Alliance New York Municipal Income Fund, Inc. Reports Second Quarter Earnings

NEW YORK, June 26, 2015 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. AYN, a registered closed‑end investment company, today announced earnings for the Fund's second fiscal quarter ended April 30, 2015.

Total net assets of the Fund* on April 30, 2015 were $111,219,365, as compared with $114,343,173 on January 31, 2015 and $108,726,910 on April 30, 2014.  On April 30, 2015, the net asset value per share of common stock was $14.56 based on 4,836,261 shares of common stock outstanding.

For the period February 1, 2015 through April 30, 2015 total net investment income was $799,132 or $0.17 per share of common stock. The total net realized and unrealized loss was ($3,145,166) or ($0.65) per share of common stock for the same period.

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

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

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SOURCE Alliance New York Municipal Income Fund, Inc.