NEW YORK, Nov. 27, 2017 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of October 31, 2017.
Alliance California Municipal Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio % 1) University of California Series 2012G 5.00%, 5/15/31 4.44% 2) Los Angeles Department of Water & Power WTR Series 2013B 5.00%, 7/01/32 3.50% 3) Los Angeles County Metropolitan Transportation Authority (Los Angeles County Metropolitan Transportation Authority Sales Tax) Series 2009 5.00%, 7/01/25 3.44% 4) San Diego Unified School District/CA Series 2013C 5.00%, 7/ 01/32 2.89% 5) Bay Area Toll Authority Series 2013S 5.00%, 4/01/33 (Prerefunded/ETM) 2.86% 6) Port of Los Angeles Series 2009C 5.00%, 8/01/26 2.86% 7) San Diego Public Facilities Financing Authority 5.00%, 5/15/36 2.86% 8) Metropolitan Transportation Authority Series 2014C 5.00%, 11/15/32 2.71% 9) City of San Francisco CA Public Utilities Commission Wastewater Revenue Series 2013B 5.00%, 10/01/32 2.62% 10) San Diego County Water Authority Financing Corp. Series 2013 5.00%, 5/01/31 2.43% Sector/Industry Breakdown Portfolio % Revenue Water & Sewer 9.34% Revenue - Miscellaneous 8.64% Health Care - Not-for- Profit 8.56% Toll Roads/Transit 4.79% Higher Education - Public 4.44% Electric Utility 4.40% Port 3.74% Airport 3.03% Primary/Secondary Ed. - Public 2.93% Senior Living 1.64% Higher Education - Private 1.62% Primary/Secondary Ed. - Private 1.41% SUBTOTAL 54.54% Tax Supported Special Tax 13.07% Local G.O. 9.54% Tax-Supported Local Lease 9.26% Assessment District 4.11% State G.O. 2.85% SUBTOTAL 38.83% Prerefunded/ETM 5.21% Asset-Backed Housing - Multi-Family 1.29% SUBTOTAL 1.29% Cash Equivalents Investment Companies 0.13% SUBTOTAL 0.13% Total 100.00% State Breakdown Portfolio % California 92.50% New York 2.71% Florida 1.44% Guam 1.00% Minnesota 0.61% New Jersey 0.54% Pennsylvania 0.54% Missouri 0.53% Other 0.13% Total Investments 100.00% Credit Quality Breakdown Portfolio % AAA 10.46% AA 56.55% A 10.60% BBB 13.08% B 1.29% Not Rated 2.68% Pre-refunded Bonds 5.21% Short-Term Investments 0.13% Total Investments 100.00% Bonds By Maturity Portfolio % Less than 1 year 0.13% 1 to 5 years 0.28% 5 to 10 years 10.81% 10 to 20 years 69.31% 20 to 30 years 19.47% More Than 30 years 0.00% Other 0.00% Total Investments 100.00% Portfolio Statistics: AMT Percent: 4.06% Average Coupon: 5.17% Percentage of Leverage: Bank Borrowing: 0.00% Investment Operations: 0.00% Auction Preferred Shares (APS): 15.02% Tender Option Bonds: 4.01% Variable Rate MuniFund Term Preferred Shares (VMTPs): 20.17% Total Fund Leverage: 39.20%* Average Effective Maturity: 5.93 Years Effective Duration: 5.25 Years Total Net Assets: $161.46 Million** Common Stock Net Asset Value: $15.38 Number of Holdings: 86 Portfolio Turnover: 12% * The total percentage of leverage constitutes 4.01% through the use of tender option bonds, 15.02% in issued and outstanding APS,20.17% 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.