NEW YORK, Sept. 26, 2016 /PRNewswire/ -- Alliance
California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund")
today released its monthly portfolio update as of August 31, 2016.
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Alliance California
Municipal Income Fund, Inc.
|
|
|
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Top 10 Fixed-Income
Holdings
|
Portfolio
%
|
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1) University of
California Series 2012G 5.00%, 5/15/31
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4.51%
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2) Los Angeles
Department of Water & Power WTR Series 2013B 5.00%,
7/01/32
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3.55%
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3) Los Angeles County
Metropolitan Transportation Authority (Los Angeles County
Metropolitan Transportation Authority Sales Tax) Series 2009 5.00%,
7/01/25
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3.50%
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4) Los Angeles
Community Redevelopment Agency (Los Angeles Community Redevelopment
Agency Sales Tax) AMBAC Series 2002A 5.375%, 12/01/26
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3.11%
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5) San Diego Public
Facilities Financing Authority 5.00%, 5/15/36
|
2.93%
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6) San Diego Unified
School District/CA Series 2013C 5.00%, 7/01/32
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2.91%
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7) Port of Los
Angeles Series 2009C 5.00%, 8/01/26
|
2.90%
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8) Bay Area Toll
Authority Series 2013S 5.00%, 4/01/33
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2.81%
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9) Metropolitan
Transportation Authority Series 2014C 5.00%, 11/15/32
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2.72%
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10) City of San
Francisco CA Public Utilities Commission Wastewater Revenue Series
2013B 5.00%, 10/01/32
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2.65%
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Sector/Industry
Breakdown
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Portfolio
%
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Revenue
|
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Revenue -
Miscellaneous
|
9.75%
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Water &
Sewer
|
9.46%
|
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Toll
Roads/Transit
|
7.65%
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Higher Education -
Public
|
4.51%
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Electric
Utility
|
4.46%
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Health Care -
Not-for-Profit
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3.72%
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Port
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2.90%
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Primary/Secondary Ed.
- Public
|
2.61%
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Senior
Living
|
1.69%
|
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Higher Education -
Private
|
1.68%
|
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Airport
|
1.66%
|
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Primary/Secondary Ed.
- Private
|
1.45%
|
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SUBTOTAL
|
51.54%
|
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Tax
Supported
|
|
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Special
Tax
|
15.12%
|
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Local G.O.
|
13.14%
|
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Tax-Supported Local
Lease
|
8.21%
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Assessment
District
|
2.63%
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State G.O.
|
1.15%
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SUBTOTAL
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40.25%
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Prerefunded/ETM
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5.49%
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Asset-Backed
|
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Housing -
Multi-Family
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2.56%
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SUBTOTAL
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2.56%
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Cash
Equivalents
|
|
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Investment
Companies
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0.16%
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SUBTOTAL
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0.16%
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Total
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100.00%
|
|
|
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State
Breakdown
|
Portfolio
%
|
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California
|
90.92%
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New York
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2.72%
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Florida
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2.04%
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Guam
|
1.05%
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Nevada
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0.86%
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Minnesota
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0.61%
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Pennsylvania
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0.55%
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Indiana
|
0.54%
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Missouri
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0.54%
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Ohio
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0.01%
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Other
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0.16%
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Total
Investments
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100.00%
|
|
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Credit Quality
Breakdown
|
Portfolio
%
|
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AAA
|
11.77%
|
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AA
|
57.73%
|
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A
|
11.19%
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BBB
|
10.57%
|
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B
|
1.28%
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Not Rated
|
1.81%
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Pre-refunded
Bonds
|
5.49%
|
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Short Term
Investments
|
0.16%
|
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Total
Investments
|
100.00%
|
|
|
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Bonds By
Maturity
|
Portfolio
%
|
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Less than 1
year
|
0.16%
|
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1 to 5
years
|
2.13%
|
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5 to 10
years
|
6.69%
|
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10 to 20
years
|
72.85%
|
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20 to 30
years
|
18.17%
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More than 30
years
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0.00%
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Other
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0.00%
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Total
Investments
|
100.00%
|
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Portfolio
Statistics:
|
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AMT
Percentage:
|
8.55%
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Average
Coupon:
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5.17%
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Percentage of
Leverage:
|
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Bank
Borrowing:
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0.00%
|
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Investment
Operations:
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0.00%
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Auction Preferred
Shares (APS):
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14.49%
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Tender Option
Bonds:
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3.87%
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Variable Rate
MuniFund Term Preferred Shares (VMTPs):
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19.46%
|
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Total Fund
Leverage:
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37.82%*
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Average Effective
Maturity:
|
6.47 Years
|
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Effective
Duration:
|
5.14 Years
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Total Net
Assets:
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$168.56
Million**
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Common Stock Net
Asset Value:
|
$16.21
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Number of
Holdings:
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74
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Portfolio
Turnover:
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18%
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* The total percentage of leverage constitutes 3.87% through the
use of tender option bonds, 14.49% in issued and outstanding APS,
19.46% 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.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/alliance-california-municipal-income-fund-300334176.html
SOURCE Alliance California Municipal Income Fund, Inc.