ALLIANCE NEW YORK MUNICIPAL INCOME FUND, NEW YORK, March 27, 2015 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of February 28, 2015.
Alliance New York Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings
Portfolio %
1) Port Authority of New York & New Jersey
Series 2012 5.00%, 10/01/34 4.83%
2) Utility Debt Securitization Authority
Series 2013T 5.00%, 12/15/30 4.19%
3) Erie County Fiscal Stability Authority
(Erie County Fiscal Stability Authority
Sales Tax) Series 2011C 5.00%, 12/01/25 4.16%
4) New York State Thruway Authority (New
York State Thruway Authority Ded Tax)
Series 2011A 5.00%, 4/01/31 3.97%
5) New York State Dormitory Authority (New
York State Dormitory Authority Lease)
Series 2013A 5.25%, 7/01/30 3.08%
6) New York State Dormitory Authority
(State of New York Pers Income Tax)
Series 2012A 5.00%, 6/15/31 3.04%
7) New York State Thruway Authority (New
York State Thruway Authority Gen Toll
Road) Series 2014J 5.00%, 1/01/41 2.93%
8) New York St Dormitory Auth (New York St
Pers Income Tax) 5.00%, 3/15/26 2.89%
9) Idaho Housing & Finance Association
(State of Idaho Fed Hwy Grant) Series
2014 5.00%, 7/15/31 2.82%
10) New York State Dormitory Authority
(State University of New York) Series
2011A 5.00%, 7/01/31 2.75%
Sector/Industry Breakdown Portfolio %
Revenue
Toll Roads/Transit 10.94%
Water & Sewer 10.17%
Health Care - Not-for-Profit 9.79%
Higher Education - Private 8.43%
Revenue - Miscellaneous 8.22%
Electric Utility 7.62%
Airport 7.35%
Higher Education - Public 3.98%
Senior Living 3.66%
Industrial Development - Utility 0.22%
SUBTOTAL 70.38%
Tax Supported
Special Tax 19.62%
Local G.O. 2.07%
Tax-Supported State Lease 2.04%
Assessment District 0.42%
State G.O. 0.17%
SUBTOTAL 24.32%
Asset-Backed
Housing - Multi-Family 3.83%
SUBTOTAL 3.83%
Prerefunded/ETM 1.22%
Cash Equivalents
Investment Companies 0.25%
SUBTOTAL 0.25%
Total 100.00%
State Breakdown Portfolio %
New York 92.68%
Idaho 2.82%
Texas 2.04%
Florida 0.98%
Illinois 0.42%
Colorado 0.42%
Ohio 0.22%
California 0.17%
Other 0.25%
Total Investments 100.00%
Credit Quality Breakdown Portfolio %
AAA 15.57%
AA 55.39%
A 18.82%
BBB 6.35%
BB 1.08%
Not Rated 1.32%
Pre-refunded Bonds 1.22%
Short Term Investments 0.25%
Total Investments 100.00%
Bonds By Maturity Portfolio %
Less than 1 year 0.25%
1 to 5 years 2.84%
5 to 10 years 5.84%
10 to 20 years 76.74%
20 to 30 years 14.33%
More than 30 years 0.00%
Other 0.00%
Total Investments 100.00%
Portfolio Statistics:
AMT Percentage: 9.36%
Average Coupon: 5.33%
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 0.00%
Preferred Stock: 36.35%
Tender Option Bonds: 3.74%
Term Asset-Backed Loans Facility (TALF): 0.00%
Total Fund Leverage: 40.09%*
Average Effective Maturity: 6.95 Years
Effective Duration: 5.98 Years
Total Net Assets: $112.24 Million**
Common Stock Net Asset Value: $14.77
Number of Holdings: 74
Portfolio Turnover: 42%
* The total percentage of leverage constitutes 3.74% through the use of tender option bonds, 36.35% in issued and outstanding preferred stock 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 40,800,000 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.
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SOURCE Alliance New York Municipal Income Fund, Inc.
