Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

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NEW YORK, May 22, 2015 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. 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.

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