Alliance California Municipal Income Fund Releases Monthly Portfolio Update

NEW YORK, March 25, 2019 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. AKP (the "Fund") today released its monthly portfolio update as of February 28, 2019.

Alliance California Municipal Income Fund, Inc.















Top 10 Fixed-Income Holdings



Portfolio %

1) Los Angeles Department of Water    Series 2013B  5.00%, 7/01/32

3.45%

2) Los Angeles County Metropolitan Transportation Authority  (Los Angeles County

Metropolitan Transportation Authority Sales Tax)  Series 2009  5.00%, 7/01/25

3.36%

3) San Diego Public Facilities Financing Authority    Series 2010A  5.00%, 5/15/36

2.87%

4) San Diego Unified School District/CA    Series 2013C  5.00%, 7/01/32

2.86%

5) Bay Area Toll Authority    Series 2013S  5.00%, 4/01/33 (Prerefunded/ETM)

2.82%

6) Port of Los Angeles    Series 2009C  5.00%, 8/01/26

2.79%

7) San Francisco City & County Public Utilities Commission Wastewater Revenue   

Series 2013B  5.00%, 10/01/32

2.61%

8) University of California    Series 2012G  5.00%, 5/15/31

2.38%

9) San Diego County Water Authority    Series 2013  5.00%, 5/01/31

2.37%

10) California Statewide Communities Development Authority(Buck Institute for

Research on Aging) AGM  Series 2014  5.00%, 11/15/44

2.21%







Sector/Industry Breakdown



Portfolio %

Revenue





Revenue - Miscellaneous



10.86%

Health Care - Not-for-Profit



10.07%

Water & Sewer



9.06%

Primary/Secondary Ed. - Public



5.05%

Higher Education - Private



3.79%

Toll Roads/Transit



3.76%

Airport



3.53%

Electric Utility



2.95%

Port



2.79%

Tobacco Securitization



2.43%

Higher Education - Public



2.38%

Senior Living



1.67%

Primary/Secondary Ed. - Private



1.37%

SUBTOTAL



59.71%

Tax Supported





Local G.O.



9.91%

Special Tax



8.98%

Tax-Supported Local Lease



6.14%

Assessment District



2.83%

State G.O.



1.12%

SUBTOTAL



28.98%

Prerefunded/ETM



9.93%

Asset-Backed





Housing - Multi-Family



1.25%

SUBTOTAL



1.25%

Cash Equivalents





Investment Companies



0.13%

SUBTOTAL



0.13%

Total



100.00%







State Breakdown



Portfolio %

California



92.45%

New York



1.67%

Florida



1.44%

Guam



1.44%

New Jersey



1.26%

Illinois



0.55%

Missouri



0.53%

Pennsylvania



0.53%

Other



0.13%

Total Investments



100.00%







Credit Quality Breakdown



Portfolio %

AAA



11.22%

AA



38.37%

A



16.93%

BBB



16.45%

BB



3.09%

B



1.25%

Not Rated



2.63%

Pre-refunded Bonds



9.93%

Short-Term Investments



0.13%

Total Investments



100.00%







Bonds By Maturity



Portfolio %

Less than 1 year



0.13%

1 to 5 years



0.00%

5 to 10 years



13.13%

10 to 20 years



55.92%

20 to 30 years



26.69%

More Than 30 years



4.13%

Other



0.00%

Total Investments



100.00%







Portfolio Statistics:





AMT Percent:



3.49%

Average Coupon:



5.15%

Percentage of Leverage:





Bank Borrowing:



0.00%

Investment Operations:



0.00%

Auction Preferred Shares (APS):



15.41%

Tender Option Bonds:



4.11%

Variable Rate MuniFund Term Preferred Shares (VMTPs):

20.70%

Total Fund Leverage:



40.22%*

Average Effective Maturity:



5.11  Years

Effective Duration:



4.43  Years

Total Net Assets:



$156.04 Million**

Common Stock Net Asset Value:



$14.75

Number of Holdings:



87

Portfolio Turnover:



17%







* The total percentage of leverage constitutes 4.11% through the use of tender option bonds,

15.41% in issued and outstanding APS,20.70%  in issued and outstanding VMTPs 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 $29,875,000 of APS at liquidation value.The Fund also had outstanding $40,125,000

of VMTPs at liquidation value, which is not included in Total Net Assets because it is treated as a

liability for financial reporting purposes.







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.

 

Cision View original content:http://www.prnewswire.com/news-releases/alliance-california-municipal-income-fund-releases-monthly-portfolio-update-300817914.html

SOURCE Alliance California Municipal Income Fund, Inc.

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