Lease | 1.70% |
SUBTOTAL | 40.34% |
Insured/Guaranteed |
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Insured | 6.35% |
SUBTOTAL | 6.35% |
Asset-Backed |
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Housing - Multi-Family | 2.68% |
SUBTOTAL | 2.68% |
Prerefunded/ETM | 2.51% |
Total | 100.00% |
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State Breakdown |
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| Portfolio % |
California | 93.40% |
Puerto Rico | 4.39% |
Nevada | 1.02% |
Guam | 1.00% |
Ohio | 0.19% |
Total Investments | 100.00% |
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Credit Quality Breakdown |
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| Portfolio % |
AAA | 14.61% |
AA | 52.43% |
A | 23.40% |
BBB | 4.08% |
Not Rated | 2.97% |
Pre-refunded Bonds | 2.51% |
Total Investments | 100.00% |
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Portfolio Statistics: |
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AMT Percentage: | 14.18% |
Average Coupon: | 5.60% |
Percentage of Leverage: |
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Bank Borrowing: | 0.00% |
Investment Operations: | 4.87% |
Preferred Stock: | 36.05% |
Tender Option Bonds: | 4.20% |
Term Asset-Backed Loans Facility (TALF): | 0.00% |
Total Fund Leverage: | 45.12%* |
Average Effective Maturity: | 6.40 Years |
Effective Duration: | 5.70 Years |
Total Net Assets: | $201.26 Million** |
Common Stock Net Asset Value: | $15.05 |
Number of Holdings: | 81 |
Portfolio Turnover: | 14% |
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* The total percentage of leverage constitutes 4.20% through the use of tender option bonds, 36.05% in issued and outstanding preferred stock and 4.87% 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, Inc.