Market Overview

Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

NEW YORK, Dec. 24, 2012 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of November 30, 2012.

Alliance New York Municipal Income Fund, Inc.


Top 10 Fixed-Income Holdings 

Portfolio %

1) Port Authority of NY & NJ 5.00%, 10/01/27

5.05%

2) New York St Dormitory Auth (Maimonides Med Ctr) NPFGC Series 04 5.75%, 8/01/29

4.50%

3) Erie Cnty NY Fiscal Stability Auth (Erie Cnty Ny Sales Tax) Series 2011C 5.00%, 12/01/25

4.19%

4) New York St Thruway Auth (New York St Thruway Auth Ded Tax) Series 2011A 5.00%, 4/01/25

4.15%

5) Puerto Rico Sales Tax Fin Corp. Series 2009A 5.50%, 8/01/28

3.81%

6) Tobacco Settlement Fin Corp. NY (New York St  Lease Tobacco Asset Sec) AMBAC Series 03A-1 5.25%, 6/01/21

3.47%

7) New York St Envrn Fac Corp. 5.00%, 8/15/24 

3.24%

8) New York St Thruway Auth (New York St Pers Income Tax) Series 2011A 5.00%, 3/15/26

3.14%

9) New York NY Trnsl Fin Auth   Series 2002B  5.00%, 2/01/27

3.13%

10) New York NY Trnsl Fin Auth 5.00%, 5/01/27

3.11%



Sector/Industry Breakdown

Portfolio %

Tax Supported



Special Tax

33.42%


Local G.O.

12.58%


Tax-Supported State Lease

5.56%


State G.O.

2.32%


Assessment District

0.42%

SUBTOTAL

54.30%

Revenue



Health Care - Not-for-Profit

10.91%


Water & Sewer

10.40%


Toll Roads/Transit

8.23%


Airport

5.05%


Higher Education - Private

3.66%


Electric Utility

1.97%


Senior Living

1.69%


Industrial Development - Industry

0.47%


Industrial Development - Utility

0.21%

SUBTOTAL

42.59%

Asset-Backed



Housing - Multi-Family

1.78%


Housing - Single Family

1.18%

SUBTOTAL

2.96%

Cash Equivalents



Investment Companies

0.11%

SUBTOTAL

0.11%

Prerefunded/ETM

0.04%

Total

100.00%




State Breakdown

Portfolio %

New York

91.64%

Puerto Rico

6.48%

California

0.87%

Colorado

0.42%

Illinois

0.27%

Ohio

0.21%

Other

0.11%

Total Investments

100.00%




Credit Quality Breakdown

Portfolio %

AAA

28.76%

AA

44.83%

A

13.84%

BBB

9.95%

BB

0.47%

Not Rated

2.00%

Pre-refunded Bonds

0.04%

Short Term Investments

0.11%

Total Investments

100.00%




Portfolio Statistics:


AMT Percentage:

9.34%

Average Coupon:

5.37%

Percentage of Leverage:



Bank Borrowing:

0.00%


Investment Operations:

0.00%


Preferred Stock:

35.40%


Tender Option Bonds:

3.64%


Term Asset-Backed Loans Facility (TALF):

0.00%


Total Fund Leverage:

39.04%*


Average Effective Maturity:

6.70 Years


Effective Duration:

5.83 Years


Total Net Assets:

$115.27 Million**


Common Stock Net Asset Value:

$15.40


Number of Holdings:

68


Portfolio Turnover:

15%







* The total percentage of leverage constitutes 3.64% through the use of tender option bonds, 35.40% 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.


 

SOURCE Alliance New York Municipal Income Fund, Inc.

 

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