Market Overview

Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

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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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