Alliance New York Municipal Income Fund Releases Monthly Portfolio Update


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


NEW YORK, May 22, 2015 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of April 30, 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

4.82%

2) Erie County Fiscal Stability Authority (Erie County Fiscal Stability Authority Sales Tax) Series 2011C 5.00%, 12/01/25

4.17%

3) Utility Debt Securitization Authority Series 2013T 5.00%, 12/15/30

4.17%

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

3.07%

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

2.92%

8) New York State Dormitory Authority (New York St Pers Income Tax) 5.00%, 3/15/26

2.91%

9) Idaho Housing & Finance Association (State of Idaho Fed Hwy Grant)  Series 2014 5.00%, 7/15/31

2.82%

10) New York City Water & Sewer System Series 2011HH 5.00%, 6/15/26

2.64%





Sector/Industry Breakdown

Portfolio %

Revenue


Toll Roads/Transit

10.90%

Water & Sewer

10.20%

Health Care - Not-for-Profit

9.82%

Higher Education - Private

9.66%

Revenue - Miscellaneous

8.22%

Electric Utility

7.58%

Airport

7.34%

Senior Living

3.69%

Higher Education - Public

1.23%

Industrial Development - Utility

0.23%

SUBTOTAL

68.87%

Tax Supported


Special Tax

19.63%

Tax-Supported State Lease

3.02%

Local G.O.

2.03%

Assessment District

0.42%

State G.O.

0.18%

SUBTOTAL

25.28%

Asset-Backed


Housing - Multi-Family

3.86%

SUBTOTAL

3.86%

Prerefunded/ETM

1.99%

Total

100.00%



State Breakdown

Portfolio %

New York

91.94%

Idaho

2.82%

Texas

2.04%

Florida

0.97%

Kansas

0.97%

Illinois

0.43%

Colorado

0.42%

Ohio

0.23%

California

0.18%

Total Investments

100.00%



Credit Quality Breakdown

Portfolio %

AAA

15.56%

AA

52.87%

A

18.78%

BBB

8.36%

BB

1.09%

Not Rated

1.35%

Pre-refunded Bonds

1.99%

Total Investments

100.00%



Bonds By Maturity

Portfolio %

Less than 1 year

0.00%

1 to 5 years

3.62%

5 to 10 years

5.87%

10 to 20 years

74.22%

20 to 30 years

14.32%

More than 30 years

1.97%

Other

0.00%

Total Investments

100.00%



Portfolio Statistics:


AMT Percentage:

10.30%

Average Coupon:

5.29%

Percentage of Leverage:


Bank Borrowing:

0.00%

Investment Operations:

0.00%

Preferred Stock:

36.77%

Tender Option Bonds:

3.79%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

40.56%*

Average Effective Maturity:

6.93 Years

Effective Duration:

5.96 Years

Total Net Assets:

$111.22 Million**

Common Stock Net Asset Value:

$14.56

Number of Holdings:

74

Portfolio Turnover:

42%



* The total percentage of leverage constitutes 3.79% through the use

of tender option bonds, 36.77% 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.

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/alliance-new-york-municipal-income-fund-releases-monthly-portfolio-update-300088053.html

SOURCE Alliance New York Municipal Income Fund, Inc.


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


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