Alliance California Municipal Income Fund Releases Monthly Portfolio Update

Published

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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