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Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

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/PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of May 31, 2015.

NEW YORK, June 26, 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

4.85%

2) Erie County Fiscal Stability Authority (Erie County Fiscal Stability Authority Sales Tax) Series 2011C 5.00%, 12/01/25

4.20%

3) Utility Debt Securitization Authority Series 2013T 5.00%, 12/15/30

4.19%

4) New York State Thruway Authority (New York State Thruway Authority Ded Tax)  Series 2011A 5.00%, 4/01/31

3.99%

5) New York State Dormitory Authority (New York State Dormitory Authority Lease)  Series 2013A 5.25%, 7/01/30

3.09%

6) New York State Dormitory Authority (State of New York Pers Income Tax)  Series 2012A 5.00%, 6/15/31

3.06%

7) New York State Dormitory Authority (New York St Pers Income Tax) 5.00%, 3/15/26

2.92%

8) New York State Thruway Authority (New York State Thruway Authority Gen Toll Road)  Series 2014J 5.00%, 1/01/41

2.92%

9) Idaho Housing & Finance Association (State of Idaho Fed Hwy Grant)  Series 2014 5.00%, 7/15/31

2.83%

10) New York City Water & Sewer System Series 2011HH 5.00%, 6/15/26

2.65%





Sector/Industry Breakdown

Portfolio %

Revenue


Toll Roads/Transit

10.95%

Water & Sewer

10.25%

Health Care - Not-for-Profit

9.83%

Higher Education - Private

9.71%

Revenue - Miscellaneous

8.26%

Electric Utility

7.60%

Airport

7.36%

Senior Living

3.71%

Higher Education - Public

1.22%

Industrial Development - Utility

0.23%

SUBTOTAL

69.12%

Tax Supported


Special Tax

19.32%

Tax-Supported State Lease

3.03%

Local G.O.

2.04%

Assessment District

0.43%

State G.O.

0.18%

SUBTOTAL

25.00%

Asset-Backed


Housing - Multi-Family

3.89%

SUBTOTAL

3.89%

Prerefunded/ETM

1.99%

Total

100.00%



State Breakdown

Portfolio %

New York

92.34%

Idaho

2.83%

Texas

2.04%

Florida

0.98%

Kansas

0.97%

Colorado

0.43%

Ohio

0.23%

California

0.18%

Total Investments

100.00%



Credit Quality Breakdown

Portfolio %

AAA

15.67%

AA

53.14%

A

18.80%

BBB

8.38%

BB

1.10%

Not Rated

0.92%

Pre-refunded Bonds

1.99%

Total Investments

100.00%



Bonds By Maturity

Portfolio %

Less than 1 year

0.00%

1 to 5 years

3.63%

5 to 10 years

5.46%

10 to 20 years

74.56%

20 to 30 years

14.35%

More than 30 years

2.00%

Other

0.00%

Total Investments

100.00%



Portfolio Statistics:


AMT Percentage:

10.37%

Average Coupon:

5.21%

Percentage of Leverage:


Bank Borrowing:

0.00%

Investment Operations:

0.46%

Preferred Stock:

37.56%

Tender Option Bonds:

3.87%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

41.89%*

Average Effective Maturity:

6.84 Years

Effective Duration:

5.88 Years

Total Net Assets:

$110.74 Million**

Common Stock Net Asset Value:

$14.46

Number of Holdings:

73

Portfolio Turnover:

42%



* The total percentage of leverage constitutes 3.87% through the use


of tender option bonds, 37.56% in issued and outstanding preferred


stock and 0.46% 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-300105641.html

SOURCE Alliance New York Municipal Income Fund, Inc.

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