NEW YORK, Dec. 29, 2017 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE:AKP), a registered closed‑end investment company, today announced earnings for the Fund's fourth fiscal quarter ended October 31, 2017.

Total net assets of the Fund* on October 31, 2017 were $161,456,826, as compared with $161,343,269 on July 31, 2017 and $165,418,278 on October 31, 2016.  On October 31, 2017, the net asset value per share of common stock was $15.38 based on 8,554,668 shares of common stock outstanding.

For the period August 1, 2017 through October 31, 2017, total net investment income was $1,188,529 or $0.14 per share of common stock. The total net realized and unrealized gain was $241,552 or $0.03 per share of common stock for the same period.

* Total net assets include assets attributable to both common and preferred shares.

Alliance California Municipal Income Fund, Inc. is managed by AllianceBernstein L.P.

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SOURCE Alliance California Municipal Income Fund, Inc.