NEW YORK, June 29, 2018 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. AKP, a registered closed‑end investment company, today announced earnings for the Fund's second fiscal quarter ended April 30, 2018.

Total net assets of the Fund* on April 30, 2018 were $155,593,079, as compared with $158,730,228 on January 31, 2018 and $158,949,582 on April 30, 2017.  On April 30, 2018, the net asset value per share of common stock was $14.70 based on 8,554,668 shares of common stock outstanding.

For the period February 1, 2018 through April 30, 2018 total net investment income was $1,203,004 or $0.14 per share of common stock. The total net realized and unrealized loss was ($3,109,763) or ($0.36) 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.